Northern America: Nickel Powder Market 2024

Nickel Powder Market Size in Northern America

The North American nickel powder market dropped to $X in 2023, remaining relatively unchanged against the previous year. Overall, consumption saw a tangible expansion. The level of consumption peaked at $X in 2022, and then declined modestly in the following year.

Nickel Powder Production in Northern America

In value terms, nickel powder production stood at $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Nickel Powder Exports

Exports in Northern America

In 2023, after two years of growth, there was significant decline in overseas shipments of nickel powders and flakes, when their volume decreased by X% to X tons. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then reduced dramatically in the following year.

In value terms, nickel powder exports dropped notably to $X in 2023. Over the period under review, exports, however, saw noticeable growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank markedly in the following year.

Exports by Country

In 2023, Canada (X tons) was the key exporter of nickel powders and flakes, committing X% of total exports. It was distantly followed by the United States (X tons), generating a X% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of nickel powders and flakes. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Canada ($X) remains the largest nickel powder supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Canada amounted to X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, growing by X% against the previous year. Export price indicated a moderate expansion 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 export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Nickel Powder Imports

Imports in Northern America

After two years of growth, purchases abroad of nickel powders and flakes decreased by X% to X tons in 2023. Overall, imports, however, showed a modest increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then contracted markedly in the following year.

In value terms, nickel powder imports contracted sharply to $X in 2023. In general, imports, however, showed measured growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then fell rapidly in the following year.

Imports by Country

In 2023, the United States (X tons) was the major importer of nickel powders and flakes, comprising X% of total imports. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

The United States was also the fastest-growing in terms of the nickel powders and flakes imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported nickel powders and flakes in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States amounted to X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, rising by X% against the previous year. Import price indicated a notable increase 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 2016 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

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

Source: IndexBox Platform