Germany: Nickel Market 2022

Nickel Market Size in Germany

In 2021, the German nickel market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Nickel Production in Germany

In value terms, nickel production fell to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then shrank in the following year.

Nickel Exports

Exports from Germany

In 2021, the amount of nickel exported from Germany declined to X tons, with a decrease of -X% against the previous year's figure. Overall, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, nickel exports shrank to $X in 2021. In general, exports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

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

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

Export Prices by Country

The average nickel export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X%. 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 stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($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 the Netherlands (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Nickel Imports

Imports into Germany

In 2021, overseas purchases of nickel were finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, nickel imports soared to $X in 2021. In general, imports, however, showed a pronounced downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of nickel imports to Germany, with a combined X% share of total imports. Luxembourg, the UK and Slovenia lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Slovenia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Russia ($X) and Belgium ($X) appeared to be the largest nickel suppliers to Germany, together accounting for X% of total imports. Luxembourg, the UK and Slovenia lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nickel import price stood at $X per ton in 2021, rising by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Slovenia ($X per ton) and Luxembourg ($X per ton), while the price for Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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