Asia-Pacific: Nickel Powder Market 2024

Nickel Powder Market Size in Asia-Pacific

In 2021, the Asia-Pacific nickel powder market decreased by -1.3% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Nickel Powder Production in Asia-Pacific

In value terms, nickel powder production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of 16%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Nickel Powder Exports

Exports in Asia-Pacific

Nickel powder exports surged to X tons in 2021, growing by 50% compared with 2020 figures. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 148% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, nickel powder exports soared to $X in 2021. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was approx. 86% of total exports in 2021. It was distantly followed by China (X tons) and Japan (X tons), together comprising a 12% share of total exports.

Australia was also the fastest-growing in terms of the nickel powders and flakes exports, with a CAGR of +24.7% from 2012 to 2021. At the same time, China (+11.5%) and Japan (+7.2%) displayed positive paces of growth. While the share of Australia (+24 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-6.7 p.p.) and Japan (-9.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest nickel powder supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +28.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+3.6% per year) and China (+14.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 20% against the previous year. Overall, the export price, however, showed a noticeable decline. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Nickel Powder Imports

Imports in Asia-Pacific

In 2021, the amount of nickel powders and flakes imported in Asia-Pacific surged to X tons, growing by 21% compared with 2020 figures. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 89% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, nickel powder imports surged to $X in 2021. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 72%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

China was the key importer of nickel powders and flakes in Asia-Pacific, with the volume of imports reaching X tons, which was approx. 62% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons), together comprising a 34% 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. From 2012 to 2021, the share of China increased by +35 percentage points.

In value terms, China ($X) constitutes the largest market for imported nickel powders and flakes in Asia-Pacific, comprising 57% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Japan, with an 11% share.

In China, nickel powder imports expanded 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

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 8.7% against the previous year. Overall, the import price, however, saw a perceptible decrease. The level of import peaked 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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