Middle East: Nickel Matte Market 2024

Nickel Matte Market Size in the Middle East

After two years of growth, the Middle Eastern nickel matte market decreased by X% to $X in 2022. Overall, consumption recorded a mild decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Nickel Matte Production in the Middle East

In value terms, nickel matte production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nickel Matte Exports

Exports in the Middle East

In 2022, shipments abroad of nickel mattes increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel matte exports skyrocketed to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and Iran (X tons) dominates exports structure, together achieving X% of total exports. The United Arab Emirates (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nickel matte supplying countries in the Middle East were Turkey ($X), Iran ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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 the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($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 Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Nickel Matte Imports

Imports in the Middle East

In 2022, supplies from abroad of nickel mattes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel matte imports skyrocketed to $X in 2022. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the main importer of nickel mattes, committing X% of total imports. It was distantly followed by Iran (X tons), creating a X% share of total imports. The following importers - Oman (X kg) and Israel (X kg) - each recorded a X% share of total imports.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) and Oman (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and Israel saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X), Iran ($X) and Oman ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform