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Report Northern America - Nickel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Northern America - Nickel - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Nickel Market 2022

Nickel Market Size in Northern America

After two years of decline, the North American nickel market increased by X% to $X in 2021. In general, consumption, however, saw a noticeable setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Nickel Production in Northern America

In value terms, nickel production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in Northern America

Canada (X tons) constituted the country with the largest volume of nickel production, accounting for X% of total volume.

In Canada, nickel production contracted by an average annual rate of -X% over the period from 2012-2021.

Nickel Exports

Exports in Northern America

In 2021, overseas shipments of nickel decreased by -X% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, nickel exports soared to $X in 2021. Over the period under review, exports continue to indicate a perceptible descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada prevails in exports structure, resulting at X tons, which was near X% of total exports in 2021. It was distantly followed by the United States (X tons), making up a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to nickel exports from Canada stood at -X%. The United States experienced a relatively flat trend pattern. While the share of the United States (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-X p.p.) displayed negative dynamics.

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

In Canada, nickel exports plunged by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Nickel Imports

Imports in Northern America

In 2021, approx. X tons of nickel were imported in Northern America; shrinking by -X% against 2020. Over the period under review, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, nickel imports soared to $X in 2021. In general, imports showed a pronounced decline. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main importer of nickel in Northern America, constituting X% of total import.

The United States was also the fastest-growing in terms of the nickel imports, with a CAGR of -X% from 2012 to 2021. 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 in Northern America.

In the United States, nickel imports shrank by an average annual rate of -X% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Canada remains the largest nickel consuming country in Northern America, accounting for 99.9% of total volume.
The countries with the highest volumes of production in 2022 were the United States and Canada.
In value terms, Canada remains the largest nickel supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by the United States, with an 8.2% share of total exports.
In value terms, the United States constitutes the largest market for imported unwrought nickel in Northern America, comprising 99% of total imports. The second position in the ranking was taken by Canada, with a 1.4% share of total imports.
The export price in Northern America stood at $25,857 per ton in 2022, surging by 37% against the previous year.
The import price in Northern America stood at $24,865 per ton in 2022, growing by 41% against the previous year.

This report provides an in-depth analysis of the nickel market in Northern America. 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 24451100 - Nickel, unwrought
  • Prodcom 24451110 -
  • Prodcom 24451120 -

Country coverage:

  • Bermuda
  • Canada
  • Greenland
  • Saint Pierre and Miquelon
  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Northern America, split by region and country
  • Trade (exports and imports) in Northern America
  • 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:

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

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Bermuda
    • Canada
    • Greenland
    • Saint Pierre and Miquelon
    • United States

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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