Belgium: Nickel Market 2022

Nickel Market Size in Belgium

The Belgian nickel market soared to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nickel Exports

Exports from Belgium

In 2021, the amount of nickel exported from Belgium reduced to X tons, with a decrease of -X% against the previous year. In general, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, nickel exports rose remarkably to $X in 2021. Overall, exports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of nickel exports from Belgium, with a combined X% share of total exports. Austria, Slovenia, the United States and the UK lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Slovenia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the largest markets for nickel exported from Belgium worldwide, together accounting for X% of total exports. These countries were followed by Austria, Slovenia, the United States and the UK, which together accounted for a further X terms of the main countries of destination, Slovenia, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nickel export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were the UK ($X per ton) and Italy ($X per ton), while the average price for exports to Slovenia ($X per ton) and France ($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 UK (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Nickel Imports

Imports into Belgium

In 2021, approx. X tons of nickel were imported into Belgium; surging by X% on the year before. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, nickel imports soared to $X in 2021. In general, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Canada (X tons) and the UK (X tons) were the main suppliers of nickel imports to Belgium, with a combined X% share of total imports. Brazil and Germany lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel suppliers to Belgium were the Netherlands ($X), Canada ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by Germany and Brazil, which together accounted for a further X the main suppliers, Brazil, with a CAGR of +X%, saw the highest growth rate of 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

The average nickel import price stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Brazil ($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 (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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