Report Update Nov 1, 2024

Colombia - Nickel Powders and Flakes - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Nickel Powder Market 2024

Nickel Powder Market Size in Colombia

The Colombian nickel powder market surged to $X in 2021, growing by 62% 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). In general, consumption posted a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Nickel Powder Exports

Exports from Colombia

In 2019, approx. X kg of nickel powders and flakes were exported from Colombia; stabilizing at the previous year. Overall, exports showed a prominent increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, nickel powder exports stood at $X in 2019. In general, exports recorded a significant expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2019 and are likely to continue growth in years to come.

Exports by Country

Indonesia (X kg) was the main destination for nickel powder exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Indonesia was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Indonesia was relatively modest.

Export Prices by Country

In 2019, the average nickel powder export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2019 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2019, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Nickel Powder Imports

Imports into Colombia

Nickel powder imports into Colombia soared to X tons in 2021, rising by 49% compared with the previous year. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 251%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nickel powder imports soared to $X in 2021. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 231%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), South Africa (X tons) and Turkey (X kg) were the main suppliers of nickel powder imports to Colombia, with a combined 69% share of total imports. These countries were followed by Chile, Canada, Germany and the UK, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of nickel powders and flakes to Colombia, comprising 39% of total imports. The second position in the ranking was taken by South Africa ($X), with a 10% share of total imports. It was followed by Turkey, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-1.7% per year) and Turkey (-6.9% per year).

Import Prices by Country

The average nickel powder import price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2020 an increase of 17%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Africa ($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 UK (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel powders and flakes in the world?

The countries with the highest volumes of nickel powder consumption in 2020 were China, Canada and South Korea, with a combined 51% share of global consumption. These countries were followed by Australia, the UK, Taiwan Chinese), Russia, Japan, the U.S., Denmark and Sweden, which together accounted for a further 42%.

What are the largest producers of nickel powders and flakes in the world?

The countries with the highest volumes of nickel powder production in 2020 were Australia, Canada and the UK, with a combined 80% share of global production. Russia, Finland and Denmark lagged somewhat behind, together comprising a further 16%.

What are the leading suppliers of nickel powders and flakes to Colombia?

In value terms, the U.S. constituted the largest supplier of nickel powder to Colombia, comprising 65% of total imports. The second position in the ranking was occupied by Germany, with a 21% share of total imports. It was followed by South Africa, with a 8.2% share.

What is the average export price for nickel powders and flakes in Colombia?

The average nickel powder export price stood at $68,200 per ton in 2019, almost unchanged from the previous year.

What is the average import price for nickel powders and flakes in Colombia?

In 2020, the average nickel powder import price amounted to $31,127 per ton, growing by 16% against the previous year.

This report provides an in-depth analysis of the nickel powder market in Colombia. 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 24452100 - Nickel powders and flakes (excluding nickel oxide sinters)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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