Scandinavia: Nickel Powder Market 2025

Nickel Powder Market Size in Scandinavia

In 2021, the Scandinavia nickel powder market decreased by -8.6% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Nickel Powder Production in Scandinavia

In value terms, nickel powder production surged to $X in 2021 estimated in export price. Overall, production saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 250%. The level of production peaked in 2021 and is likely to continue growth in the near future.

Nickel Powder Exports

Exports in Scandinavia

Nickel powder exports surged to X tons in 2021, rising by 26% on the previous year's figure. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 165% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, nickel powder exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 198%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Finland prevails in exports structure, amounting to X tons, which was near 92% of total exports in 2021. It was distantly followed by Sweden (X tons), mixing up a 4.6% share of total exports. Denmark (X tons) took a little share of total exports.

Exports from Finland increased at an average annual rate of +53.7% from 2012 to 2021. At the same time, Denmark (+93.4%) and Sweden (+8.8%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +93.4% from 2012-2021. Finland (+45 p.p.) and Denmark (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -47.7% from 2012 to 2021, respectively.

In value terms, Finland ($X) remains the largest nickel powder supplier in Scandinavia, comprising 87% of total exports. The second position in the ranking was held by Denmark ($X), with a 6.3% share of total exports.

In Finland, nickel powder exports expanded at an average annual rate of +51.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+93.1% per year) and Sweden (+9.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, leveling off at the previous year. In general, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2014 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 Denmark ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.5%), while the other leaders experienced a decline in the export price figures.

Nickel Powder Imports

Imports in Scandinavia

In 2021, approx. X tons of nickel powders and flakes were imported in Scandinavia; which is down by -7.7% on 2020. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 53%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, nickel powder imports soared to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 64% 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

Sweden prevails in imports structure, accounting for X tons, which was approx. 94% of total imports in 2021. Norway (X tons) and Finland (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to nickel powder imports into Sweden stood at +2.4%. At the same time, Finland (+15.0%) and Norway (+9.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +15.0% from 2012-2021. While the share of Sweden (+3.4 p.p.), Norway (+1.8 p.p.) and Finland (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported nickel powders and flakes in Scandinavia, comprising 89% of total imports. The second position in the ranking was taken by Finland ($X), with a 6.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +1.8%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+15.2% per year) and Norway (+5.4% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 39% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform