EU: Nickel Market 2022

Nickel Market Size in the EU

The EU nickel market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Nickel Production in the EU

In value terms, nickel production reached $X in 2021 estimated in export price. Overall, production recorded a perceptible curtailment. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in the EU

Finland (X tons) constituted the country with the largest volume of nickel production, comprising approx. X% of total volume. Moreover, nickel production in Finland exceeded the figures recorded by the second-largest producer, Greece (X tons), eightfold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

In Finland, nickel production expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Greece (-X% per year) and the Netherlands (-X% per year).

Nickel Exports

Exports in the EU

In 2021, approx. X tons of nickel were exported in the European Union; picking up by X% on the previous year's figure. Total exports indicated a perceptible increase 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. Based on 2021 figures, exports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, nickel exports surged to $X in 2021. Overall, exports posted perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the largest exporter of nickel in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2021. Finland (X tons) occupied a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%), Germany (X%) and France (X%).

The Netherlands was also the fastest-growing in terms of the nickel exports, with a CAGR of +X% from 2012 to 2021. At the same time, Germany (+X%) and Belgium (+X%) displayed positive paces of growth. By contrast, Finland (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of the Netherlands (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-X p.p.), France (-X p.p.) and Finland (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest nickel supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In the Netherlands, nickel exports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (-X% per year) and Belgium (+X% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. 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 stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Finland ($X per ton), while Germany ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the other leaders experienced a decline in the export price figures.

Nickel Imports

Imports in the EU

Nickel imports rose markedly to X tons in 2021, increasing by X% compared with 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, nickel imports surged to $X in 2021. Total imports indicated a modest 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, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The Netherlands was the main importing country with an import of about X tons, which amounted to X% of total imports. Germany (X tons) ranks second in terms of the total imports with an X% share, followed by Belgium (X%), Italy (X%), France (X%), Sweden (X%) and Spain (X%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel importing markets in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Italy ($X per ton), while Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

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

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Source: IndexBox Platform

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