Australia - Unwrought Nickel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNickel Price in Australia - 2023
Contents:
- Nickel Price in Australia (CIF) - 2022
- Nickel Price in Australia (FOB) - 2022
- Nickel Imports in Australia
- Nickel Exports in Australia
Nickel Price in Australia (CIF) - 2022
The average nickel import price stood at $17,084 per ton in 2022, picking up by 21% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +112.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($19,489 per ton), while the price for China ($8,422 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel Price in Australia (FOB) - 2022
The average nickel export price stood at $13,301 per ton in 2022, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price decreased by -1.8%. Over the period under review, the average export prices hit record highs at $13,520 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($14,732 per ton) and China ($13,722 per ton), while the average price for exports to Japan ($12,455 per ton) and South Korea ($12,784 per ton) were amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+97.9%), while the prices for the other major destinations experienced a decline.
Nickel Imports in Australia
In 2022, purchases abroad of unwrought nickel increased by 97% to 4.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern.
In value terms, nickel imports skyrocketed to $72M in 2022. In general, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 20.3 | 15.5 | 12.3 | 25.9 | 8.5% |
United Kingdom | 13.7 | 5.2 | 7.3 | 20.3 | 14.0% |
United States | 10.4 | 7.6 | 4.4 | 14.5 | 11.7% |
China | 2.2 | 0.6 | 0.8 | 2.7 | 7.1% |
Germany | 0.5 | 0.4 | 0.6 | 2.0 | 58.7% |
Italy | 1.4 | 0.6 | 0.8 | 1.6 | 4.6% |
Brazil | N/A | N/A | N/A | 1.0 | 0% |
South Africa | 1.3 | 0.5 | 2.1 | 1.0 | -8.4% |
Singapore | 1.1 | 0.5 | 0.2 | 0.8 | -10.1% |
Others | 2.4 | 4.0 | 1.8 | 2.6 | 2.7% |
Total | 53.3 | 34.9 | 30.4 | 72.4 | 10.7% |
Top Suppliers of Nickel to Australia in 2022:
- Canada (1330.2 tons)
- United Kingdom (1046.5 tons)
- United States (794.8 tons)
- China (324.6 tons)
- Germany (241.3 tons)
- Brazil (114.6 tons)
- Italy (110.0 tons)
- Singapore (104.3 tons)
- South Africa (38.0 tons)
Nickel Exports in Australia
For the third consecutive year, Australia recorded decline in shipments abroad of unwrought nickel, which decreased by 0% to 5.4K tons in 2022. In general, exports showed a precipitous decrease. The smallest decline of -85.9% was in 2020.
In value terms, nickel exports stood at $72M in 2022. Overall, exports faced a sharp downturn. The smallest decline of -86.2% was in 2020.
Export of Nickel in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 269 | 34.8 | N/A | 24.7 | -54.9% |
Japan | 79.9 | 16.1 | N/A | 8.6 | -52.4% |
Netherlands | 61.5 | 10.5 | N/A | 8.2 | -48.9% |
United States | 16.7 | 5.5 | N/A | 5.0 | -33.1% |
South Korea | 70.0 | 12.2 | N/A | 5.0 | -58.5% |
Germany | 15.6 | 2.8 | N/A | 1.9 | -50.4% |
United Kingdom | 8.4 | 1.5 | N/A | 1.5 | -43.7% |
Singapore | 68.8 | 16.8 | N/A | 1.0 | -75.6% |
Malaysia | 105 | 1.5 | N/A | N/A | -98.6% |
Taiwan (Chinese) | 88.7 | 7.2 | N/A | N/A | -91.9% |
Others | 254 | 34.8 | N/A | 16.1 | -60.1% |
Total | 1,038 | 144 | N/A | 71.9 | -58.9% |
Top Export Markets for Nickel from Australia in 2022:
- China (1799.5 tons)
- Japan (690.5 tons)
- Netherlands (620.0 tons)
- South Korea (391.8 tons)
- United States (372.8 tons)
- Germany (141.8 tons)
- United Kingdom (99.3 tons)
- Singapore (76.5 tons)
This report provides an in-depth analysis of the nickel market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24451100 - Nickel, unwrought
- Prodcom 24451110 -
- Prodcom 24451120 -
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the nickel market in Australia.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the nickel market in Australia.
This report provides an in-depth analysis of the nickel market in Australia.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the global nickel market.
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh