The forecast for unwrought nickel imports to the US indicates a steady decline from 2024, when imports are valued at $1.2271 billion, to 2028, reaching $1.115 billion. In 2023, the imports stood at approximately $1.230 billion. The year-on-year variations highlight a slight downward trend with modest decreases each year: 2.36% in 2025, 2.36% in 2026, 2.37% in 2027, and 2.38% in 2028. The compound annual growth rate (CAGR) for this period is around -2.35%.
Future trends to watch for include potential impacts from geopolitical changes, advancements in nickel recycling technologies, and shifts in electric vehicle production, all of which could influence nickel import demands.
