Eastern Asia: Nickel Ore Market 2020

Nickel Ore Market Size in Eastern Asia

The revenue of the nickel ore market in Eastern Asia amounted to $X in 2017, going up 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). The nickel ore consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2011, when market value increased by X% year-to-year. Over the period under review, the nickel ore market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Nickel Ore Exports

Exports in Eastern Asia

In 2017, the amount of nickel ores and concentrates exported in Eastern Asia totaled X tons, growing by X% against the previous year. The nickel ore exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the nickel ore exports attained its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, nickel ore exports totaled $X in 2017. The nickel ore exports continue to indicate a prominent growth. Over the period under review, the nickel ore exports attained its maximum level in 2017, and are likely to see steady growth in the near future.

Exports by Country

South Korea dominates nickel ore exports structure, finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by China (X tons) and Japan (X tons), together creating X% share of total exports. China, Hong Kong SAR (X tons) occupied the minor share of total exports.

Exports from South Korea increased at an average annual rate of +X% from 2007 to 2017. At the same time, China (+X%), Japan (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. China, Hong Kong SAR (-X%), Japan (-X%), China (-X%) and South Korea (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel ore markets worldwide were South Korea ($X), China ($X) and China, Hong Kong SAR ($X), together accounting for X% of total exports.

Among the main exporting countries, China (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the nickel ore export price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. The nickel ore export price continues to indicate a noticeable drop. The pace of growth appeared the most rapid in 2013, an increase of X% against the previous year. In that year, the export prices for nickel ores and concentrates reached their peak level of $X per ton. From 2014 to 2017, growth of the export prices for nickel ores and concentrates stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China, Hong Kong SAR ($X per ton), while South Korea ($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 Japan (-X% per year), while the other leaders experienced a decline in the export price figures.

Nickel Ore Imports

Imports in Eastern Asia

In 2017, the amount of nickel ores and concentrates imported in Eastern Asia amounted to X tons, declining by -X% against the previous year. The nickel ore imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. Over the period under review, the nickel ore imports reached its peak figure volume of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, nickel ore imports totaled $X in 2017. The nickel ore imports continue to indicate a mild decline. Over the period under review, the nickel ore imports reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, China (X tons) and South Korea (X tons) were the key importers of nickel ores and concentrates in the globe, together generating X% of total imports. It was distantly followed by Japan (X tons), mixed up X% share of total imports. China, Hong Kong SAR (X tons) followed a long way behind the leaders.

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 mixed trends in the imports figures.

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

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

Import Prices by Country

The nickel ore import price in Eastern Asia stood at $X per ton in 2017, going up by X% against the previous year. The nickel ore import price continues to indicate a strong expansion. The growth pace was the most rapid in 2010, when the import prices increased by X% against the previous year. Over the period under review, the import prices for nickel ores and concentrates reached its peak figure level of $X per ton in 2013; however, from 2014 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 ($X per ton), while South Korea ($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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