Australia: Nickel Powder Market 2025

Nickel Powder Market Size in Australia

The Australian nickel powder market declined rapidly to $X in 2021, which is down by -91.7% against the previous year. Over the period under review, consumption continues to indicate a precipitous slump. Nickel powder consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Nickel Powder Production in Australia

In value terms, nickel powder production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Nickel Powder Exports

Exports from Australia

In 2021, nickel powder exports from Australia skyrocketed to X tons, picking up by 53% on the previous year. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 285% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, nickel powder exports soared to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 266% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for nickel powder exports from Australia, accounting for a 92% share of total exports. It was followed by Canada (X tons), with a 1.9% share of total exports. The UK (X tons) ranked third in terms of total exports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-6.5% per year) and the UK (-4.2% per year).

In value terms, China ($X) remains the key foreign market for nickel powders and flakes exports from Australia, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.8% share of total exports. It was followed by the UK, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +52.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-3.8% per year) and the UK (-3.7% per year).

Export Prices by Country

The average nickel powder export price stood at $X per ton in 2021, increasing by 36% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were China ($X per ton) and the United States ($X per ton), while the average price for exports to the UK ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Powder Imports

Imports into Australia

In 2021, imports of nickel powders and flakes into Australia contracted notably to X tons, which is down by -19.8% against the previous year's figure. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by 42%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, nickel powder imports reduced to $X in 2021. Over the period under review, imports recorded a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the UK (X tons) and Canada (X tons) were the main suppliers of nickel powder imports to Australia, together accounting for 54% of total imports. These countries were followed by China, the United States and Taiwan (Chinese), which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +54.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest nickel powder suppliers to Australia were Belgium ($X), the UK ($X) and Canada ($X), together comprising 53% of total imports. The United States, China and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

China, with a CAGR of +55.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average nickel powder import price amounted to $X per ton, growing by 11% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nickel powder import price increased by +48.3% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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