Africa: Nickel Market 2022

Nickel Market Size in Africa

In 2021, the African nickel market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded measured growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Nickel Production in Africa

In value terms, nickel production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Production By Country in Africa

The countries with the highest volumes of in 2021 were South Africa (X tons) and Madagascar (X tons).

From 2012 to 2021, the biggest increases were in Madagascar (with a CAGR of +X%).

Nickel Exports

Exports in Africa

In 2021, nickel exports in Africa reduced to X tons, falling by -X% compared with the year before. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, nickel exports reduced modestly to $X in 2021. Over the period under review, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Madagascar (X tons) was the key exporter of nickel, generating X% of total exports. It was distantly followed by South Africa (X tons), constituting a X% share of total exports.

Madagascar was also the fastest-growing in terms of the nickel exports, with a CAGR of +X% from 2012 to 2021. South Africa experienced a relatively flat trend pattern. percentage points. South Africa (-X p.p.) saw their shares reduced.

In value terms, Madagascar ($X) emerged as the largest nickel supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Madagascar stood at +X%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Madagascar amounted to $X per ton.

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

Nickel Imports

Imports in Africa

In 2021, approx. X tons of nickel were imported in Africa; dropping by -X% compared with the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, nickel imports expanded modestly to $X in 2021. Over the period under review, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Egypt (X tons) and Tunisia (X tons), together making up a X% share of total imports. Morocco (X tons) occupied a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to nickel imports into South Africa stood at -X%. At the same time, Egypt (+X%) and Tunisia (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2012-2021. By contrast, Morocco (-X%) illustrated a downward trend over the same period. Egypt (+X p.p.) significantly strengthened its position in terms of the total imports, while Morocco and South Africa saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel importing markets in Africa were South Africa ($X), Egypt ($X) and Tunisia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Tunisia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Tunisia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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