Central Asia: Nickel Market 2022

Nickel Market Size in Central Asia

For the third consecutive year, the Central Asian nickel market recorded growth in sales value, which increased by X% to $X in 2021. The total consumption indicated a pronounced expansion 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. Based on 2021 figures, consumption increased by +X% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Nickel Production in Central Asia

In value terms, nickel production totaled $X in 2021 estimated in export price. In general, production, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Production By Country in Central Asia

The country with the largest volume of nickel production was Kyrgyzstan (X kg), comprising approx. X% of total volume. Moreover, nickel production in Kyrgyzstan exceeded the figures recorded by the second-largest producer, Tajikistan (X kg), more than tenfold.

In Kyrgyzstan, nickel production increased at an average annual rate of +X% over the period from 2012-2021.

Nickel Exports

Exports in Central Asia

In 2021, nickel exports in Central Asia surged to X tons, picking up by X% against 2020. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, nickel exports surged to $X in 2021. In general, exports, however, saw a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan represented the largest exporter of nickel in Central Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2021. It was distantly followed by Uzbekistan (X tons), mixing up a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of -X value terms, Uzbekistan ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2021.

Kazakhstan, with a CAGR of -X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+X%).

Nickel Imports

Imports in Central Asia

In 2021, purchases abroad of nickel increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a pronounced expansion from 2012 to 2021: its volume 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, imports increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, nickel imports expanded sharply to $X in 2021. Total imports indicated slight growth 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. Based on 2021 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2019 when imports increased by X%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The purchases of the three major importers of nickel, namely Kazakhstan, Turkmenistan and Uzbekistan, represented more than two-thirds of total import. It was distantly followed by Mongolia (X tons), mixing up a X% share of total imports.

From 2012 to 2021, the biggest increases were in Turkmenistan (with a CAGR of +X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Among the main importing countries, Turkmenistan, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. 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 at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mongolia ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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