MERCOSUR: Nickel Market 2024

Nickel Market Size in MERCOSUR

The MERCOSUR nickel market stood at $X in 2022, rising by X% against the previous year. Overall, consumption showed a perceptible descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nickel Production in MERCOSUR

In value terms, nickel production rose modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nickel Exports

Exports in MERCOSUR

In 2022, the amount of unwrought nickel exported in MERCOSUR shrank dramatically to X tons, waning by X% against 2021 figures. Over the period under review, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, nickel exports surged to $X in 2022. In general, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Colombia (X tons), creating a X% share of total exports. Peru (X tons) held a little share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest nickel supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Brazil, nickel exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Nickel Imports

Imports in MERCOSUR

Nickel imports fell to X tons in 2022, waning by X% against the previous year's figure. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, nickel imports surged to $X in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Argentina (X tons), making up a X% share of total imports. The following importers - Peru (X tons) and Chile (X tons) - each resulted at a X% share of total imports.

Brazil 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, Chile (X%) and Peru (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported unwrought nickel in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Brazil, nickel imports 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: Argentina (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Chile ($X per ton), while Peru ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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