Brazil: Nickel Powder Market 2024

Nickel Powder Market Size in Brazil

The Brazilian nickel powder market soared to $X in 2021, jumping by 79% 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). Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nickel Powder Exports

Exports from Brazil

In 2021, the amount of nickel powders and flakes exported from Brazil skyrocketed to X tons, surging by 528% compared with 2020. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 3,175%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, nickel powder exports surged to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 4,289%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X kg), the United States (X kg) and Chile (X kg) were the main destinations of nickel powder exports from Brazil, together comprising 92% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for nickel powders and flakes exports from Brazil, comprising 54% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports. It was followed by Peru, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Peru (+21.1% per year).

Export Prices by Country

In 2021, the average nickel powder export price amounted to $X per ton, declining by -12.2% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth appeared the most rapid in 2020 an increase of 118% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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 Peru ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Powder Imports

Imports into Brazil

In 2021, approx. X tons of nickel powders and flakes were imported into Brazil; rising by 57% compared with 2020. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 111% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 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, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 125% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest nickel powder supplier to Brazil, with a 62% share of total imports. Moreover, nickel powder imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.4% per year) and the United States (+6.2% per year).

In value terms, Canada ($X) constituted the largest supplier of nickel powders and flakes to Brazil, comprising 47% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.4% per year) and Germany (+26.6% per year).

Import Prices by Country

In 2021, the average nickel powder import price amounted to $X per ton, increasing by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :