In 2023, China's imports of nickel and articles thereof were valued at approximately 5.88 billion USD. Forecasts predict steady growth, with imports reaching approximately 6.55 billion USD by 2028. This represents a consistent year-on-year increase of around 2% from 2024 to 2028. The compound annual growth rate (CAGR) for the forecast period stands at about 2.2%.

Future trends to watch:

Increasing demand for nickel in battery production, driven by the growing electric vehicle market.
Potential fluctuations in global nickel prices due to supply chain disruptions and geopolitical factors.
Technological advancements in nickel recycling and processing that could impact import needs.