In 2023, China re-imported an undisclosed amount of nickel plates, sheet, strip, and foil. Forecast data indicates a declining trend from 2024 through 2028, starting at 43.88 thousand kilograms in 2024 and decreasing to 40.47 thousand kilograms by 2028. Year-on-year reductions are approximately 2% from 2025 to 2028, showing a consistent downtrend with an expected compound annual growth rate (CAGR) of around -2% over the five-year period.
Future trends to watch include potential changes in global nickel prices, shifts in China's industrial production, and advancements in material alternatives which might further impact re-import volumes. These elements could significantly influence the demand and supply dynamics in the coming years.
