Africa: Nickel Matte Market 2024

Nickel Matte Market Size in Africa

In 2022, the African nickel matte market was finally on the rise to reach $X after two years of decline. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Nickel Matte Production in Africa

In value terms, nickel matte production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Nickel Matte Exports

Exports in Africa

In 2022, exports of nickel mattes in Africa contracted to X tons, with a decrease of X% against 2021 figures. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel matte exports fell markedly to $X in 2022. In general, exports, however, saw notable growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Zimbabwe prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by South Africa (X tons), committing a X% share of total exports. Botswana (X tons) followed a long way behind the leaders.

Zimbabwe was also the fastest-growing in terms of the nickel mattes exports, with a CAGR of X% from 2012 to 2022. South Africa experienced a relatively flat trend pattern. Botswana (X%) illustrated a downward trend over the same period. While the share of Zimbabwe (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Botswana (X p.p.) displayed negative dynamics.

In value terms, Zimbabwe ($X) remains the largest nickel matte supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Zimbabwe stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced mixed trends in the export price figures.

Nickel Matte Imports

Imports in Africa

In 2022, the amount of nickel mattes imported in Africa shrank rapidly to X tons, declining by X% compared with the previous year's figure. Over the period under review, imports faced a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, nickel matte imports reduced remarkably to $X in 2022. In general, imports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Angola represented the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by South Africa (X kg), generating a X% share of total imports.

Angola was also the fastest-growing in terms of the nickel mattes imports, with a CAGR of X% from 2012 to 2022. South Africa (X%) illustrated a downward trend over the same period. Angola (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported nickel mattes in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports.

In Angola, nickel matte imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

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