The forecast for India's import of Nickel Bars, Rods, and Profiles shows a declining trend from 2024 to 2028, with values decreasing steadily each year. In 2024, the forecast value is $612.99 thousand, expected to drop to $595.3 thousand by 2028. Compared to 2023, the forecast indicates a continuous reduction. The year-on-year variation suggests a slight decline around 1%, highlighting a consistent decrease in imports over the forecasted period. The projected CAGR over this period indicates a slow but steady decline in demand for these nickel products in India.
Future trends to watch include potential shifts in the global supply chain affecting nickel prices, India's industrial demand for nickel, and international trade policies. Any changes in these areas could impact the import levels, potentially altering the forecast trajectory.
