As of 2023, Germany’s import of nickel bars, rods, and profiles stood at substantial levels, baselining the subsequent forecasted growth. From 2024 to 2028, this import volume is anticipated to grow annually by an average of 3.5%, highlighting a steady appreciation in demand. Year-on-year growth reveals notable increases of approximately 4.65% between 2024 and 2025 and slightly higher increments in the following years, peaking at around 3.87% from 2027 to 2028.
Future trends to watch for include:
- Potential shifts in global nickel supply and pricing due to geopolitical factors could impact import volumes.
- Technological advancements in battery production could further increase nickel demand.
- Changes in environmental regulations might affect sourcing strategies.
