
ASEAN - Nickel (Unwrought) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingASEAN: Nickel Market 2025
Nickel Market Size in ASEAN
The ASEAN nickel market rose modestly to $X in 2022, with an increase of 2% against the previous year. Over the period under review, consumption recorded a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Nickel Production in ASEAN
In value terms, nickel production expanded modestly to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 53%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.
Nickel Exports
Exports in ASEAN
In 2022, approx. X tons of nickel (unwrought) were exported in ASEAN; with a decrease of -65% on the year before. In general, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2021 when exports increased by 395%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.
In value terms, nickel exports contracted significantly to $X in 2022. Over the period under review, exports, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2021 with an increase of 606% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.
Exports by Country
Singapore prevails in exports structure, resulting at X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Malaysia (X tons), comprising a 5.9% share of total exports. Indonesia (X tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to nickel exports from Singapore stood at +3.2%. At the same time, Indonesia (+32.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +32.1% from 2012-2022. By contrast, Malaysia (-1.8%) illustrated a downward trend over the same period. While the share of Indonesia (+3.1 p.p.) and Singapore (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-3.4 p.p.) displayed negative dynamics.
In value terms, Singapore ($X) remains the largest nickel supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 5% share of total exports.
From 2012 to 2022, the average annual growth rate of value in Singapore stood at +3.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-0.7% per year) and Indonesia (+27.4% per year).
Export Prices by Country
In 2022, the export price in ASEAN amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%), while the other leaders experienced a decline in the export price figures.
Nickel Imports
Imports in ASEAN
In 2022, nickel imports in ASEAN skyrocketed to X tons, with an increase of 18% compared with 2021. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 199%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
In value terms, nickel imports soared to $X in 2022. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 156% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, Singapore (X tons) represented the key importer of nickel (unwrought), mixing up 43% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a 26% share, followed by Thailand (13%), Indonesia (11%) and Vietnam (7.4%).
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +13.8%), while imports for the other leaders experienced mixed trends in the imports figures.
In value terms, Singapore ($X) constitutes the largest market for imported nickel (unwrought) in ASEAN, comprising 48% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by Thailand, with a 17% share.
From 2012 to 2022, the average annual growth rate of value in Singapore totaled -15.8%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-10.2% per year) and Thailand (-2.1% per year).
Import Prices by Country
The import price in ASEAN stood at $X per ton in 2022, surging by 16% against the previous year. In general, the import price saw a slight expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by 28% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the nickel market in ASEAN. 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:
- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ASEAN, split by region and country
- Trade (exports and imports) in ASEAN
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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