Turkey: Nickel Powder Market 2025

Nickel Powder Market Size in Turkey

The Turkish nickel powder market skyrocketed to $X in 2021, picking up by 190% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a perceptible descent. Nickel powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Nickel Powder Exports

Exports from Turkey

In 2021, exports of nickel powders and flakes from Turkey rose sharply to X tons, picking up by 14% on the previous year. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 124% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, nickel powder exports surged to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 146%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons), Iran (X tons) and India (X tons) were the main destinations of nickel powder exports from Turkey, with a combined 59% share of total exports. Mexico, South Korea, Croatia, France and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +137.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel powder exported from Turkey were Germany ($X), Iran ($X) and India ($X), with a combined 58% share of total exports. Mexico, South Korea, Croatia, France and Italy lagged somewhat behind, together comprising a further 30%.

Croatia, with a CAGR of +140.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nickel powder export price amounted to $X per ton, increasing by 14% against the previous year. In general, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Iran ($X per ton) and South Korea ($X per ton), while the average price for exports to Italy ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Powder Imports

Imports into Turkey

In 2021, the amount of nickel powders and flakes imported into Turkey surged to X tons, jumping by 37% compared with 2020 figures. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% 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 increased by +60.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, nickel powder imports skyrocketed to $X in 2021. In general, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of nickel powder to Turkey, accounting for a 44% share of total imports. Moreover, nickel powder imports from the UK exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+6.6% per year) and the United States (+13.9% per year).

In value terms, the largest nickel powder suppliers to Turkey were the UK ($X), the United States ($X) and Canada ($X), together accounting for 76% of total imports. These countries were followed by Belgium, Germany, Australia, Israel, France and South Korea, which together accounted for a further 17%.

Israel, with a CAGR of +39.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nickel powder import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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