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Philippines - Nickel Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNickel Ore Price in the Philippines - 2023
Contents:
- Nickel Ore Price in the Philippines (FOB) - 2022
- Nickel Ore Price in the Philippines (CIF) - 2022
- Nickel Ore Exports in the Philippines
- Nickel Ore Imports in the Philippines
Nickel Ore Price in the Philippines (FOB) - 2022
The average nickel ore export price stood at $33 per ton in 2022, dropping by -2.7% against the previous year. Over the period under review, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2014 an increase of 84%. As a result, the export price reached the peak level of $39 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($37 per ton), while the average price for exports to China stood at $32 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%).
Nickel Ore Price in the Philippines (CIF) - 2022
In 2022, the average nickel ore import price amounted to $930 per ton, reducing by -95.4% against the previous year. Over the period under review, the import price faced a deep setback. The growth pace was the most rapid in 2019 an increase of 114%. As a result, import price attained the peak level of $20,426 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +46.7% per year.
Nickel Ore Exports in the Philippines
After three years of growth, overseas shipments of nickel ores and concentrates decreased by -11.2% to 39M tons in 2022. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year.
In value terms, nickel ore exports contracted to $1.3B in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 73%.
Export of Nickel Ore in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 574 | 1,040 | 1,387 | 1,205 | 28.0% |
Japan | 41.8 | 28.5 | 65.4 | 29.0 | -11.5% |
Others | 0.5 | N/A | 3.4 | 24.9 | 267.9% |
Total | 616 | 1,068 | 1,456 | 1,259 | 26.9% |
Top Export Markets for Nickel Ore from the Philippines in 2022:
- China (37.4M tons)
- Japan (0.8M tons)
Nickel Ore Imports in the Philippines
In 2022, the amount of nickel ores and concentrates imported into the Philippines fell markedly to 300 kg, waning by -99.7% against the previous year. Overall, imports recorded a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 2,413%. As a result, imports reached the peak of 89 tons, and then reduced dramatically in the following year.
In value terms, nickel ore imports shrank sharply to $279 in 2022. Over the period under review, imports saw a significant decrease. The growth pace was the most rapid in 2021 with an increase of 2,733%. As a result, imports attained the peak of $1.8M, and then declined notably in the following year.
Import of Nickel Ore in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | N/A | N/A | 0.3 | 0% |
Germany | N/A | 45.5 | 633 | N/A | 1291.2% |
Poland | N/A | N/A | 159 | N/A | 0% |
Singapore | 145 | 7.3 | 22.8 | N/A | -60.3% |
Others | N/A | 10.6 | 982 | N/A | 9164.2% |
Total | 145 | 63.4 | 1,797 | 0.3 | -87.3% |
Top Suppliers of Nickel Ore to the Philippines in 2022:
- South Korea (300.0 kg)
This report provides an in-depth analysis of the nickel ore market in the Philippines. 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 07291200 - Nickel ores and concentrates
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
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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 ore market in the Philippines.
This report provides an in-depth analysis of the market for nickel ores and concentrates in the Philippines.
This report provides an in-depth analysis of the global nickel ore market.
Global Nickel Ore Market Report 2019. This report provides an in-depth analysis of the global market for nickel ores and concentrates.
This report provides an in-depth analysis of the nickel ore market in the Philippines.
This report provides an in-depth analysis of the market for nickel ores and concentrates in the Philippines.
This report provides an in-depth analysis of the global nickel ore market.
Global Nickel Ore Market Report 2019. This report provides an in-depth analysis of the global market for nickel ores and concentrates.
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