From 2013 to 2023, the sold production of unwrought nickel in Germany exhibited fluctuations, peaking in 2023 at 3.0797 million kilograms. The series brought moderate growth, with the year-on-year variations fluctuating significantly. In recent years, notable increases were observed in 2021 and stabilization from 2022 onward. The latest value in 2023 reflects a slight increase compared to 2022.
The five-year CAGR from 2019 to 2023 stands at 0.97%, indicating an overall stable growth trajectory. The short-term trend shows a mild increase with year-on-year variation at 1.01% for 2023.
Future trends to watch:
- Projected steady growth with a forecasted 0.8% five-year CAGR from 2024 to 2028.
- Continued stabilization in demand and production output.
- Potential influences from global nickel demand shifts and technological advancements in metal processing.
