The Nickel trade balance in Germany has seen considerable fluctuations over the years. In 2023, it stood at 42.1 thousand metric tons, marking a 6.09% increase from the previous year. Over the past five years, the average annual growth rate (CAGR) was 4.17%, indicating a moderate yet variable upward trend. However, the forecasted data shows a slight decline, with the trade balance expected to drop to 36.51 thousand metric tons by 2028, reflecting an average annual decrease rate of -2.28% over the next five years.
Future trends to watch for include potential impacts from evolving global trade policies, shifts in nickel demand due to the green energy transition, and volatility in the raw materials market. These factors could significantly influence the trajectory of Germany's nickel trade balance in the coming years.