South-Eastern Asia: Nickel Powder Market 2025

Nickel Powder Market Size in South-Eastern Asia

In 2021, the Southeast Asian nickel powder market increased by 59% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Nickel Powder Production in South-Eastern Asia

In value terms, nickel powder production stood at $X in 2021 estimated in export price. Overall, production enjoyed notable growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 484,109% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Nickel Powder Exports

Exports in South-Eastern Asia

Nickel powder exports soared to X tons in 2021, picking up by 54% compared with the previous year's figure. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, nickel powder exports soared to $X in 2021. Over the period under review, exports posted a noticeable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 288% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) and Malaysia (X tons) dominates exports structure, together mixing up 97% of total exports. Thailand (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +24.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, waning by -15% against the previous year. In general, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 253%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.6%), while the other leaders experienced more modest paces of growth.

Nickel Powder Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of nickel powders and flakes were finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 69%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, nickel powder imports soared to $X in 2021. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 95% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of nickel powders and flakes, namely Malaysia, Singapore, Thailand and the Philippines, represented more than two-thirds of total import. It was distantly followed by Vietnam (X tons), generating a 5.4% share of total imports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel powder importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and the Philippines ($X), together comprising 74% of total imports.

Among the main importing countries, the Philippines, with a CAGR of +26.8%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 6.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 38%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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