Finland: Nickel Market Overview 2020

Nickel Market Size in Finland

The revenue of the nickel market in Finland amounted to $X in 2017, declining by -X% against the previous year. In general, nickel consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the nickel market attained its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Nickel Production in Finland

In 2017, approx. X tonnes of nickel (unwrought) were produced in Finland; going up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016, when the output figure increased by X% year-to-year. Finland nickel production peaked in 2017, and is likely to see steady growth in the near future.

Nickel Exports from Finland

In 2017, the amount of nickel (unwrought) exported from Finland stood at X tonnes, rising by X% against the previous year. In general, nickel exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. In that year, the nickel exports reached their peak volume of X tonnes. From 2012 to 2017, growth of the nickel exports failed to regain its momentum.

In value terms, nickel exports amounted to $X in 2017. In general, nickel exports continue to indicate a deep deduction. Over the period under review, the nickel exports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Nickel Exports by Country from Finland

The exports of the four major exporters of nickel (unwrought), namely Australia, Russia, Norway and Canada, represented more than third of total export. It was distantly followed by Malaysia (X tonnes), the Netherlands (X tonnes), Finland (X tonnes) and the UK (X tonnes), together making up X% share of total exports. Singapore (X tonnes), Japan (X tonnes), Belgium (X tonnes) and South Africa (X tonnes) occupied the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Russia ($X) and Australia ($X) were the countries with the highest levels of exports in 2017, together comprising X% of total exports. Norway, Malaysia, the Netherlands, Finland, the UK, South Africa, Singapore, Japan and Belgium lagged somewhat behind, together comprising a further X%.

Malaysia (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Nickel Export Prices by Country in Finland

The nickel export price in Finland stood at $X per kg in 2017, surging by X% against the previous year. Overall, nickel export price continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% year-to-year. Finland export price peaked of $X per kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Canada ($X per kg), while Singapore ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Africa (-X% per year), while the other leaders experienced a decline in the export price figures.

Nickel Imports into Finland

Nickel imports into Finland totaled X tonnes in 2017, lowering by -X% against the previous year. In general, nickel imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. Over the period under review, the nickel imports attained its peak figure volume of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, nickel imports amounted to $X in 2017. In general, nickel imports continue to indicate a precipitous curtailment. Finland imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Nickel Imports by Country into Finland

China (X tonnes), the U.S. (X tonnes), Switzerland (X tonnes), the Netherlands (X tonnes), Malaysia (X tonnes) and Germany (X tonnes) represented roughly X% of total imports of nickel (unwrought) in 2017. Italy (X tonnes), France (X tonnes), Japan (X tonnes), Belgium (X tonnes), South Korea (X tonnes) and Taiwan, Chinese (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest nickel markets worldwide were China ($X), the U.S. ($X) and the Netherlands ($X), together comprising X% of total imports. These countries were followed by Switzerland, Germany, Italy, Japan, France, Belgium, Taiwan, Chinese, South Korea, Malaysia and Finland, which together accounted for a further X%.

Malaysia (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countriesover the last decade, while the other leaders experienced a decline in the imports figures.

Nickel Import Prices by Country in Finland

In 2017, the nickel import price in Finland amounted to $X per kg, therefore, remained relatively stable against the previous year. Overall, nickel import price continues to indicate an abrupt decline. The pace of growth was the most pronounced in 2012, an increase of X% against the previous year. In that year, the import prices for nickel (unwrought) attained their peak level of $X per kg. From 2013 to 2017, growth of the import prices for nickel (unwrought) failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per kg), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform