The sold production of Nickel Bars, Rods, Profiles, and Wire in Germany experienced several fluctuations from 2013 to 2023. The value stood at 35.95 million kilograms in 2023. After a significant dip in 2016, production volumes exhibited a general upward trend, culminating in a sharp increase in 2020. Since then, the production volumes have remained relatively stable, with slight annual decreases observed in 2021, 2022, and 2023.
Year-on-year variations over the last two years show a slight decline of 0.46% for both 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 21.58%, indicating robust growth primarily driven by the spike in 2020.
Looking ahead, forecasted data suggests a gradual decline in production volumes, with a forecasted CAGR of -0.36% from 2024 to 2028. Future trends to monitor include technological advancements in nickel production, shifts in demand driven by the automotive and electronics industries, and potential regulatory impacts on nickel mining and production practices.
