Czech Republic: Nickel Market 2022

Nickel Market Size in the Czech Republic

The Czech nickel market surged to $X in 2021, increasing by X% 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). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Nickel Exports

Exports from the Czech Republic

After two years of decline, shipments abroad of nickel increased by X% to X tons in 2021. Over the period under review, exports, however, faced a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, nickel exports declined slightly to $X in 2021. Overall, exports, however, recorded a sharp curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for nickel exports from the Czech Republic, accounting for a X% share of total exports. Moreover, nickel exports to France exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. Slovakia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Slovakia (-X% per year).

In value terms, France ($X) emerged as the key foreign market for nickel exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Slovakia (-X% per year).

Export Prices by Country

In 2021, the average nickel export price amounted to $X per ton, waning by -X% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($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 Poland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Imports

Imports into the Czech Republic

Nickel imports into the Czech Republic rose notably to X tons in 2021, growing by X% against the year before. In general, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, nickel imports surged to $X in 2021. Overall, imports, however, saw a noticeable decrease. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of nickel to the Czech Republic, with a X% share of total imports. Moreover, nickel imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+X% per year) and the UK (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of nickel to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Finland ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2021, the average nickel import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the UK ($X per ton) and Italy ($X per ton), while the price for Poland ($X per ton) and Finland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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