Colombia: Nickel Ore Market 2020

Nickel Ore Market Size in Colombia

The revenue of the nickel ore market in Colombia amounted to $X in 2017, growing by X% against the previous year. In general, nickel ore consumption continues to indicate an outstanding growth. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. Over the period under review, the nickel ore market attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Nickel Ore Production in Colombia

In 2017, approx. X tons of nickel ores and concentrates were produced in Colombia; leveling off at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Colombia nickel ore production peaked in 2017, and is expected to retain its growth in the near future.

Nickel Ore Exports from Colombia

In 2017, the amount of nickel ores and concentrates exported from Colombia amounted to X kg, dropping by -X% against the previous year. In general, nickel ore exports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2013, when exports increased by X% year-to-year. Over the period under review, the nickel ore exports attained its peak figure volume of X kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, nickel ore exports totaled $X in 2017. Overall, nickel ore exports continue to indicate a mild expansion. In that year, the nickel ore exports reached their peak level of $X. From 2014 to 2017, growth of the nickel ore exports failed to regain its momentum.

Nickel Ore Exports by Country from Colombia

The Philippines represented the major exporter of nickel ores and concentrates in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2017. Indonesia (X tons) ranks second in terms of the global exports with a X% share, followed by New Caledonia (X%), Australia (X%) and Finland (X%). Guatemala (X tons) and Canada (X tons) occupied the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest nickel ore supplier from Colombia, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by New Caledonia, with a X% share.

In Indonesia, nickel ore exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and New Caledonia (-X% per year).

Nickel Ore Export Prices by Country in Colombia

In 2017, the nickel ore export price in Colombia amounted to $X per ton, surging by X% against the previous year. In general, nickel ore export price continues to indicate a strong growth. The pace of growth was the most pronounced in 2017, an increase of X% year-to-year. In that year, the export prices for nickel ores and concentrates attained their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Finland (+X% per year), while the other leaders experienced more modest paces of growth.

Nickel Ore Imports into Colombia

In 2017, the amount of nickel ores and concentrates imported into Colombia totaled X tons, shrinking by -X% against the previous year. Overall, nickel ore imports continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. Colombia imports peaked of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, nickel ore imports totaled $X in 2017. Overall, nickel ore imports continue to indicate a deep downturn. Colombia imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Nickel Ore Imports by Country into Colombia

China (X tons) and South Korea (X tons) represented the major importers of nickel ores and concentrates in 2017, amounting to near X% and X% of total imports, respectively. It was distantly followed by Japan (X tons), Ukraine (X tons) and Macedonia (X tons), together generating X% share of total imports. Greece (X tons) and China, Hong Kong SAR (X tons) took the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported nickel ores and concentrates into Colombia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled -X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (-X% per year).

Nickel Ore Import Prices by Country in Colombia

The nickel ore import price in Colombia stood at $X per ton in 2017, dropping by -X% against the previous year. In general, nickel ore import price continues to indicate a deep decrease. The growth pace was the most rapid in 2013, an increase of X% year-to-year. Over the period under review, the import prices for nickel ores and concentrates attained its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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