China: Nickel Powder Market 2025

Nickel Powder Market Size in China

The Chinese nickel powder market skyrocketed to $X in 2021, growing by 81% 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 posted a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Nickel Powder Exports

Exports from China

Nickel powder exports from China skyrocketed to X tons in 2021, rising by 45% against 2020. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 108%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, nickel powder exports surged to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 103%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for nickel powder exports from China, accounting for a 38% share of total exports. Moreover, nickel powder exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was held by Canada (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.8% per year) and Canada (+7.2% per year).

In value terms, South Korea ($X) remains the key foreign market for nickel powders and flakes exports from China, comprising 68% of total exports. The second position in the ranking was held by Japan ($X), with a 7.4% share of total exports. It was followed by Taiwan (Chinese), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.4% per year) and Taiwan (Chinese) (+11.9% per year).

Export Prices by Country

The average nickel powder export price stood at $X per ton in 2021, surging by 13% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% 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 export price increased by +87.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 South Korea (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Nickel Powder Imports

Imports into China

Nickel powder imports into China soared to X tons in 2021, rising by 51% compared with the previous year's figure. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 189%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, nickel powder imports skyrocketed to $X in 2021. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 131% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest nickel powder supplier to China, accounting for a 79% share of total imports. Moreover, nickel powder imports from Australia exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.7% per year) and Russia (+20.2% per year).

In value terms, Australia ($X) constituted the largest supplier of nickel powders and flakes to China, comprising 76% of total imports. The second position in the ranking was held by the UK ($X), with a 7.6% share of total imports. It was followed by Russia, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia amounted to +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+8.1% per year) and Russia (+21.7% per year).

Import Prices by Country

In 2021, the average nickel powder import price amounted to $X per ton, picking up by 30% against the previous year. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($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 United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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