France: Nickel Market 2024

Nickel Market Size in France

The French nickel market skyrocketed to $X in 2022, picking up by 53% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +91.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nickel Production in France

In value terms, nickel production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 140% against the previous year. Nickel production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nickel Exports

Exports from France

In 2022, after three years of growth, there was significant decline in overseas shipments of nickel (unwrought), when their volume decreased by -28.8% to X tons. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 115%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel exports shrank to $X in 2022. Overall, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2019 when exports increased by 67%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for nickel exports from France, with a 41% share of total exports. Moreover, nickel exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+42.4% per year) and Spain (+13.9% per year).

In value terms, Germany ($X), Austria ($X) and Spain ($X) constituted the largest markets for nickel exported from France worldwide, with a combined 54% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +46.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nickel export price amounted to $X per ton, jumping by 32% against the previous year. Over the period under review, the export price showed a slight increase. The growth pace was the most rapid in 2018 an increase of 49%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Imports

Imports into France

Nickel imports into France was estimated at X tons in 2022, picking up by 3.8% against 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 48%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel imports skyrocketed to $X in 2022. In general, imports posted a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Luxembourg (X tons) constituted the largest nickel supplier to France, with a 47% share of total imports. Moreover, nickel imports from Luxembourg exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Luxembourg totaled +73.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.6% per year) and Germany (+9.7% per year).

In value terms, Luxembourg ($X) constituted the largest supplier of nickel (unwrought) to France, comprising 50% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports. It was followed by the United States, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Luxembourg totaled +79.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+27.6% per year) and the United States (+0.2% per year).

Import Prices by Country

The average nickel import price stood at $X per ton in 2022, rising by 45% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel import price increased by +96.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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