The forecasted import value of unwrought nickel to India from 2024 to 2028 shows a consistent declining trend. In 2023, the import value of unwrought nickel stood at 475.40 million USD. The year-on-year variations are modest, with an average annual decrease (CAGR) of approximately 1.2% over the forecast period.
Year-on-year changes are as follows:
- From 2024 to 2025: -1.2%
- From 2025 to 2026: -1.2%
- From 2026 to 2027: -1.2%
- From 2027 to 2028: -1.2%
Future trends to watch for include global changes in nickel demand driven by the electric vehicle market, shifts in global supply chains, and potential policy changes in India related to import duties and tariffs on raw materials.
