Nickel domestic material consumption in Poland stood at 137.42 thousand metric tons in 2023. The data indicates a fluctuating trend from 2013 to 2023, with notable peaks and troughs. From 2013 to 2014, there was a significant increase of 38.76% year-on-year, followed by a steady rise in 2015. The period 2017-2020 saw minor declines and increases, hovering around 131 thousand metric tons. Between 2022 and 2023, the year-on-year variation was 1.18%, reflecting moderate growth. The CAGR for the last five years stood at 1.39%, indicating a relatively stable upward trend in nickel consumption.
Future trends to watch for include:
• Gradual increase: Forecasts from 2024 to 2028 suggest a moderate rise in nickel consumption, with a 5-year CAGR projected at 0.89% and a forecast 5-year growth rate of 4.53%.• Technological advancements: Innovations in battery technology and electric vehicles may impact nickel consumption patterns.• Economic factors: Global market dynamics, including price fluctuations and supply chain stability, will influence future consumption trends.
