The import value of nickel and articles thereof to Germany has shown considerable fluctuations over the past years. In 2023, the value stood at 1.6 billion USD. Looking over the last two years, imports decreased by 0.47% from 2022 to 2023 and by 2.43% from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years was -2.24%, indicative of a general decline.
Future trends to consider include:
- The consistent slight decline projected, with a forecasted value of 1.5626 billion USD by 2028, and a 5-year CAGR of -0.4%.
- Potential external factors such as market demand shifts, economic conditions, and changes in supply chain logistics impacting nickel imports to Germany.
