From 2023 to 2024, the import value of nickel bars, rods, and profiles to Australia is expected to rise from a certain baseline to 263.5 thousand US dollars. This upward trend continues with an increase to 269.8 thousand US dollars in 2025, 275.97 thousand US dollars in 2026, 282.01 thousand US dollars in 2027, and 287.93 thousand US dollars in 2028. The year-on-year percentage variations are as follows:
- 2024 to 2025: 2.41%
- 2025 to 2026: 2.29%
- 2026 to 2027: 2.19%
- 2027 to 2028: 2.09%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages approximately 2.22%.
Future trends to watch for include potential shifts in global nickel supply due to geopolitical factors, advancements in nickel-based technologies that may influence demand, and Australia's economic conditions that could impact import volumes.
