The import value of nickel fittings, pipe, and tube to Japan is forecasted to grow steadily from 2024 to 2028, starting at 1.804 million USD in 2024 and reaching 1.96 million USD by 2028. This indicates a gradual increase in demand with consistent year-on-year growth.
From 2024 to 2025, the imports are expected to grow by approximately 2.2%. From 2025 to 2026, the increase is forecasted at around 2.1%, while from 2026 to 2027, it is projected to grow at about 2.0%. From 2027 to 2028, the growth is again anticipated to be consistent at around 2.0%. This shows a stable trend with a compound annual growth rate (CAGR) hovering around these figures over the five years, reflecting a moderate but consistent increase.
Future trends to watch for include potential fluctuations in global nickel prices, changes in Japan's industrial demand for nickel-based products, and possible shifts in trade policies affecting import tariffs and supply chains. Monitoring these factors could impact both the volume and value of imports beyond 2028.
