In 2023, the import of unwrought nickel alloys to China stood at approximately 1.91 million kilograms. The forecasts from 2024 to 2028 present a steady decline: from 1.8391 million kilograms in 2024, down to 1.3229 million kilograms by 2028. Year-on-year variations depict a consistent downward trend, with each year experiencing a decline. From 2024 to 2025, the import volume decreases by 7.22%, followed by a 7.65% drop from 2025 to 2026, a 8.10% from 2026 to 2027, and finally an 8.65% reduction from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period indicates an average yearly decrease of approximately 8.02%.

Future trends to watch for:

Potential changes in global nickel supply chains and their impact on import volumes to China.
Evolving trade policies and their influence on China's import strategies.
Technological advancements in alternatives to nickel alloys which could reduce demand.