The re-import of unwrought nickel to Canada is projected to steadily increase from 2024 to 2028. In 2024, the forecast is 139.37 thousand kilograms, rising to 147.97 thousand kilograms by 2028. This represents moderate year-on-year growth, with a consistent upward trajectory throughout the period.
The compound annual growth rate (CAGR) over these five years illustrates a steady demand for re-imported unwrought nickel. Trends suggest a reliable market with incremental gains, reflective of stable industrial requirements or a strengthening Canadian manufacturing sector that relies on nickel for production.
Future trends to watch include potential disruptions in global nickel supply chains, evolving trade relations, and Canada's environmental policies which might impact nickel's re-importation dynamics. Environmental sustainability concerns could drive innovation or regulatory changes, affecting import volumes.
