Asia: Nickel Powder Market 2024

Nickel Powder Market Size in Asia

The Asian nickel powder market surged to $X in 2021, growing by 23% against the previous year. Over the period under review, consumption showed prominent growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Nickel Powder Production in Asia

In value terms, nickel powder production contracted slightly to $X in 2021 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 622%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Nickel Powder Exports

Exports in Asia

In 2021, exports of nickel powders and flakes in Asia surged to X tons, with an increase of 32% compared with the previous year. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, nickel powder exports surged to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Japan (X tons) dominates exports structure, together generating 87% of total exports. The following exporters - South Korea (X tons), Turkey (X tons), Singapore (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) - together made up 11% of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel powder supplying countries in Asia were Japan ($X), China ($X) and Singapore ($X), together accounting for 96% of total exports. These countries were followed by Turkey, Malaysia, South Korea and Taiwan (Chinese), which together accounted for a further 3.4%.

Malaysia, with a CAGR of +26.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 5.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.6%), while the other leaders experienced more modest paces of growth.

Nickel Powder Imports

Imports in Asia

In 2021, approx. X tons of nickel powders and flakes were imported in Asia; picking up by 21% against the previous year. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 89%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, nickel powder imports surged to $X in 2021. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 72%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China was the main importing country with an import of about X tons, which recorded 61% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons), together generating a 33% share of total imports.

China was also the fastest-growing in terms of the nickel powders and flakes imports, with a CAGR of +24.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+11.6%) and South Korea (+11.5%) displayed positive paces of growth. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. While the share of China (+34 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-1.9 p.p.), South Korea (-2 p.p.) and Japan (-26.5 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported nickel powders and flakes in Asia, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total imports. It was followed by Japan, with an 11% share.

In China, nickel powder imports increased at an average annual rate of +22.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+5.1% per year) and Japan (-2.0% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 9% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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