South-Eastern Asia: Nickel Matte Market 2024

Nickel Matte Market Size in South-Eastern Asia

In 2022, the Southeast Asian nickel matte market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a deep reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Nickel Matte Production in South-Eastern Asia

In value terms, nickel matte production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Nickel Matte Exports

Exports in South-Eastern Asia

Nickel matte exports skyrocketed to X tons in 2022, surging by X% compared with the previous year's figure. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel matte exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nickel matte exports from Indonesia stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Indonesia ($X) remains the largest nickel matte supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel matte export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Nickel Matte Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of nickel mattes decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nickel matte imports soared to $X in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia represented the key importer of nickel mattes in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%).

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest nickel matte importing markets in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price showed measured growth. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform