United Kingdom: Nickel Ore Market 2020

Nickel Ore Market Size in the UK

The revenue of the nickel ore market in the UK amounted to $X in 2017, surging by X% against the previous year. In general, nickel ore consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2009, with an increase of X% against the previous year. Over the period under review, the nickel ore market reached its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Nickel Ore Production in the UK

In 2017, the amount of nickel ores and concentrates produced in the UK stood at X tons, remaining stable against the previous year. Overall, nickel ore production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. The UK nickel ore production peaked in 2017, and is likely to continue its growth in the near future.

Nickel Ore Exports in the UK

In 2017, nickel ore exports from the UK totaled X tons, jumping by X% against the previous year. In general, the total exports indicated a perceptible expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the nickel ore exports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. The UK exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, nickel ore exports stood at $X in 2017. In general, nickel ore exports continue to indicate an abrupt setback. Over the period under review, the nickel ore exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Nickel Ore Exports by Country in the UK

The Philippines was the largest exporter of nickel ores and concentrates in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2017. Indonesia (X tons) took the second position in the ranking, followed by New Caledonia (X tons), Australia (X tons) and Finland (X tons). All these countries together occupied approx. X% share of total exports. The following exporters - Guatemala (X tons) and Canada (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest nickel ore supplier from the UK, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by New Caledonia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Indonesia amounted to +X%. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and New Caledonia (-X% per year).

Nickel Ore Export Prices by Country in the UK

The nickel ore export price in the UK stood at $X per ton in 2017, reducing by -X% against the previous year. Overall, nickel ore export price continues to indicate an abrupt decline. The growth pace was the most rapid in 2012, when it surged by X% y-o-y. The UK export price peaked of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Finland (+X% per year), while the other leaders experienced more modest paces of growth.

Nickel Ore Imports in the UK

Nickel ore imports into the UK totaled X tons in 2017, going down by -X% against the previous year. Overall, nickel ore imports continue to indicate a sharp drop. The growth pace was the most rapid in 2014, when imports increased by X% against the previous year. The UK imports peaked of X tons in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, nickel ore imports stood at $X in 2017. Overall, nickel ore imports continue to indicate a drastic reduction. In that year, the nickel ore imports attained their peak level of $X. From 2015 to 2017, growth of the nickel ore imports failed to regain its momentum.

Nickel Ore Imports by Country in the UK

China (X tons) and South Korea (X tons) represented the largest importers of nickel ores and concentrates in 2017, resulting at near X% and X% of total imports, respectively. It was distantly followed by Japan (X tons), Ukraine (X tons) and Macedonia (X tons), together comprising X% share of total imports. Greece (X tons) and China, Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported nickel ores and concentrates into the UK, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (-X% per year).

Nickel Ore Import Prices by Country in the UK

In 2017, the nickel ore import price in the UK amounted to $X per ton, coming up by X% against the previous year. Overall, the import price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the nickel ore import price increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, the import prices for nickel ores and concentrates reached its maximum level in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform