In 2023, Germany's import of nickel tubes, pipes, and fittings stood at an estimated volume of 2.674 million kilograms. According to forecasts, imports are expected to grow steadily from 2024 to 2028, starting at 2.745 million kilograms in 2024 and reaching 3.030 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately 2.51% over the five-year period. The year-on-year percentage increase illustrates a consistent rise in demand for these products.
Future trends to watch for include:
- Potential shifts in global trade dynamics affecting supply chains and pricing.
- Technological advancements in the nickel industry that may influence production efficiency and demand.
- Environmental regulations could impact manufacturing processes and import strategies.
- Market demand driven by sectors such as electronics and renewable energy could further influence import volumes.