In 2024, the import value of nickel fittings, pipes, and tubes to the US is projected at 23.83 million USD. This forecast indicates a continuing positive trend, growing consistently by approximately 4% to 5% each year up to 2028, when imports are expected to reach 27.478 million USD. In 2023, the import stood at an actual value close to the 23.8 million mark. Over a five-year period ending in 2028, the compound annual growth rate (CAGR) is approximately 3.67%, demonstrating steadfast demand growth in this segment.
Future trends to watch for:
- The impact of domestic production shifts on import levels.
- Trade policies and geopolitical factors influencing supply chains.
- Technological advancements affecting nickel fittings supply and demand.
- Environmental regulations potentially affecting import dynamics and costs.
