Indonesia: Nickel Matte Market 2025

Nickel Matte Market Size in Indonesia

In 2022, after six years of growth, there was significant decline in the Indonesian nickel matte market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a significant decline. Over the period under review, the market attained the peak level at $X in 2021, and then contracted dramatically in the following year.

Nickel Matte Production in Indonesia

In value terms, nickel matte production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Nickel Matte Exports

Exports from Indonesia

In 2022, approx. X tons of nickel mattes were exported from Indonesia; picking up by X% against the previous year. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel matte exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), China (X tons) and Canada (X tons) were the main destinations of nickel matte exports from Indonesia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for nickel mattes exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Canada (X% per year).

Export Prices by Country

The average nickel matte export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked 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 Japan ($X per ton), while the average price for exports to China ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Matte Imports

Imports into Indonesia

In 2022, approx. X kg of nickel mattes were imported into Indonesia; picking up by X% on 2021 figures. Overall, imports posted a buoyant expansion. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel matte imports contracted modestly to $X in 2022. In general, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X kg) was the main supplier of nickel matte to Indonesia, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to X%.

In value terms, Singapore ($X) constituted the largest supplier of nickel mattes to Indonesia.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled X%.

Import Prices by Country

The average nickel matte import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Source: IndexBox Platform