Middle East: Nickel Ore Market 2020

Nickel Ore Market Size in the Middle East

The revenue of the nickel ore market in Middle East amounted to $X in 2017, shrinking by -X% against the previous year. The nickel ore consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when market value increased by X% against the previous year. Over the period under review, the nickel ore market attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Nickel Ore Production in the Middle East

In 2017, approx. X tons of nickel ores and concentrates were produced in Middle East; increasing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. The volume of nickel ore production peaked in 2017, and is expected to retain its growth in the near future.

Nickel Ore Exports

Exports in the Middle East

In 2017, exports of nickel ores and concentrates in Middle East amounted to X tons, jumping by X% against the previous year. The nickel ore exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. Over the period under review, the nickel ore exports reached its maximum volume of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, nickel ore exports amounted to $X in 2017. The nickel ore exports continue to indicate a mild growth. In that year, the nickel ore exports attained their peak level of $X. From 2012 to 2017, growth of the nickel ore exports stood at a somewhat lower level.

Exports by Country

In 2017, Saudi Arabia (X tons) was the major exporter for nickel ores and concentrates, committing X% of total exports. It was distantly followed by Turkey (X tons), committing X% share 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 Saudi Arabia (+X% per year).

In value terms, Turkey ($X) remains the largest nickel ore supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports.

In Turkey, nickel ore exports remained relatively stable over the period from 2007-2017.

Export Prices by Country

In 2017, the nickel ore export price in Middle East amounted to $X per ton, picking up by X% against the previous year. The nickel ore export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when it surged by X% y-o-y. Over the period under review, the export prices for nickel ores and concentrates reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Turkey ($X per kg), while Saudi Arabia ($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 Turkey (+X% per year).

Nickel Ore Imports

Imports in the Middle East

In 2017, approx. X tons of nickel ores and concentrates were imported in Middle East; picking up by X% against the previous year. The nickel ore imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. Over the period under review, the nickel ore imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, nickel ore imports stood at $X in 2017. The nickel ore imports continue to indicate a deep drop. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Imports by Country

The United Arab Emirates prevails in nickel ore imports structure, reaching X tons, which was approx. X% of total imports in 2017. Iran (X tons) and Jordan (X tons) held the slight share of total imports.

The United Arab Emirates was also the fastest growing in terms of the nickel ores and concentrates imports, with a CAGR of +X% from 2007 to 2017. At the same time, Jordan (+X%) displayed positive paces of growth. By contrast, Iran (-X%) illustrated a downward trend over the same period. Iran (X%) significantly strengthened its position in terms of the global imports, while Jordan and the United Arab Emirates saw its share reduced by -X% and -X% from 2007 to 2017, respectively.

In value terms, the United Arab Emirates ($X), Iran ($X) and Jordan ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

The United Arab Emirates (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countriesover the last decade, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The nickel ore import price in Middle East stood at $X per ton in 2017, declining by -X% against the previous year. The nickel ore import price continues to indicate an outstanding expansion. The pace of growth was the most pronounced in 2008, when the import prices increased by X% y-o-y. The level of import price peaked of $X per kg in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Jordan ($X per kg), while the United Arab Emirates ($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 the United Arab Emirates (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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