Report Update Jan 1, 2025

Saudi Arabia - Nickel - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Nickel Market 2022

Nickel Market Size in Saudi Arabia

In 2021, after four years of growth, there was significant decline in the Saudi nickel market, when its value decreased by -X% to $X. Overall, consumption, however, showed a significant increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Nickel Production in Saudi Arabia

In value terms, nickel production shrank to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Nickel Exports

Exports from Saudi Arabia

Nickel exports from Saudi Arabia reached X tons in 2021, picking up by X% against 2020 figures. Over the period under review, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, nickel exports shrank to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced in the following year.

Exports by Country

India (X tons) was the main destination for nickel exports from Saudi Arabia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India amounted to -X%.

In value terms, India ($X) also remains the key foreign market for nickel exports from Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled -X%.

Export Prices by Country

In 2021, the average nickel export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +X% per year.

Nickel Imports

Imports into Saudi Arabia

In 2021, approx. less than X kg of nickel were imported into Saudi Arabia; flattening at the previous year's figure. In general, imports recorded significant growth. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth imports failed to regain momentum.

In value terms, nickel imports totaled less than $X in 2021. Over the period under review, imports posted a significant increase. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2015, Japan (X tons) constituted the largest supplier of nickel to Saudi Arabia, with a X% share of total imports. Moreover, nickel imports from Japan exceeded the figures recorded by the second-largest supplier, Australia (X tons), sixfold.

From 2012 to 2015, the average annual rate of growth in terms of volume from Japan totaled +X%.

In value terms, Japan ($X) constituted the largest supplier of nickel to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports.

From 2012 to 2015, the average annual rate of growth in terms of value from Japan totaled +X%.

Import Prices by Country

The average nickel import price stood at $X per ton in 2015, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2015, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2015, the country with the highest price was Australia ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel in the world?

China constituted the country with the largest volume of nickel consumption, accounting for 37% of total volume. Moreover, nickel consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. Japan ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of nickel in the world?

The countries with the highest volumes of in 2021 were China, Indonesia and Russia, together accounting for 56% of global production.

What are the leading suppliers of nickel to Saudi Arabia?

In value terms, Japan constituted the largest supplier of nickel to Saudi Arabia, comprising 72% of total imports. The second position in the ranking was occupied by Australia, with a 14% share of total imports.

What are the leading importers of nickel from Saudi Arabia?

In value terms, India remains the key foreign market for nickel exports from Saudi Arabia.

What is the average export price for nickel in Saudi Arabia?

The average nickel export price stood at $7,222 per ton in 2021, reducing by -13.9% against the previous year.

What is the average import price for nickel in Saudi Arabia?

In 2015, the average nickel import price amounted to $13,590 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the nickel market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024