The import value of supported catalysts with nickel or nickel compounds to China is projected to grow steadily from 2024 to 2028, escalating from $296.33 million in 2024 to $341.52 million in 2028. This indicates a consistent average annual growth rate (CAGR) of approximately 3.6%. While the year-on-year growth from 2024 to 2025 and from subsequent years indicates a steady average increase, these percentages highlight a stable upward trend over the forecasted period.
Future trends to watch for include:
- Potential changes in global nickel supply and its impact on prices.
- China’s industrial policy and demand shifts which could affect import levels.
- Technological advancements in catalyst efficiency that may alter import needs.
