Report Update Nov 1, 2024

Russian Federation - Nickel (Unwrought) - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Nickel Market 2024

Nickel Market Size in the Russian Federation

In 2022, after five years of growth, there was significant decline in the Russian nickel market, when its value decreased by -17.1% to $X. Over the period under review, consumption, however, recorded temperate growth. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Nickel Production in the Russian Federation

In value terms, nickel production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 30%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nickel Exports

Exports from the Russian Federation

In 2022, approx. X tons of nickel (unwrought) were exported from Russia; growing by 99% against 2021. Over the period under review, exports, however, showed a deep downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, nickel exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for nickel exports from Russia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to -8.1%.

In value terms, the Netherlands ($X) also remains the key foreign market for nickel (unwrought) exports from Russia.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to -9.4%.

Export Prices by Country

In 2022, the average nickel export price amounted to $X per ton, shrinking by -16.2% against the previous year. Over the period under review, the export price saw a mild decline. The growth pace was the most rapid in 2021 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -1.4% per year.

Nickel Imports

Imports into the Russian Federation

In 2022, after four years of decline, there was significant growth in overseas purchases of nickel (unwrought), when their volume increased by 12% to X tons. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 352%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, nickel imports shrank modestly to $X in 2022. Over the period under review, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 270% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Norway (X tons) and Ukraine (X tons) were the main suppliers of nickel imports to Russia.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +174.8%).

In value terms, the largest nickel suppliers to Russia were Norway ($X) and Ukraine ($X).

In terms of the main suppliers, Ukraine, with a CAGR of +127.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average nickel import price stood at $X per ton in 2022, reducing by -13.1% against the previous year. In general, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32%. The import price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Ukraine totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, with a combined 32% share of global consumption. Indonesia, Nigeria, Turkey, Japan, the UK, South Korea, France, Poland, Sudan and Brazil lagged somewhat behind, together comprising a further 29%.

What are the largest producers of nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and China, with a combined 27% share of global production. These countries were followed by Indonesia, Nigeria, Australia, Turkey, Canada, the UK, Japan, Norway, Poland and South Africa, which together accounted for a further 34%.

What are the leading suppliers of nickel (unwrought) to the Russian Federation?

In value terms, Ukraine, Norway and the UK constituted the largest nickel suppliers to Russia, together comprising 75% of total imports.

What are the leading importers of nickel (unwrought) from the Russian Federation?

In value terms, the Netherlands remains the key foreign market for nickel exports from Russia.

What is the average export price for nickel (unwrought) in the Russian Federation?

The average nickel export price stood at $17,537 per ton in 2021, growing by 28% against the previous year.

What is the average import price for nickel (unwrought) in the Russian Federation?

The average nickel import price stood at $29,024 per ton in 2021, growing by 26% against the previous year.

This report provides an in-depth analysis of the nickel market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24451100 - Nickel, unwrought
Prodcom 24451110 -
Prodcom 24451120 -

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023