The import of nickel powders and flakes to the UK is forecasted to decrease steadily from 2024 to 2028, starting at 653.04 thousand kilograms in 2024 and decreasing to 613.85 thousand kilograms by 2028. This represents a negative trend, with an annual reduction rate projected consistently over these years.
Observing the year-on-year changes, there is a decremental pattern. Although specific 2023 data isn't provided, the downward trajectory confirms a declining demand or possible supply adjustments in the UK's nickel powder and flakes import sector. The compound annual growth rate (CAGR) over the five-year forecast suggests sustained decreases.
Future trends to watch for include potential technological advancements or policy changes that could impact nickel production and importation dynamics. Additionally, shifts in global market demand for nickel, especially from emerging technologies like electric vehicle batteries, could alter this forecast. Monitoring geopolitical influences and environmental regulations will also be crucial to predict longer-term trends.
