Mexico: Nickel Ore Market 2020

Nickel Ore Market Size in Mexico

The revenue of the nickel ore market in Mexico amounted to $X in 2017, going down by -X% against the previous year. Overall, nickel ore consumption continues to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2009, when it surged by X% year-to-year. Mexico nickel ore consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Nickel Ore Production in Mexico

In 2017, production of nickel ores and concentrates in Mexico stood at X tons, standing approx. at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Mexico nickel ore production peaked in 2017, and is expected to retain its growth in the near future.

Nickel Ore Exports from Mexico

In 2017, approx. X tons of nickel ores and concentrates were exported from Mexico; dropping by -X% against the previous year. In general, nickel ore exports continue to indicate a precipitous drop. The most prominent rate of growth was recorded in 2014, when exports increased by X% y-o-y. Mexico exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, nickel ore exports stood at $X in 2017. Overall, nickel ore exports continue to indicate a precipitous deduction. Over the period under review, the nickel ore exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Nickel Ore Exports by Country from Mexico

The Philippines represented the largest exporter of nickel ores and concentrates in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2017. It was distantly followed by Indonesia (X tons), New Caledonia (X tons), Australia (X tons) and Finland (X tons), together achieving X% share of total exports. The following exporters - Guatemala (X tons) and Canada (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest nickel ore supplier from Mexico, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by New Caledonia, with a X% share.

In Indonesia, nickel ore exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and New Caledonia (-X% per year).

Nickel Ore Export Prices by Country in Mexico

In 2017, the nickel ore export price in Mexico amounted to $X per ton, surging by X% against the previous year. Overall, the export price indicated a mild expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the nickel ore export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Mexico export price peaked in 2017, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Finland (+X% per year), while the other leaders experienced more modest paces of growth.

Nickel Ore Imports by Country into Mexico

China (X tons) and South Korea (X tons) represented the largest importers of nickel ores and concentrates in 2017, finishing at near X% and X% of total imports, respectively. Japan (X tons) ranks second in terms of the global imports with a X% share, followed by Ukraine (X%) and Macedonia (X%). Greece (X tons) and China, Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported nickel ores and concentrates into Mexico, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (-X% per year).

Nickel Ore Import Prices by Country in Mexico

In 2017, the nickel ore import price in Mexico amounted to $X per ton, approximately mirroring by -% against the previous year. Over the period from 2007 to 2017, it decreased at an average annual rate of nan%. The pace of growth was the most pronounced in 2008, when it surged by -% against the previous year.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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