As of 2023, Indonesia imported USD 88.2 million worth of unwrought nickel. Forecasted values indicate a steady annual increase in the import of unwrought nickel, starting at USD 93.003 million in 2024 and reaching USD 113.95 million by 2028. This represents a year-on-year growth of 6.8% in 2024 and continues with slight variations: 5.8% in 2025, 5.4% in 2026, 5.0% in 2027, and 4.7% in 2028. The compound annual growth rate (CAGR) over this five-year period is estimated to be around 5.5%.
Future trends to watch for include potential changes in global nickel market dynamics driven by increased demand for electric vehicle batteries, shifts in nickel supply chains, and evolving trade policies. Monitoring these factors could provide valuable insights into possible future fluctuations in nickel imports.
