
India - Nickel Powders And Flakes - Market Analysis, Forecast, Size, Trends And Insights
Nickel Powder Price in India Plummets to $25.3 per Kg, Fluctuating Wildly over 2022
India Nickel Powder Import Price in September 2022
In September 2022, the nickel powder price amounted to $25.3 per kg (CIF, India), with a decrease of -49.9% against the previous month. Overall, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 149% m-o-m. Over the period under review, average import prices attained the maximum at $50.5 per kg in August 2022, and then shrank significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($42.0 per kg), while the price for the United Arab Emirates ($3.4 per kg) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
India Nickel Powder Imports
In September 2022, purchases abroad of nickel powders and flakes was finally on the rise to reach 121 tons for the first time since June 2022, thus ending a two-month declining trend. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in March 2022 with an increase of 241% m-o-m. Over the period under review, imports hit record highs in September 2022.
In value terms, nickel powder imports skyrocketed to $3.1M (IndexBox estimates) in September 2022. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in March 2022 with an increase of 72% m-o-m. Over the period under review, imports hit record highs in September 2022.
India Nickel Powder Imports by Country
the United Arab Emirates (40 tons), the Netherlands (27 tons) and the UK (24 tons) were the main suppliers of nickel powder imports to India, with a combined 76% share of total imports. These countries were followed by the United States, China and Japan, which together accounted for a further 21%.
From January 2022 to September 2022, the biggest increases were in China (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the UK ($921K), the Netherlands ($816K) and the United States ($624K) appeared to be the largest nickel powder suppliers to India, together comprising 77% of total imports. China, the United Arab Emirates and Japan lagged somewhat behind, together accounting for a further 15%.
Among the main suppliers, China, with a CAGR of +62.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Nickel Powder Market Overview
The nickel powder market in India is expected to grow at a healthy rate during the forecast period. The major factor driving the growth of the market is the increasing demand from various industries such as automotive, electronics, and aerospace. Additionally, the growing investment by government and private companies in research and development activities is also anticipated to propel the growth of the market.
However, the high cost of raw materials is expected to restraint the growth of the market. Moreover, environmental regulations regarding the use of nickel powder are also expected to challenge the market growth. Nevertheless, rising demand from developing economies is expected to create lucrative opportunities for market players in the coming years.
This report provides an in-depth analysis of the nickel powder market in India. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET