Israel: Nickel Market 2022

Nickel Market Size in Israel

The Israeli nickel market soared to $X in 2021, rising by X% against the previous year. In general, consumption, however, showed a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nickel Production in Israel

In value terms, nickel production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Nickel Exports

Exports from Israel

In 2021, exports of nickel from Israel surged to X tons, rising by X% compared with the previous year's figure. Over the period under review, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel exports skyrocketed to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for nickel exports from Israel, accounting for a X% share of total exports. Moreover, nickel exports to the UK exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. South Africa (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and South Africa (+X% per year).

In value terms, the largest markets for nickel exported from Israel were the UK ($X), Turkey ($X) and South Africa ($X), together accounting for X% of total exports.

Among the main countries of destination, South Africa, with a CAGR of +X%, saw 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

The average nickel export price stood at $X per ton in 2021, declining by -X% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 South Africa (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Imports

Imports into Israel

In 2021, purchases abroad of nickel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of nickel to Israel, with a X% share of total imports. Moreover, nickel imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was occupied by Germany (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Germany (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of nickel to Israel, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average nickel import price stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price, however, saw a slight slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per ton) and the UK ($X per ton), while the price for Russia ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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