In 2023, the United States imported nickel and related articles valued at approximately $2.798 billion. The forecasts from 2024 to 2028 show a steady increase in import values. The year-on-year percentage growth from 2023 to 2024 is modest. From 2024 to 2028, the Compounded Annual Growth Rate (CAGR) suggests a consistent positive trend, with imports expected to rise from $2.804 billion to $2.831 billion by 2028.
Future trends to watch for:
- Fluctuations in global nickel supply and demand impacting US import volumes.
- Technological advancements driving nickel usage in various sectors.
- Trade policies that may affect import tariffs and restrictions.