Puerto Rico: Nickel Powder Market 2024

Nickel Powder Market Size in Puerto Rico

The Puerto Rican nickel powder market was estimated at less than $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). Overall, consumption continues to indicate a relatively flat trend pattern.

Nickel Powder Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of nickel powders and flakes were exported from Puerto Rico; leveling off at 2020 figures. In general, exports recorded a relatively flat trend pattern.

In value terms, nickel powder exports totaled less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

Australia represented the main exporting country with an export of around X tons, which reached 44% of total exports. It was distantly followed by Canada (X tons), the UK (X tons) and Finland (X tons), together constituting a 37% share of total exports. The following exporters - China (X tons), Japan (X tons), Russia (X tons), Germany (X tons), the Netherlands (X tons), the United States (X tons) and Belgium (X tons) - together made up 16% of total exports.

From 2012 to 2021, average annual rates of growth with regard to nickel powder exports from Australia stood at +24.7%. At the same time, Finland (+53.7%), the Netherlands (+44.6%), China (+11.5%), Germany (+10.1%), Japan (+7.2%), Canada (+3.2%), the UK (+3.0%) and the United States (+1.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.7% from 2012-2021. By contrast, Belgium (-2.0%) and Russia (-4.5%) illustrated a downward trend over the same period. Australia (+30 p.p.), Finland (+5.7 p.p.) and the Netherlands (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Belgium, Russia, the UK and Canada saw its share reduced by -2.2%, -2.4%, -5.8%, -7.7% and -15.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel powder supplying countries from Puerto Rico were Australia ($X), Canada ($X) and the UK ($X), with a combined 63% share of total exports. These countries were followed by Japan, China, Finland, Germany, the United States, Russia, the Netherlands and Belgium, which together accounted for a further 33%.

In terms of the main exporting countries, Finland, with a CAGR of +51.6%, recorded 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

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern.

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 Japan ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the other leaders experienced more modest paces of growth.

Nickel Powder Imports

Imports into Puerto Rico

Nickel powder imports into Puerto Rico was estimated at less than X kg in 2021, approximately mirroring 2020. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, nickel powder imports amounted to less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

China represented the major importer of nickel powders and flakes in the world, with the volume of imports finishing at X tons, which was near 43% of total imports in 2021. It was distantly followed by the United States (X tons), Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons), together committing a 35% share of total imports. Sweden (X tons), Germany (X tons), the Netherlands (X tons), Canada (X tons), France (X tons), Belgium (X tons) and Brazil (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the nickel powders and flakes imports, with a CAGR of +24.3% from 2012 to 2021. At the same time, the Netherlands (+22.1%), Taiwan (Chinese) (+11.6%), South Korea (+11.5%), the United States (+5.0%), France (+3.4%), Sweden (+2.4%), Germany (+1.4%) and Belgium (+1.0%) displayed positive paces of growth. Canada experienced a relatively flat trend pattern. By contrast, Japan (-1.7%) and Brazil (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the Netherlands increased by +30 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported nickel powders and flakes into Puerto Rico, comprising 38% of global imports. The second position in the ranking was held by South Korea ($X), with a 12% share of global imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +22.0%. In the other countries, the average annual rates were as follows: South Korea (+5.1% per year) and the United States (+3.7% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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