Report Update Jan 1, 2025

Ukraine - Nickel (Unwrought) - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Nickel Market 2025

Nickel Market Size in Ukraine

The Ukrainian nickel market shrank to $X in 2022, waning by -14.6% against the previous year. Overall, consumption faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.5%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Nickel Production in Ukraine

In value terms, nickel production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nickel Exports

Exports from Ukraine

Nickel exports from Ukraine dropped significantly to X tons in 2022, falling by -73.6% on 2021 figures. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 222% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, nickel exports contracted sharply to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 319% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for nickel exports from Ukraine, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +39.2%.

In value terms, Russia ($X) also remains the key foreign market for nickel (unwrought) exports from Ukraine.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +22.7%.

Export Prices by Country

The average nickel export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 110%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +51.1% per year.

Nickel Imports

Imports into Ukraine

For the fifth year in a row, Ukraine recorded decline in supplies from abroad of nickel (unwrought), which decreased by -69.2% to X tons in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel imports reduced notably to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), South Africa (X tons) and Norway (X tons) were the main suppliers of nickel imports to Ukraine, with a combined 73% share of total imports. The UK, France, Canada, Brazil and Poland lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +53.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), South Africa ($X) and the UK ($X) were the largest nickel suppliers to Ukraine, with a combined 70% share of total imports. Norway, France, Canada, Brazil and Poland lagged somewhat behind, together comprising a further 28%.

In terms of the main suppliers, France, with a CAGR of +55.5%, recorded the highest growth rate of 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 2022, the average nickel import price amounted to $X per ton, with an increase of 38% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and France ($X per ton), while the price for Brazil ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, together accounting for 32% of global consumption. These countries were followed by Indonesia, Nigeria, Turkey, Japan, the UK, South Korea, France, Poland, Sudan and Brazil, which together accounted for a further 29%.

What are the largest producers of nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and China, together accounting for 27% of global production. Indonesia, Nigeria, Australia, Turkey, Canada, the UK, Japan, Norway, Poland and South Africa lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of nickel (unwrought) to Ukraine?

In value terms, Russia constituted the largest supplier of nickel to Ukraine, comprising 50% of total imports. The second position in the ranking was occupied by Norway, with a 20% share of total imports. It was followed by South Africa, with a 13% share.

What are the leading importers of nickel (unwrought) from Ukraine?

In value terms, Russia remains the key foreign market for nickel exports from Ukraine, comprising 89% of total exports. The second position in the ranking was occupied by Germany, with an 11% share of total exports.

What is the average export price for nickel (unwrought) in Ukraine?

The average nickel export price stood at $19,380 per ton in 2021, with a decrease of -22.3% against the previous year.

What is the average import price for nickel (unwrought) in Ukraine?

The average nickel import price stood at $18,729 per ton in 2021, jumping by 27% against the previous year.

This report provides an in-depth analysis of the nickel market in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24451100 - Nickel, unwrought
Prodcom 24451110 -
Prodcom 24451120 -

Country coverage:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024