The forecasted import of nickel plates, sheets, strips, and foil to Japan shows a declining trend from 2024 to 2028, starting at 109.3 thousand kilograms in 2024 and decreasing to 93.29 thousand kilograms by 2028. This represents an average annual decrease of approximately 3.9%. As of 2023, Japan’s import volume stood at approximately this level, indicating the forecast continues an existing downward trend. The year-on-year drop indicates continual waning demand or possible shifts in sourcing strategies or substitute materials.
In monitoring future trends, key factors include global nickel pricing, emerging technologies affecting nickel usage, and Japan's economic policy adjustments impacting import volumes. Additionally, adoption of nickel substitutes and advancements in recycling technology pose potential influences on future imports.
