Report Update Apr 1, 2024

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

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Kazakhstan: Nickel Ore Market 2024

Nickel Ore Market Size in Kazakhstan

For the third year in a row, the Kazakh nickel ore market recorded decline in sales value, which decreased by -92.5% to $X in 2021. Overall, consumption continues to indicate a precipitous shrinkage. The growth pace was the most rapid in 2018 with an increase of 4.7%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nickel Ore Production in Kazakhstan

In value terms, nickel ore production amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 24%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Nickel Ore Exports

Exports from Kazakhstan

In 2021, the amount of nickel ores and concentrates exported from Kazakhstan soared to X tons, picking up by 64% against the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, nickel ore exports contracted to $X in 2021. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 120% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined modestly in the following year.

Exports by Country

China (X tons) was the main destination for nickel ore exports from Kazakhstan, accounting for a 98% share of total exports. It was followed by Turkey (X tons), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +56.0%.

In value terms, China ($X) remains the key foreign market for nickel ores and concentrates exports from Kazakhstan, comprising 99% of total exports. The second position in the ranking was held by Turkey ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +38.5%.

Export Prices by Country

In 2021, the average nickel ore export price amounted to $X per ton, with a decrease of -41.9% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 58%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-11.2%).

Nickel Ore Imports

Imports into Kazakhstan

In 2021, overseas purchases of nickel ores and concentrates decreased by -19.1% to X tons, falling for the fourth year in a row after six years of growth. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 178%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, nickel ore imports expanded modestly to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 +10.6% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the main nickel ore supplier to Kazakhstan, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +20.5%.

In value terms, Russia ($X) constituted the largest supplier of nickel ores and concentrates to Kazakhstan.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +2.6%.

Import Prices by Country

In 2021, the average nickel ore import price amounted to $X per ton, growing by 27% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -14.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel ores and concentrates in the world?

The countries with the highest volumes of consumption in 2021 were China, the Philippines and Indonesia, together accounting for 91% of global consumption.

What are the largest producers of nickel ores and concentrates in the world?

The Philippines remains the largest nickel ore producing country worldwide, accounting for 71% of total volume. Moreover, nickel ore production in the Philippines exceeded the figures recorded by the second-largest producer, Indonesia, threefold. The third position in this ranking was taken by Guatemala, with a 3.1% share.

What are the leading suppliers of nickel ores and concentrates to Kazakhstan?

In value terms, Russia constituted the largest supplier of nickel ores and concentrates to Kazakhstan.

What are the leading importers of nickel ores and concentrates from Kazakhstan?

In value terms, China remains the key foreign market for nickel ores and concentrates exports from Kazakhstan, comprising 99% of total exports. The second position in the ranking was taken by Turkey, with a 0.8% share of total exports.

What is the average export price for nickel ores and concentrates in Kazakhstan?

In 2021, the average nickel ore export price amounted to $1,115 per ton, declining by -41.9% against the previous year.

What is the average import price for nickel ores and concentrates in Kazakhstan?

In 2021, the average nickel ore import price amounted to $5,446 per ton, with an increase of 27% against the previous year.

This report provides an in-depth analysis of the nickel ore market in Kazakhstan. 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:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023