Hong Kong SAR, China: Nickel Powder Market 2025

Nickel Powder Market Size in Hong Kong SAR, China

The Hong Kong nickel powder market surged to $X in 2021, picking up by 254% against the previous year. In general, consumption showed modest growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Nickel Powder Production in Hong Kong SAR, China

In value terms, nickel powder production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9% against the previous year. Nickel powder production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Nickel Powder Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of nickel powders and flakes were exported from Hong Kong SAR; increasing by 151% on 2020 figures. Over the period under review, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2019 when exports increased by 776%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nickel powder exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 379%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Canada (X tons) and the United States (X kg) were the main destinations of nickel powder exports from Hong Kong SAR, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +616.9%), while the other leaders experienced a decline.

In value terms, China ($X), Canada ($X) and Japan ($X) constituted the largest markets for nickel powder exported from Hong Kong SAR worldwide, with a combined 100% share of total exports.

Canada, with a CAGR of +356.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average nickel powder export price stood at $X per ton in 2021, declining by -37% against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 165% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 United States (+24.8%), while the prices for the other major destinations experienced mixed trend patterns.

Nickel Powder Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of nickel powders and flakes increased by 191% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, nickel powder imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 80%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest nickel powder supplier to Hong Kong SAR, with a 60% share of total imports. Moreover, nickel powder imports from Malaysia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was held by China (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+51.1% per year) and China (-1.5% per year).

In value terms, Singapore ($X) constituted the largest supplier of nickel powders and flakes to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Malaysia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Singapore stood at +54.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.7% per year) and Malaysia (0.0% per year).

Import Prices by Country

The average nickel powder import price stood at $X per ton in 2021, waning by -45.6% against the previous year. In general, the import price showed a pronounced decrease. The growth pace was the most rapid in 2014 when the average import price increased by 85%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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