Eastern Europe: Nickel Powder Market 2024

Nickel Powder Market Size in Eastern Europe

In 2023, the East European nickel powder market increased by X% to $X for the first time since 2018, thus ending a four-year declining trend. The total consumption indicated a temperate 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. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Nickel Powder Production in Eastern Europe

In value terms, nickel powder production reached $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Nickel Powder Exports

Exports in Eastern Europe

After two years of growth, shipments abroad of nickel powders and flakes decreased by X% to X tons in 2023. Overall, exports showed a noticeable slump. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then shrank sharply in the following year.

In value terms, nickel powder exports dropped significantly to $X in 2023. Over the period under review, exports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped notably in the following year.

Exports by Country

The shipments of the one major exporters of nickel powders and flakes, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the nickel powders and flakes exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Russia decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest nickel powder supplier in Eastern Europe.

In Russia, nickel powder exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, standing approx. at the previous year. Export price indicated pronounced 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Nickel Powder Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of nickel powders and flakes decreased by X% to X tons in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, nickel powder imports declined to $X in 2023. Total imports indicated a tangible 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. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Romania was the main importing country with an import of around X tons, which recorded X% of total imports. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Russia (X%), the Czech Republic (X%), Hungary (X%) and Slovakia (X%). Ukraine (X tons) took a minor share of total imports.

Romania experienced a relatively flat trend pattern with regard to volume of imports of nickel powders and flakes. At the same time, Slovakia (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia experienced a relatively flat trend pattern. By contrast, Poland (X%), the Czech Republic (X%) and Hungary (X%) illustrated a downward trend over the same period. While the share of Slovakia (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Czech Republic (X p.p.), Poland (X p.p.) and Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X), Poland ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The Czech Republic, Russia, Ukraine and Slovakia lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Import price indicated a perceptible expansion 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 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Hungary ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform