Asia-Pacific: Nickel Market 2022

Nickel Market Size in Asia-Pacific

The Asia-Pacific nickel market soared to $X in 2021, growing by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Nickel Production in Asia-Pacific

In value terms, nickel production reached $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Production By Country in Asia-Pacific

The countries with the highest volumes of in 2021 were China (X tons), Indonesia (X tons) and Japan (X tons), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Nickel Exports

Exports in Asia-Pacific

In 2021, overseas shipments of nickel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a slight descent. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, nickel exports reached $X in 2021. Over the period under review, exports, however, saw a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) represented the key exporter of nickel, constituting X% of total exports. It was distantly followed by Japan (X tons), generating a X% share of total exports. China (X tons) occupied a little share of total exports.

Australia was also the fastest-growing in terms of the nickel exports, with a CAGR of +X% from 2012 to 2021. At the same time, Japan (+X%) displayed positive paces of growth. By contrast, China (-X%) illustrated a downward trend over the same period. Australia (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest nickel supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: Japan (+X% per year) and China (-X% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while Australia ($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 (-X%), while the other leaders experienced a decline in the export price figures.

Nickel Imports

Imports in Asia-Pacific

Nickel imports soared to X tons in 2021, jumping by X% on 2020. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, nickel imports skyrocketed to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, finishing at X tons, which was near X% of total imports in 2021. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), South Korea (X%) and Singapore (X%). Taiwan (Chinese) (X tons) occupied a little share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported nickel in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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