Eastern Asia: Nickel Powder Market 2025

Nickel Powder Market Size in Eastern Asia

The East Asian nickel powder market surged to $X in 2021, growing by 22% against the previous year. Overall, consumption showed a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Nickel Powder Production in Eastern Asia

In value terms, nickel powder production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 496,364% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Nickel Powder Exports

Exports in Eastern Asia

In 2021, exports of nickel powders and flakes in Eastern Asia skyrocketed to X tons, rising by 31% on the previous year. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 59%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, nickel powder exports skyrocketed to $X in 2021. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 39%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) and Japan (X tons) dominates exports structure, together constituting 94% of total exports. The following exporters - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up 5.5% of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99% share of total exports. Taiwan (Chinese) lagged somewhat behind, comprising a further 0.5%.

Taiwan (Chinese), with a CAGR of +20.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 6.1% against the previous year. In general, the export price, however, showed a slight downturn. The growth pace was the most rapid in 2018 when the export price increased by 35% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Nickel Powder Imports

Imports in Eastern Asia

Nickel powder imports surged to X tons in 2021, picking up by 20% on the year before. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, nickel powder imports surged to $X in 2021. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 74%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the key importer of nickel powders and flakes, making up 65% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 12% share, followed by South Korea (12%) and Japan (11%).

China was also the fastest-growing in terms of the nickel powders and flakes imports, with a CAGR of +24.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+11.6%) and South Korea (+11.5%) displayed positive paces of growth. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +35 percentage points.

In value terms, China ($X) constitutes the largest market for imported nickel powders and flakes in Eastern Asia, comprising 60% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +22.0%. In the other countries, the average annual rates were as follows: South Korea (+5.1% per year) and Japan (-2.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, increasing by 8.7% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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