In 2023, the actual import value of Nickel Plates, Sheet, Strip, and Foil to Germany was USD 10.812 million. The forecast for 2024 is USD 10.679 million, indicating a year-on-year decline of approximately 1.23%. This downward trend is expected to continue through 2028, with an average annual decrease (CAGR) of roughly 1.09% over the five-year period from 2024 to 2028.
Future trends to watch include:
- Changes in global nickel supply chains that could impact pricing and import levels.
- Technological advancements in materials that may affect demand for nickel-based products in Germany.
- Economic policies and tariffs that might influence German trade dynamics with key nickel-producing countries.