Russian Federation: Nickel Powder Market 2024

Nickel Powder Market Size in the Russian Federation

In 2021, after three years of decline, there was significant growth in the Russian nickel powder market, when its value increased by 28% to $X. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Nickel Powder Production in the Russian Federation

In value terms, nickel powder production rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 4.2%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Nickel Powder Exports

Exports from the Russian Federation

After three years of growth, overseas shipments of nickel powders and flakes decreased by -28% to X tons in 2021. Over the period under review, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of 306%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, nickel powder exports fell remarkably to $X in 2021. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when exports increased by 308% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Italy (X tons) and the United States (X tons) were the main destinations of nickel powder exports from Russia, together accounting for 87% 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 Italy (with a CAGR of +356.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel powder exported from Russia were China ($X), Italy ($X) and the United States ($X), together accounting for 86% of total exports.

Italy, with a CAGR of +323.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, rising by 16% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.7%), while the prices for the other major destinations experienced mixed trend patterns.

Nickel Powder Imports

Imports into the Russian Federation

In 2021, supplies from abroad of nickel powders and flakes decreased by -9.1% to X tons, falling for the third consecutive year after three years of growth. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2014 when imports increased by 622% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, nickel powder imports declined modestly to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 667% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada (X tons), Finland (X tons) and the UK (X tons) were the main suppliers of nickel powder imports to Russia, with a combined 61% share of total imports. These countries were followed by Ireland, Belgium, the United States, Germany and Belarus, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +88.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Canada ($X) and the UK ($X) constituted the largest nickel powder suppliers to Russia, with a combined 58% share of total imports. These countries were followed by Finland, Belgium, the United States, Germany and Belarus, which together accounted for a further 35%.

Finland, with a CAGR of +83.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nickel powder import price amounted to $X per ton, increasing by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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