Brazil: Nickel Powder Market 2024

Nickel Powder Market Size in Brazil

The Brazilian nickel powder market amounted to $X in 2023, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a noticeable increase. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in years to come.

Nickel Powder Exports

Exports from Brazil

In 2023, the amount of nickel powders and flakes exported from Brazil soared to X tons, growing by X% compared with the previous year's figure. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, nickel powder exports surged to $X in 2023. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for nickel powder exports from Brazil, accounting for a X% share of total exports. Moreover, nickel powder exports to Argentina exceeded the volume sent to the second major destination, Chile (X kg), fourfold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the United States (X% per year).

In value terms, the United States ($X), Argentina ($X) and Chile ($X) constituted the largest markets for nickel powder exported from Brazil worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average nickel powder export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Nickel Powder Imports

Imports into Brazil

In 2023, approx. X tons of nickel powders and flakes were imported into Brazil; remaining constant against the year before. Overall, imports saw a mild increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, nickel powder imports reached $X in 2023. Over the period under review, imports posted a pronounced expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in years to come.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of nickel powder to Brazil, with a X% share of total imports. Moreover, nickel powder imports from Canada exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

In value terms, Canada ($X) constituted the largest supplier of nickel powders and flakes to Brazil, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

The average nickel powder import price stood at $X per ton in 2023, approximately mirroring the previous year. Overall, import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, nickel powder import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform