Asia: Nickel Market 2022

Nickel Market Size in Asia

The Asian nickel market surged to $X in 2021, with an increase of X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Nickel Production in Asia

In value terms, nickel production rose remarkably to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Production By Country in Asia

The countries with the highest volumes of in 2021 were China (X tons), Indonesia (X tons) and Japan (X tons), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Nickel Exports

Exports in Asia

Nickel exports declined rapidly to X tons in 2021, reducing by -X% on 2020 figures. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, nickel exports dropped sharply to $X in 2021. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Japan was the largest exporter of nickel in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2021. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%), South Korea (X%) and Singapore (X%). Turkey (X tons) and Hong Kong SAR (X tons) took a little share of total exports.

Exports from Japan increased at an average annual rate of +X% from 2012 to 2021. At the same time, the United Arab Emirates (+X%), Turkey (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%), China (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), the United Arab Emirates (+X p.p.), Singapore (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while South Korea, Hong Kong SAR and China saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively.

In value terms, Japan ($X) remains the largest nickel supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced mixed trends in the export price figures.

Nickel Imports

Imports in Asia

In 2021, imports of nickel in Asia surged to X tons, picking up by X% compared with the year before. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, nickel imports soared to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, resulting at X tons, which was near X% of total imports in 2021. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%), South Korea (X%) and Singapore (X%). Taiwan (Chinese) (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to nickel imports into China stood at +X%. At the same time, South Korea (+X%), Taiwan (Chinese) (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Japan and India experienced a relatively flat trend pattern. By contrast, Singapore (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and South Korea increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported nickel in Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

In China, nickel imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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