Canada's import of nickel mattes has seen a steady increase over the years, reaching a value of 10.645 million kilograms in 2024. This growth pattern is expected to continue, with forecasts showing values of 10.864 million kilograms in 2025, 11.079 million kilograms in 2026, 11.29 million kilograms in 2027, and 11.496 million kilograms in 2028. From 2023 to 2024, there was a continuation of the upward trend, indicating robust demand and supply stability.
Key Variations:
- 2023-2024 showed a year-on-year percentage increase consistent with previous years' trends.
- 2024-2025 anticipates a further increase at a rate maintaining this trajectory.
- The CAGR over the past five years has shown an average year-over-year growth, indicating a healthy demand for nickel mattes.
Future trends to watch for include potential shifts in global nickel supply chains, changes in trade policies, and the impact of technological advancements in nickel production. Additionally, fluctuations in global demand for stainless steel and battery production could influence import volumes.
