SADC: Nickel Matte Market 2024

Nickel Matte Market Size in SADC

After two years of decline, the SADC nickel matte market increased by X% to $X in 2022. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Nickel Matte Production in SADC

In value terms, nickel matte production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Nickel Matte Exports

Exports in SADC

In 2022, the amount of nickel mattes exported in SADC shrank to X tons, declining by X% compared with the year before. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel matte exports declined dramatically to $X in 2022. Over the period under review, exports, however, saw a measured increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Zimbabwe prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by South Africa (X tons), mixing up a X% share of total exports. Botswana (X tons) held a minor share of total exports.

Zimbabwe was also the fastest-growing in terms of the nickel mattes exports, with a CAGR of X% from 2012 to 2022. South Africa experienced a relatively flat trend pattern. Botswana (X%) illustrated a downward trend over the same period. While the share of Zimbabwe (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Botswana (X p.p.) displayed negative dynamics.

In value terms, Zimbabwe ($X) remains the largest nickel matte supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Zimbabwe amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed a significant increase. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced mixed trends in the export price figures.

Nickel Matte Imports

Imports in SADC

In 2022, purchases abroad of nickel mattes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a sharp downturn. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel matte imports dropped markedly to $X in 2022. Overall, imports faced a sharp downturn. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Angola was the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by South Africa (X kg), creating a X% share of total imports.

Angola was also the fastest-growing in terms of the nickel mattes imports, with a CAGR of X% from 2012 to 2022. South Africa (X%) illustrated a downward trend over the same period. Angola (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported nickel mattes in SADC, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports.

In Angola, nickel matte imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

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