Canada - Nickel Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNickel Ore Price in Canada - 2023
Contents:
- Nickel Ore Price in Canada (CIF) - 2023
- Nickel Ore Price in Canada (FOB) - 2022
- Nickel Ore Imports in Canada
- Nickel Ore Exports in Canada
Nickel Ore Price in Canada (CIF) - 2023
In September 2023, the average nickel ore import price amounted to $6,675 per ton, with a decrease of -25.1% against the previous month. Overall, the import price, however, saw mild growth. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 114% month-to-month. The import price peaked at $17,075 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Switzerland ($18,536 per ton), while the price for the United States amounted to $5,086 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Brazil (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Nickel Ore Price in Canada (FOB) - 2022
In 2022, the average nickel ore export price amounted to $20,384 per ton, picking up by 8.9% against the previous year. Overall, the export price recorded temperate growth. The growth pace was the most rapid in 2013 when the average export price increased by 174%. As a result, the export price attained the peak level of $41,025 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($20,667 per ton), while the average price for exports to Belgium ($18,247 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel Ore Imports in Canada
Nickel ore imports into Canada soared to 49K tons in 2022, jumping by 20% compared with the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 328%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, nickel ore imports surged to $503M in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 339%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
Import of Nickel Ore in Canada (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 53.3 | 201 | 245 | 324 | 82.5% |
Brazil | N/A | 17.3 | N/A | 81.2 | 116.6% |
South Africa | N/A | N/A | 0.1 | 36.6 | 36500.0% |
Finland | N/A | 7.3 | N/A | 31.1 | 106.4% |
Russia | N/A | N/A | 13.8 | 30.7 | 122.5% |
Switzerland | N/A | 16.7 | 111 | N/A | 564.7% |
Others | 1.9 | N/A | N/A | N/A | 0% |
Total | 55.2 | 243 | 370 | 503 | 108.9% |
Top Suppliers of Nickel Ore to Canada in 2022:
- United States (40.3K tons)
- Brazil (3.3K tons)
- Russia (2.0K tons)
- South Africa (1.9K tons)
- Finland (1.7K tons)
Nickel Ore Exports in Canada
Nickel ore exports from Canada soared to 9.7K tons in 2022, jumping by 53% against 2021. Overall, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel ore exports skyrocketed to $197M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Nickel Ore in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 110 | 136 | 118 | 176 | 17.0% |
Belgium | 52.7 | 28.3 | N/A | 19.7 | -28.0% |
Others | 0.2 | 0.5 | 0.2 | 1.4 | 91.3% |
Total | 163 | 165 | 118 | 197 | 6.5% |
Top Export Markets for Nickel Ore from Canada in 2022:
- Finland (8.5K tons)
- Belgium (1.1K tons)
This report provides an in-depth analysis of the nickel ore market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the nickel ore market in Canada.
This report provides an in-depth analysis of the market for nickel ores and concentrates in Canada.
This report provides an in-depth analysis of the global nickel ore market.
Global Nickel Ore Market Report 2019. This report provides an in-depth analysis of the global market for nickel ores and concentrates.
This report provides an in-depth analysis of the nickel ore market in Canada.
This report provides an in-depth analysis of the market for nickel ores and concentrates in Canada.
This report provides an in-depth analysis of the global nickel ore market.
Global Nickel Ore Market Report 2019. This report provides an in-depth analysis of the global market for nickel ores and concentrates.
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