EU: Nickel Market 2024

Nickel Market Size in the EU

The EU nickel market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Nickel Production in the EU

In value terms, nickel production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Nickel Exports

Exports in the EU

In 2022, exports of unwrought nickel in the European Union expanded to X tons, increasing by X% on the previous year. Overall, exports showed pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, nickel exports skyrocketed to $X in 2022. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The Netherlands was the largest exporter of unwrought nickel in the European Union, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Finland (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%) and Germany (X%). France (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the unwrought nickel exports, with a CAGR of X% from 2012 to 2022. At the same time, Germany (X%) and Belgium (X%) displayed positive paces of growth. By contrast, Finland (X%) and France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium, France and Finland saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest nickel supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

In the Netherlands, nickel exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Finland ($X per ton) and Belgium ($X per ton), while France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Nickel Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of unwrought nickel, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, nickel imports surged to $X in 2022. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) was the largest importer of unwrought nickel, comprising X% of total imports. It was distantly followed by Germany (X tons), Italy (X tons), Belgium (X tons), France (X tons), Sweden (X tons), Austria (X tons) and Spain (X tons), together committing a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the unwrought nickel imports, with a CAGR of X% from 2012 to 2022. At the same time, Austria (X%) and Belgium (X%) displayed positive paces of growth. France, Sweden and Italy experienced a relatively flat trend pattern. By contrast, Spain (X%) and Germany (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Austria (X p.p.) significantly strengthened its position in terms of the total imports, while France, Spain, Italy and Germany saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel importing markets in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in the European Union amounted to $X per ton, picking up by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belgium ($X per ton) and Sweden ($X per ton), while Austria ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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