Report Update Nov 1, 2024

Brazil - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Brazil: Nickel Ore Market 2024

Nickel Ore Market Size in Brazil

In 2021, the Brazilian nickel ore market decreased by -26.2% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption, however, showed a strong increase. Nickel ore consumption peaked at $X in 2020, and then fell sharply in the following year.

Nickel Ore Production in Brazil

In value terms, nickel ore production fell to $X in 2021 estimated in export price. Overall, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 79%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Nickel Ore Exports

Exports from Brazil

In 2021, shipments abroad of nickel ores and concentrates increased by 124% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 422,994%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, nickel ore exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 707,665%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for nickel ore exports from Brazil, accounting for a 71% share of total exports. Moreover, nickel ore exports to China exceeded the volume sent to the second major destination, Finland (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +100.5%.

In value terms, China ($X) remains the key foreign market for nickel ores and concentrates exports from Brazil, comprising 70% of total exports. The second position in the ranking was taken by Finland ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +107.0%.

Export Prices by Country

The average nickel ore export price stood at $X per ton in 2021, growing by 36% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 67%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.2%).

Nickel Ore Imports

Imports into Brazil

In 2021, supplies from abroad of nickel ores and concentrates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 88,172%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, nickel ore imports skyrocketed to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 80,898% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest nickel ore supplier to Brazil, with a 53% share of total imports. Moreover, nickel ore imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+82.0% per year) and Canada (0.0% per year).

In value terms, Malaysia ($X), the Netherlands ($X) and Canada ($X) were the largest nickel ore suppliers to Brazil, with a combined 94% share of total imports. These countries were followed by the United States, which accounted for a further 6.2%.

The United States, with a CAGR of +148.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nickel ore import price stood at $X per ton in 2021, increasing by 101% against the previous year. In general, the import price recorded a perceptible expansion. The growth pace was the most rapid in 2015 when the average import price increased by 1,235%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the nickel ore market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291200 - Nickel ores and concentrates

Country coverage:

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023