Italy: Nickel Matte Market 2024

Nickel Matte Market Size in Italy

The Italian nickel matte market dropped slightly to $X in 2022, approximately equating the previous year. In general, consumption saw a mild shrinkage. Nickel matte consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Nickel Matte Production in Italy

In value terms, nickel matte production reduced to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Nickel matte production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nickel Matte Exports

Exports from Italy

Nickel matte exports from Italy surged to X kg in 2022, jumping by X% on the previous year's figure. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel matte exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X kg) was the main destination for nickel matte exports from Italy, with a X% share of total exports. Moreover, nickel matte exports to New Zealand exceeded the volume sent to the second major destination, Japan (X kg), twofold. The United States (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

In value terms, the largest markets for nickel matte exported from Italy were New Zealand ($X), the UK ($X) and Switzerland ($X), together accounting for X% of total exports. The United States, Saudi Arabia, Vietnam and Japan lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nickel matte export price stood at $X per kg in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per kg in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to Japan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Matte Imports

Imports into Italy

In 2022, overseas purchases of nickel mattes decreased by X% to X kg, falling for the sixth consecutive year after three years of growth. Overall, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel matte imports totaled $X in 2022. Over the period under review, imports faced a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X kg) constituted the largest nickel matte supplier to Italy, with a X% share of total imports. Moreover, nickel matte imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X kg), sevenfold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

The average nickel matte import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform