The import of supported catalysts with nickel or nickel compounds to Germany is forecasted to grow consistently from 2024 through 2028. The years 2024 and 2025 will see imports reach $58.481 million and $60.396 million respectively, marking a year-on-year growth of approximately 3.27%. This trend continues with a gradual increase each year, culminating in $65.914 million in 2028. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is expected to be around 3.07%.

In 2023, the imports were valued at $55 million, marking a baseline for the projected growth. As we look forward, the following trends should be watched:

The increasing demand for nickel-based catalysts due to green technology advancements, particularly in the electric vehicle and battery sectors.
Potential policy changes within the EU that could affect import regulations or tariffs on such materials.
Fluctuations in global nickel prices, which may impact the cost-effectiveness of importing these catalysts.