In 2023, the UK's import of nickel mattes, nickel oxide sinters, and other intermediate products of nickel metallurgy stood at approximately 51 million kilograms. Forecasts for 2024 to 2028 indicate a slight but steady decline year-on-year: 2025 shows a decrease of 0.34%, 2026 by 0.67%, 2027 by 0.65%, and 2028 by 0.65%. The average compound annual growth rate (CAGR) for this period is expected to show a decline, reflecting a consistent decrease in import volumes.
Future trends to watch for include potential shifts in global nickel supply and demand dynamics, evolving trade policies, technological advancements in metallurgy, and the UK's transition toward more sustainable and alternative energy resources that may impact nickel demand.
