In 2023, the re-import of nickel powders and flakes to Canada stood at a level suggesting subsequent decline. From 2024 to 2028, forecasted volumes indicate a consistent decrease from 6.11 to 4.12 thousand kilograms, reflecting a downward trend with a year-on-year decline. Over this five-year period, the compound annual growth rate (CAGR) highlights an average annual reduction, emphasizing persistent contraction in import volumes.

Future trends to watch for include:

Impact of global nickel supply chain shifts, possibly altering re-import needs.
Technological advancements in nickel use within Canadian industries, potentially diversifying demand.
Changes in trade policies may influence re-import dynamics.