Africa: Nickel Powder Market 2024

Nickel Powder Market Size in Africa

The African nickel powder market shrank to $X in 2023, dropping by X% against the previous year. The total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then dropped modestly in the following year.

Nickel Powder Production in Africa

In value terms, nickel powder production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked in 2023 and is expected to retain growth in the near future.

Nickel Powder Exports

Exports in Africa

In 2023, approx. X tons of nickel powders and flakes were exported in Africa; jumping by X% against the previous year. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, nickel powder exports soared to $X in 2023. Overall, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Morocco prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. South Africa (X tons), Tanzania (X tons) and Zimbabwe (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to nickel powder exports from Morocco stood at X%. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Zimbabwe experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while Zimbabwe and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest nickel powder supplying countries in Africa were Morocco ($X), South Africa ($X) and Zimbabwe ($X), together accounting for X% of total exports. These countries were followed by Tanzania, which accounted for a further X%.

In terms of the main exporting countries, Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, faced a deep slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Nickel Powder Imports

Imports in Africa

Nickel powder imports soared to X tons in 2023, growing by X% on 2022 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, nickel powder imports soared to $X in 2023. Over the period under review, imports, however, continue to indicate a mild setback. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X tons) was the key importer of nickel powders and flakes, committing X% of total imports. It was distantly followed by Egypt (X tons) and Botswana (X tons), together creating a X% share of total imports. Kenya (X tons), Senegal (X tons), Mauritius (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to nickel powder imports into South Africa stood at X%. At the same time, Mauritius (X%), Botswana (X%), Kenya (X%), Egypt (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Algeria (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Botswana (X p.p.), Kenya (X p.p.), Senegal (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported nickel powders and flakes in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Kenya (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Algeria ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform