In 2023, India's import of nickel tubes and pipes stood around 7.33 thousand kilograms. Forecasted data shows a consistent annual decrease in imports from 2024 to 2028. The year-on-year decrease is approximately 6%, with a compound annual growth rate (CAGR) of approximately -5.1% over the five-year period. This indicates a declining trend in importing these nickel products. While actual figures for 2022 and before are not provided, an evident reduction trend is clear from 2024 onwards.
Future trends to watch for include potential impacts of domestic production increases, shifts in global nickel supply chains, or changing industrial demands in sectors reliant on nickel tubes and pipes. Trade policy changes could also influence import volumes significantly.
