Norway: Nickel Powder Market 2025

Nickel Powder Market Size in Norway

The Norwegian nickel powder market totaled $X in 2021, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Nickel Powder Exports

Exports from Norway

In 2021, overseas shipments of nickel powders and flakes were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Exports by Country

Germany (X tons), Denmark (X tons) and Belgium (X kg) were the main destinations of nickel powder exports from Norway, together comprising 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +76.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel powder exported from Norway were Germany ($X), Belgium ($X) and Denmark ($X), together accounting for 62% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +72.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nickel powder export price amounted to $X per ton, shrinking by -26.3% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nickel powder export price decreased by -42.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 103%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+27.7%), while the prices for the other major destinations experienced a decline.

Nickel Powder Imports

Imports into Norway

In 2021, approx. X tons of nickel powders and flakes were imported into Norway; with an increase of 14% compared with 2020 figures. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, nickel powder imports totaled $X in 2021. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Finland (X tons) constituted the largest nickel powder supplier to Norway, with a 47% share of total imports. Moreover, nickel powder imports from Finland exceeded the figures recorded by the second-largest supplier, Ireland (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Finland totaled +24.1%.

In value terms, Finland ($X) constituted the largest supplier of nickel powders and flakes to Norway, comprising 38% of total imports. The second position in the ranking was held by Ireland ($X), with a 3.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Finland stood at +21.3%.

Import Prices by Country

The average nickel powder import price stood at $X per ton in 2021, falling by -11.8% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Finland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-2.2%).

Source: IndexBox Platform

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