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China - Nickel Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Dec 27, 2022
China's Nickel Ore Price Drops 6%, Averaging $87.8 per Ton
China Nickel Ore Import Price in September 2022
In September 2022, the nickel ore price stood at $87.8 per ton (CIF, China), falling by -6.4% against the previous month. Over the period under review, the import price showed a abrupt contraction. The pace of growth was the most pronounced in June 2022 an increase of 9% m-o-m. Over the period under review, average import prices hit record highs at $191 per ton in February 2022; however, from March 2022 to September 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Guatemala ($138 per ton), while the price for the Philippines ($62.0 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (-2.1%), while the prices for the other major suppliers experienced a decline.
China Nickel Ore Imports
Nickel ore imports into China rose notably to 4.7M tons in September 2022, with an increase of 8.8% against the previous month. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in May 2022 when imports increased by 56% month-to-month. Imports peaked in September 2022.
In value terms, nickel ore imports amounted to $414M (IndexBox estimates) in September 2022. Over the period under review, imports showed a tangible increase. The pace of growth was the most pronounced in April 2022 when imports increased by 54% month-to-month. Over the period under review, imports reached the maximum at 558K tons in June 2022; however, from July 2022 to September 2022, imports failed to regain momentum.
China Nickel Ore Imports by Country
In September 2022, the Philippines (4.2M tons) constituted the largest nickel ore supplier to China, with a 89% share of total imports. Moreover, nickel ore imports from the Philippines exceeded the figures recorded by the second-largest supplier, New Caledonia (206K tons), more than tenfold.
From January 2022 to September 2022, the average monthly growth rate of volume from the Philippines amounted to +18.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: New Caledonia (+5.0% per month) and Guatemala (+21.8% per month).
In value terms, the Philippines ($260M) constituted the largest supplier of nickel ore to China, comprising 63% of total imports. The second position in the ranking was taken by New Caledonia ($27M), with a 6.5% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from the Philippines totaled +12.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: New Caledonia (+2.7% per month) and Guatemala (+14.2% per month).
Factors Affecting Nickel Ore Prices
The nickel ore price in China has been on a roller coaster ride in recent years, affected by a variety of factors. The most important factor is the Indonesian export ban, which was imposed in early 2014. This sent shockwaves through the Chinese nickel ore market, as Indonesia had been one of the main suppliers of nickel ore to China. The other major supplier is the Philippines, which has also been affected by export restrictions.
Chinese demand for nickel ore is largely driven by the country's booming stainless steel industry. Nickel is a key ingredient in stainless steel, and China is the world's largest producer and consumer of the metal. However, overcapacity in the Chinese stainless steel industry has led to falling prices and profit margins, which has in turn dampened demand for nickel ore.
Another factor that has weighed on Chinese demand for nickel ore is Beijing's crackdown on environmental polluters. Many of the country's nickel smelters are located in areas with high levels of air pollution, and they have been required to cut production or close down altogether in recent years. This has further reduced demand for nickel ore from China.
This report provides an in-depth analysis of the nickel ore market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 07291200 - Nickel ores and concentrates
Country coverage:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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