Belarus: Nickel Powder Market 2025

Nickel Powder Market Size in Belarus

The Belarusian nickel powder market surged to $X in 2021, jumping by 28% against the previous year. In general, consumption showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Nickel Powder Production in Belarus

In value terms, nickel powder production totaled less than $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern.

Nickel Powder Exports

Exports from Belarus

Nickel powder exports from Belarus was estimated at X tons in 2021, flattening at the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 320%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, nickel powder exports stood at $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 94% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Russia (X tons) was the main destination for nickel powder exports from Belarus, with a 99% share of total exports. It was followed by Lithuania (X kg), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +34.3%.

In value terms, Russia ($X) remains the key foreign market for nickel powders and flakes exports from Belarus, comprising 97% of total exports. The second position in the ranking was held by Lithuania ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +25.0%.

Export Prices by Country

In 2021, the average nickel powder export price amounted to $X per ton, growing by 14% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 26%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-6.9%).

Nickel Powder Imports

Imports into Belarus

In 2021, the amount of nickel powders and flakes imported into Belarus plummeted to X tons, with a decrease of -50.3% against the previous year's figure. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when imports increased by 95% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, nickel powder imports surged to $X in 2021. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Canada (X tons) and the UK (X kg) were the main suppliers of nickel powder imports to Belarus, together comprising 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel powder suppliers to Belarus were Russia ($X), Canada ($X) and the UK ($X), with a combined 92% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nickel powder import price amounted to $X per ton, rising by 171% against the previous year. Over the period under review, the import price showed strong growth. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Lithuania ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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