Europe: Nickel Market 2024

Nickel Market Size in Europe

The Europe nickel market rose markedly 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 hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Nickel Production in Europe

In value terms, nickel production reduced slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. 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 in Europe

In 2022, the amount of unwrought nickel exported in Europe dropped modestly to X tons, leveling off at 2021 figures. Overall, exports showed a mild shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, nickel exports soared to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value 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, exports increased by X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of unwrought nickel, namely the Netherlands, Russia and Norway, represented more than two-thirds of total export. Finland (X tons) ranks next in terms of the total exports with a X% share, followed by the UK (X%). Belgium (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nickel supplying countries in Europe were the Netherlands ($X), Russia ($X) and Norway ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Overall, the export price posted notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Finland ($X per ton) and the UK ($X per ton), while Germany ($X per ton) and the Netherlands ($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 Europe

For the third year in a row, Europe recorded growth in purchases abroad 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 in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, nickel imports surged to $X in 2022. Overall, imports saw measured 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, achieving X% of total imports. Germany (X tons) held the second position in the ranking, distantly followed by Italy (X tons), Belgium (X tons), France (X tons), Sweden (X tons) and Austria (X tons). All these countries together took near 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, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Austria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, 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

The import price in Europe stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a notable increase 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 ($X per ton) and Italy ($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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