In 2023, the import of nickel powders and flakes to the US stood at approximately 6.4 million kilograms. The forecast indicates a steady increase in imports from 2024 through 2028, with a consistent annual growth rate of about 0.3% to 0.4%. Over the five-year period ending in 2028, the compound annual growth rate (CAGR) of import volumes is projected to remain modest.

Future trends to watch for:

Potential changes in global nickel supply chain dynamics, which could impact import volumes.
Advancements in battery technology and electric vehicle (EV) production, potentially altering demand.
US policy shifts towards domestic nickel development affecting import needs.