The import of nickel sulphates to Italy is forecasted to witness modest growth from 2024 through 2028, increasing from 3.7934 million kilograms in 2024 to 4.0557 million kilograms in 2028. Assuming 2023's import levels provide a foundation, the growth trajectory suggests an annual increase of approximately 1.6% to 2% year-on-year. This steady upward trend reflects a consistent demand for nickel sulphates driven by industrial and possibly automotive applications. The compound annual growth rate (CAGR) over this five-year period is indicative of incremental but stable growth in imports.
Future trends to monitor include:
- Potential shifts in global nickel supply and pricing impacting Italy's import volume.
- Regulatory changes in battery production standards affecting the demand for nickel sulphates.
- Technological advancements or material substitutes that could alter the industry's reliance on nickel sulphates.