Italy: Nickel Matte Market 2024

Nickel Matte Market Size in Italy

The Italian nickel matte market dropped to $X in 2022, leveling off at the previous year. Overall, consumption continues to indicate a slight setback. Nickel matte consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Nickel Matte Production in Italy

In value terms, nickel matte production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Nickel Matte Exports

Exports from Italy

In 2022, exports of nickel mattes from Italy soared to X kg, rising by X% on the year before. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, nickel matte exports surged to $X in 2022. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X kg) was the main destination for nickel matte exports from Italy, accounting for a X% share of total exports. Moreover, nickel matte exports to New Zealand exceeded the volume sent to the second major destination, Japan (X kg), twofold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X), the UK ($X) and the United States ($X) appeared to be the largest markets for nickel matte exported from Italy worldwide, together accounting for X% of total exports. Saudi Arabia, Vietnam and Japan lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nickel matte export price amounted to $X per kg, declining by X% against the previous year. Over the period under review, the export price continues to indicate a sharp decline. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to Japan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Matte Imports

Imports into Italy

In 2022, overseas purchases of nickel mattes decreased by X% to X kg, falling for the sixth year in a row after three years of growth. Overall, imports showed a precipitous descent. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel matte imports stood at $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X kg) constituted the largest supplier of nickel matte to Italy, with a X% share of total imports. Moreover, nickel matte imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X kg), sevenfold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of nickel mattes to Italy, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

Import Prices by Country

The average nickel matte import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price posted prominent growth. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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