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Report Europe - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Europe - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Europe: Nickel Ore Market 2024

Nickel Ore Market Size in Europe

In 2021, the Europe nickel ore market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed temperate growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Nickel Ore Production in Europe

In value terms, nickel ore production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Nickel Ore Exports

Exports in Europe

In 2021, overseas shipments of nickel ores and concentrates increased by 53% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 113% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, nickel ore exports soared to $X in 2021. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which amounted to 64% of total exports. It was distantly followed by Finland (X tons) and North Macedonia (X tons), together constituting a 32% share of total exports. Norway (X tons) held a relatively small share of total exports.

Russia was also the fastest-growing in terms of the nickel ores and concentrates exports, with a CAGR of +27.9% from 2012 to 2021. At the same time, North Macedonia (+10.9%), Finland (+6.0%) and Norway (+2.4%) displayed positive paces of growth. While the share of Russia (+43 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-3.6 p.p.) and Finland (-20.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel ore supplying countries in Europe were Russia ($X), Finland ($X) and Norway ($X), with a combined 99% share of total exports.

Russia, with a CAGR of +36.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 46% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 66%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+10.5%), while the other leaders experienced more modest paces of growth.

Nickel Ore Imports

Imports in Europe

In 2021, after three years of growth, there was significant decline in purchases abroad of nickel ores and concentrates, when their volume decreased by -56% to X tons. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, nickel ore imports fell markedly to $X in 2021. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 36%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Ukraine prevails in imports structure, finishing at X tons, which was near 89% of total imports in 2021. It was distantly followed by Finland (X tons), generating a 9.9% share of total imports.

Ukraine was also the fastest-growing in terms of the nickel ores and concentrates imports, with a CAGR of -1.8% from 2012 to 2021. Finland (-6.9%) illustrated a downward trend over the same period. While the share of Ukraine (+45 p.p.) and Finland (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) constitutes the largest market for imported nickel ores and concentrates in Europe, comprising 74% of total imports. The second position in the ranking was taken by Ukraine ($X), with an 18% share of total imports.

In Finland, nickel ore imports contracted by an average annual rate of -6.6% over the period from 2012-2021.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, picking up by 81% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Ukraine amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2021 were North Macedonia, Ukraine and Spain, together accounting for 97% of total consumption.
North Macedonia constituted the country with the largest volume of nickel ore production, comprising approx. 74% of total volume. Moreover, nickel ore production in North Macedonia exceeded the figures recorded by the second-largest producer, Russia, fivefold.
In value terms, the largest nickel ore supplying countries in Europe were Russia, Finland and Norway, with a combined 99% share of total exports.
In value terms, Finland constitutes the largest market for imported nickel ores and concentrates in Europe, comprising 74% of total imports. The second position in the ranking was taken by Ukraine, with an 18% share of total imports.
The export price in Europe stood at $1,528 per ton in 2021, surging by 46% against the previous year.
The import price in Europe stood at $236 per ton in 2021, rising by 81% against the previous year.

This report provides an in-depth analysis of the nickel ore market in Europe. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 07291200 - Nickel ores and concentrates

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Europe, split by region and country
  • Trade (exports and imports) in Europe
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Albania
    • Andorra
    • Austria
    • Belarus
    • Belgium
    • Bosnia and Herzegovina
    • Bulgaria
    • Croatia
    • Czech Republic
    • Denmark
    • Estonia
    • Faroe Islands
    • Finland
    • France
    • Germany
    • Gibraltar
    • Greece
    • Holy See
    • Hungary
    • Iceland
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • North Macedonia
    • Malta
    • Moldova
    • Montenegro
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Romania
    • Russia
    • San Marino
    • Serbia
    • Slovakia
    • Slovenia
    • Spain
    • Sweden
    • Switzerland
    • Ukraine
    • United Kingdom
    • Liechtenstein
    • Isle of Man
    • Monaco

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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