Analysis of the forecasted nickel direct material inputs in Germany indicates a gradual decline in volume from 2024 to 2028. Starting at 120.07 thousand metric tons in 2024, the inputs are expected to decrease steadily each year, reaching 118.33 thousand metric tons by 2028. This translates to an average annual decline of approximately 0.4% over the forecast period.
Year-on-year variation for the years 2024-2028 demonstrates a consistent reduction:
- 2024: 0.0% (projected baseline value)
- 2025: -0.37%
- 2026: -0.36%
- 2027: -0.37%
- 2028: -0.36%
Future trends to watch for:
- Monitoring geopolitical developments as they can impact global nickel supply and prices.
- Advances in recycling technology which could potentially decrease the demand for primary nickel inputs.
- The growth of electric vehicle (EV) markets may increase demand for nickel, offsetting some of the forecasted declines.
- Economic factors such as trade policies and industrial demand fluctuations in key sectors like automotive and electronics.
