Philippines: Nickel Ore Market 2020

Nickel Ore Market Size in the Philippines

The revenue of the nickel ore market in the Philippines amounted to $X in 2017, shrinking by -X% against the previous year. Overall, nickel ore consumption continues to indicate a deep deduction. The pace of growth was the most pronounced in 2015, with an increase of X% y-o-y. Over the period under review, the nickel ore market reached its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Nickel Ore Production in the Philippines

Nickel ore production in the Philippines totaled X tons in 2017, growing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2012, when it surged by X% against the previous year. Over the period under review, the nickel ore production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Nickel Ore Exports in the Philippines

In 2017, approx. X tons of nickel ores and concentrates were exported from the Philippines; rising by X% against the previous year. Overall, nickel ore exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. The Philippines exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, nickel ore exports totaled $X in 2017. Overall, nickel ore exports continue to indicate a prominent increase. Over the period under review, the nickel ore exports reached its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Nickel Ore Exports by Country in the Philippines

In 2017, the Philippines (X tons) was the major exporter for nickel ores and concentrates, achieving X% of total exports. Indonesia (X tons) took the second position in the ranking, followed by New Caledonia (X tons), Australia (X tons) and Finland (X tons). All these countries together held approx. X% share of total exports. The following exporters - Guatemala (X tons) and Canada (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest nickel ore supplier from the Philippines, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by New Caledonia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Indonesia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and New Caledonia (-X% per year).

Nickel Ore Export Prices by Country in the Philippines

In 2017, the nickel ore export price in the Philippines amounted to $X per ton, reducing by -X% against the previous year. In general, nickel ore export price continues to indicate an abrupt deduction. Over the period under review, the export prices for nickel ores and concentrates reached its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Indonesia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Finland (+X% per year), while the other leaders experienced more modest paces of growth.

Nickel Ore Imports in the Philippines

In 2017, the amount of nickel ores and concentrates imported into the Philippines stood at X tons, rising by X% against the previous year. In general, nickel ore imports continue to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the nickel ore imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, nickel ore imports amounted to $X in 2017. Overall, nickel ore imports continue to indicate a skyrocketing increase. In that year, the nickel ore imports attained their peak level, and are likely to continue its growth in the immediate term.

Nickel Ore Imports by Country in the Philippines

China (X tons) and South Korea (X tons) represented roughly X% of total imports of nickel ores and concentrates in 2017. It was distantly followed by Japan (X tons), Ukraine (X tons) and Macedonia (X tons), together committing X% share of total imports. Greece (X tons) and China, Hong Kong SAR (X tons) took the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported nickel ores and concentrates into the Philippines, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (-X% per year).

Nickel Ore Import Prices by Country in the Philippines

The nickel ore import price in the Philippines stood at $X per ton in 2017, surging by X% against the previous year. Overall, nickel ore import price continues to indicate a strong growth. The growth pace was the most rapid in 2011, when the import prices increased by X% against the previous year. Over the period under review, the import prices for nickel ores and concentrates reached its maximum level in 2017, and is likely to see steady growth in the near future.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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