Global Nickel Powder Market 2024

Nickel Powder Market Size

In 2023, after two years of growth, there was significant decline in the global nickel powder market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a resilient expansion. Over the period under review, the global market hit record highs at $X in 2022, and then reduced in the following year.

Nickel Powder Production

In value terms, nickel powder production contracted modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2022, and then reduced slightly in the following year.

Nickel Powder Exports

Exports

After two years of growth, overseas shipments of nickel powders and flakes decreased by X% to X tons in 2023. Overall, total exports indicated slight growth 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2022, and then fell notably in the following year.

In value terms, nickel powder exports dropped dramatically to $X in 2023. Over the period under review, exports, however, showed noticeable growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked at $X in 2022, and then declined notably in the following year.

Exports by Country

Canada represented the major exporting country with an export of about X tons, which amounted to X% of total exports. The UK (X tons) ranks second in terms of the total exports with a X% share, followed by the United States (X%), Russia (X%), China (X%) and Japan (X%). The Netherlands (X tons), Germany (X tons), Morocco (X tons), Belgium (X tons), Malaysia (X tons), Finland (X tons) and India (X tons) followed a long way behind the leaders.

Canada experienced a relatively flat trend pattern with regard to volume of exports of nickel powders and flakes. At the same time, India (X%), the Netherlands (X%), Finland (X%), Morocco (X%), Malaysia (X%), China (X%), Germany (X%), Japan (X%) and the United States (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The UK experienced a relatively flat trend pattern. By contrast, Belgium (X%) and Russia (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Morocco (X p.p.), China (X p.p.), Finland (X p.p.), Malaysia (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global exports, while Russia, the UK and Canada saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Canada amounted to X%. In the other countries, the average annual rates were as follows: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

The average nickel powder export price stood at $X per ton in 2023, picking up by X% against the previous year. In general, export price indicated modest 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 export price increased by X% against 2016 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while Morocco ($X per ton) was amongst the lowest.

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

Nickel Powder Imports

Imports

After two years of growth, overseas purchases of nickel powders and flakes decreased by X% to X tons in 2023. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Global imports peaked at X tons in 2022, and then shrank dramatically in the following year.

In value terms, nickel powder imports shrank sharply to $X in 2023. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, South Korea (X tons) and China (X tons) represented the largest importers of nickel powders and flakesacross the globe, together creating X% of total imports. The United States (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%). Canada (X tons), Belgium (X tons), Germany (X tons), Brazil (X tons), the Netherlands (X tons), Malaysia (X tons), Sweden (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest nickel powder importing markets worldwide were South Korea ($X), China ($X) and the United States ($X), with a combined X% share of global imports. Japan, Taiwan (Chinese), Germany, France, Canada, Brazil, the Netherlands, Belgium, Sweden and Malaysia lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average nickel powder import price amounted to $X per ton, approximately mirroring the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform