Eastern Asia: Nickel Market 2022

Nickel Market Size in Eastern Asia

The East Asian nickel market surged to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Nickel Production in Eastern Asia

In value terms, nickel production rose sharply to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

The country with the largest volume of nickel production was China (X tons), accounting for X% of total volume. Moreover, nickel production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), fourfold. South Korea (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual growth rate of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and South Korea (+X% per year).

Nickel Exports

Exports in Eastern Asia

Nickel exports declined significantly to X tons in 2021, with a decrease of -X% compared with 2020. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, nickel exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Japan (X tons) was the main exporter of nickel, creating X% of total exports. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%). Hong Kong SAR (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the nickel exports, with a CAGR of +X% from 2012 to 2021. South Korea (-X%), China (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-X p.p.), Hong Kong SAR (-X p.p.) and China (-X p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest nickel supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and South Korea (-X% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced a decline in the export price figures.

Nickel Imports

Imports in Eastern Asia

In 2021, supplies from abroad of nickel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

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

Imports by Country

China represented the largest importer of nickel in Eastern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2021. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held near X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, South Korea (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. Japan experienced a relatively flat trend pattern. percentage points. Japan (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported nickel in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, nickel imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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