United Kingdom: Nickel Powder Market 2024

Nickel Powder Market Size in the UK

In 2021, after two years of growth, there was significant decline in the UK nickel powder market, when its value decreased by -38.3% to $X. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank notably in the following year.

Nickel Powder Production in the UK

In value terms, nickel powder production totaled $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% 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 from the UK

In 2021, overseas shipments of nickel powders and flakes were finally on the rise to reach X tons after two years of decline. Overall, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, nickel powder exports soared to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main destinations of nickel powder exports from the UK, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +62.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel powder exported from the UK were China ($X), Japan ($X) and France ($X), together comprising 46% of total exports. These countries were followed by Taiwan (Chinese), Germany, Belgium, the United States, Canada, India, Sweden, South Korea and Denmark, which together accounted for a further 42%.

Taiwan (Chinese), with a CAGR of +63.7%, recorded the highest rates of growth with regard to 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

The average nickel powder export price stood at $X per ton in 2021, growing by 18% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Powder Imports

Imports into the UK

In 2021, overseas purchases of nickel powders and flakes decreased by -3.5% to X tons, falling for the fourth consecutive year after four years of growth. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by 48% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, nickel powder imports surged to $X in 2021. Over the period under review, imports continue to indicate a perceptible downturn. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest nickel powder supplier to the UK, with a 56% share of total imports. Moreover, nickel powder imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.4% per year) and Germany (-1.6% per year).

In value terms, Australia ($X), Germany ($X) and the United States ($X) constituted the largest nickel powder suppliers to the UK, with a combined 84% share of total imports. The Netherlands and Canada lagged somewhat behind, together comprising a further 13%.

Canada, with a CAGR of +24.7%, saw 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 mixed trend patterns.

Import Prices by Country

The average nickel powder import price stood at $X per ton in 2021, growing by 37% against the previous year. Over the period under review, the import price continues to indicate a tangible expansion. The growth pace was the most rapid in 2013 when the average import price increased by 37%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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