In 2023, the import of nickel plates, sheets, strip, and foil to China was at 162.47 million USD. The forecast shows a steady increase in imports with values rising to 163.46 million USD by 2028. Year-on-year analysis indicates a consistent growth rate of approximately 0.15% annually. Over this five-year period from 2024 to 2028, the compound annual growth rate (CAGR) stands as relatively minimal, signifying a stable but slow expansion in the import market.
Future trends to watch for include:
- Potential fluctuations in global nickel prices affecting import value.
- Shifts in China's industrial demand due to policy changes or economic fluctuations.
- Technological advancements that might influence the consumption patterns of nickel-based products in China.