MENA: Nickel Powder Market 2025

Nickel Powder Market Size in MENA

The MENA's nickel powder market soared to $X in 2021, picking up by 38% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.2% against 2018 indices. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Nickel Powder Production in MENA

In value terms, nickel powder production reduced to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +41.4% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Nickel Powder Exports

Exports in MENA

In 2021, the amount of nickel powders and flakes exported in MENA soared to X tons, with an increase of 20% compared with the previous year's figure. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 68%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, nickel powder exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 90%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the largest exporter of nickel powders and flakes, comprising 67% of total exports. It was distantly followed by Morocco (X tons), mixing up a 28% share of total exports. The United Arab Emirates (X tons) and Israel (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the nickel powders and flakes exports, with a CAGR of +23.2% from 2012 to 2021. At the same time, Morocco (+16.4%) displayed positive paces of growth. By contrast, Israel (-1.7%) and the United Arab Emirates (-8.8%) illustrated a downward trend over the same period. While the share of Turkey (+32 p.p.) and Morocco (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-4.7 p.p.) and the United Arab Emirates (-18.3 p.p.) displayed negative dynamics.

In value terms, Turkey ($X), Morocco ($X) and Israel ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 98% of total exports.

Turkey, with a CAGR of +21.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2014 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.7%), while the other leaders experienced more modest paces of growth.

Nickel Powder Imports

Imports in MENA

In 2021, approx. X tons of nickel powders and flakes were imported in MENA; increasing by 38% compared with the previous year. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.2% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel powder imports soared to $X in 2021. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main importer of nickel powders and flakes, committing 49% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Israel (X tons) and Iran (X tons). All these countries together held near 46% share of total imports. Egypt (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to nickel powder imports into Turkey stood at +7.2%. At the same time, Egypt (+21.6%), the United Arab Emirates (+12.3%), Iran (+9.5%) and Israel (+8.5%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +21.6% from 2012-2021. While the share of the United Arab Emirates (+4.5 p.p.) and Egypt (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel powder importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 84% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +14.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, rising by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, import price reached 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 the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform