Vietnam: Nickel Ore Market 2020

Nickel Ore Market Size in Vietnam

The revenue of the nickel ore market in Vietnam amounted to $X in 2017, dropping by -X% against the previous year. In general, nickel ore consumption continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2013, when market value increased by X% against the previous year. Over the period under review, the nickel ore market attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Nickel Ore Production in Vietnam

In 2017, production of nickel ores and concentrates in Vietnam stood at X tons, leveling off at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2013, when the output figure increased by X% year-to-year. Over the period under review, the nickel ore production attained its maximum volume in 2017, and is likely to see steady growth in the near future.

Nickel Ore Exports from Vietnam

In 2017, the amount of nickel ores and concentrates exported from Vietnam totaled X kg, falling by -X% against the previous year. Overall, nickel ore exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the nickel ore exports attained its peak figure volume of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, nickel ore exports totaled $X in 2017. In general, nickel ore exports continue to indicate a sharp decrease. Vietnam exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Nickel Ore Exports by Country from Vietnam

The Philippines was the main exporter of nickel ores and concentrates in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2017. It was distantly followed by Indonesia (X tons), New Caledonia (X tons), Australia (X tons) and Finland (X tons), together making up X% share of total exports. Guatemala (X tons) and Canada (X tons) occupied the mild share 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 ($X) remains the largest nickel ore supplier from Vietnam, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($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 growth rate 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 Vietnam

In 2017, the nickel ore export price in Vietnam amounted to $X per ton, reducing by -X% against the previous year. Overall, nickel ore export price continues to indicate a drastic slump. Over the period under review, the export prices for nickel ores and concentrates reached its peak figure level 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 into Vietnam

In 2017, the amount of nickel ores and concentrates imported into Vietnam totaled X tons, shrinking by -X% against the previous year. In general, nickel ore imports continue to indicate a mild drop. The pace of growth appeared the most rapid in 2014, when imports increased by X% y-o-y. Vietnam imports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, nickel ore imports stood at $X in 2017. Overall, nickel ore imports continue to indicate a strong expansion. Over the period under review, the nickel ore imports reached its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Nickel Ore Imports by Country into Vietnam

China (X tons) and South Korea (X tons) represented roughly X% of total imports of nickel ores and concentrates in 2017. It was distantly followed by Japan (X tons), Ukraine (X tons) and Macedonia (X tons), together committing 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 ($X) constitutes the largest market for imported nickel ores and concentrates into Vietnam, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China amounted to -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 Vietnam

The nickel ore import price in Vietnam stood at $X per ton in 2017, going up by X% against the previous year. Overall, nickel ore import price continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2013, an increase of X% year-to-year. In that year, the import prices for nickel ores and concentrates attained their peak level of $X per kg. From 2014 to 2017, growth of the import prices for nickel ores and concentrates failed to regain its momentum.

Import prices varied noticeably by the country of destination; 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

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