MENA: Nickel Powder Market 2024

Nickel Powder Market Size in MENA

After two years of growth, the MENA's nickel powder market decreased by X% to $X in 2023. Over the period under review, consumption showed a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Nickel Powder Production in MENA

In value terms, nickel powder production reached $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Nickel Powder Exports

Exports in MENA

In 2023, after two years of decline, there was significant growth in overseas shipments of nickel powders and flakes, when their volume increased by X% to X tons. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, nickel powder exports rose slightly to $X in 2023. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Morocco was the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Turkey (X tons), comprising a X% share of total exports.

Exports from Morocco increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the largest nickel powder supplying countries in MENA were Turkey ($X) and Morocco ($X).

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price faced a deep contraction. The growth pace was the most rapid in 2022 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Morocco stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%).

Nickel Powder Imports

Imports in MENA

For the third consecutive year, MENA recorded growth in purchases abroad of nickel powders and flakes, which increased by X% to X tons in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, nickel powder imports rose markedly to $X in 2023. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Turkey represented the main importing country with an import of around X tons, which amounted to X% of total imports. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by Iran (X%) and the United Arab Emirates (X%). Egypt (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to nickel powder imports into Turkey stood at X%. At the same time, Egypt (X%), Iran (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Israel (X p.p.), Iran (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Turkey saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported nickel powders and flakes in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, nickel powder import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform