Eastern Asia: Nickel Matte Market 2024

Nickel Matte Market Size in Eastern Asia

In 2022, the East Asian nickel matte market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Nickel Matte Production in Eastern Asia

In value terms, nickel matte production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Nickel Matte Exports

Exports in Eastern Asia

In 2022, approx. X tons of nickel mattes were exported in Eastern Asia; with an increase of X% on the previous year's figure. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel matte exports fell significantly to $X in 2022. In general, exports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

South Korea prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. The following exporters - Japan (X kg) and Taiwan (Chinese) (X kg) - each recorded a X% share of total exports.

South Korea was also the fastest-growing in terms of the nickel mattes exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) remains the largest nickel matte supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Nickel Matte Imports

Imports in Eastern Asia

In 2022, supplies from abroad of nickel mattes decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports saw a slight setback. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel matte imports skyrocketed to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Japan (X tons) represented the main importer of nickel mattes, generating X% of total imports. It was distantly followed by China (X tons), making up a X% share of total imports.

Japan was also the fastest-growing in terms of the nickel mattes imports, with a CAGR of X% from 2012 to 2022. China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan increased by X percentage points.

In value terms, Japan ($X) constitutes the largest market for imported nickel mattes in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Japan totaled X%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted tangible growth. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Source: IndexBox Platform