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Report World - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Global Nickel Ore Market 2024

Nickel Ore Market Size

The global nickel ore market expanded significantly to $X in 2021, increasing by 11% against the previous year. Over the period under review, consumption showed a deep setback. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nickel Ore Production

In value terms, nickel ore production totaled $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43%. Global production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Nickel Ore Exports

Exports

For the third consecutive year, the global market recorded growth in shipments abroad of nickel ores and concentrates, which increased by 12% to X tons in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 64% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the global exports remained at a lower figure.

In value terms, nickel ore exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 35%. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines prevails in exports structure, recording X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Guatemala (X tons), generating a 5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to nickel ore exports from the Philippines stood at +4.7%. At the same time, Guatemala (+33.5%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.5% from 2012-2021. While the share of Guatemala (+4.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) remains the largest nickel ore supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Guatemala ($X), with a 2.6% share of global exports.

In the Philippines, nickel ore exports expanded at an average annual rate of +9.2% over the period from 2012-2021.

Export Prices by Country

The average nickel ore export price stood at $X per ton in 2021, surging by 16% against the previous year. In general, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the Philippines stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.4%).

Nickel Ore Imports

Imports

Global nickel ore imports rose notably to X tons in 2021, surging by 7% on the previous year. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of 59%. Over the period under review, global imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, nickel ore imports soared to $X in 2021. Overall, imports, however, recorded a mild downturn. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China dominates imports structure, accounting for X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Japan (X tons), creating a 6.4% share of total imports. Ukraine (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -3.2% from 2012 to 2021. Ukraine (-1.8%) and Japan (-4.5%) illustrated a downward trend over the same period. While the share of China (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported nickel ores and concentrates worldwide, comprising 75% of global imports. The second position in the ranking was held by Japan ($X), with a 4.7% share of global imports.

In China, nickel ore imports plunged by an average annual rate of -1.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-2.3% per year) and Ukraine (-6.1% per year).

Import Prices by Country

In 2021, the average nickel ore import price amounted to $X per ton, picking up by 35% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nickel ore import price increased by +65.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Ukraine ($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 (+2.2%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the Philippines and Indonesia, together accounting for 98% of global consumption.
The Philippines remains the largest nickel ore producing country worldwide, comprising approx. 65% of total volume. Moreover, nickel ore production in the Philippines exceeded the figures recorded by the second-largest producer, Indonesia, twofold.
In value terms, the Philippines, Indonesia and Russia were the countries with the highest levels of exports in 2021, together comprising 62% of global exports.
In value terms, China constitutes the largest market for imported nickel ores and concentrates worldwide, comprising 76% of global imports. The second position in the ranking was occupied by North Macedonia, with a 2% share of global imports.
In 2021, the average nickel ore export price amounted to $1,226 per ton, shrinking by -22.6% against the previous year.
In 2021, the average nickel ore import price amounted to $96 per ton, dropping by -3.7% against the previous year.

This report provides an in-depth analysis of the global nickel ore market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 07291200 - Nickel ores and concentrates

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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