Nickel Ore Market - Australia’s Exports of Nickel Ores and Concentrates Plunged 23% in 2014

Uranium And Thorium Ores July 19, 2015
Author: Alexander Romanenko
Chief Executive Officer

nickel ore market

Despite a significant drop in exports, Australia remained one of the leading countries on the global nickel ore market. In 2014, Australia exported 391 thousand tonnes of nickel ores and concentrates totaling 715 million USD, a lamentable 23.2% under the previous year. Its primary trading partner was China, where it supplied 87.2% of its total nickel ore and concentrate exports in value terms, accounting for 13.6% of China's total imports.

From 2007 to 2014, Australia was a net exporter of nickel ores and concentrates. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced due to high export prices.

The Philippines and Zimbabwe were among the other leading global suppliers of nickel ores and concentrates in 2014. The fastest growing exporter from 2007 to 2014 was Brazil, with enormous growth of +88.5% per year, followed by the Philippines (+21.6% per year). Both of these countries, by nature of this rapid growth, were able to significantly strengthen their positions in the global export structure.

In 2014, Australia's 5 trading partners were China, Brazil, India, Japan and the Republic of Korea with a combined 100% share of Australian nickel ores and concentrates trade exports. The shares of each of these countries increased dramatically.

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Source: World: Nickel Ores And Concentrates - Market Report. Analysis and Forecast to 2020