Turkey - Unwrought Nickel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNickel Price in Turkey - 2023
Contents:
- Nickel Price in Turkey (CIF) - 2023
- Nickel Price in Turkey (FOB) - 2023
- Nickel Imports in Turkey
- Nickel Exports in Turkey
Nickel Price in Turkey (CIF) - 2023
In July 2023, the average nickel import price amounted to $19,960 per ton, waning by -4.1% against the previous month. Overall, the import price recorded a slight reduction. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 15% m-o-m. Over the period under review, average import prices reached the maximum at $27,493 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Australia ($25,548 per ton), while the price for the UK ($15,270 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced a decline.
Nickel Price in Turkey (FOB) - 2023
In July 2023, the average nickel export price amounted to $22,767 per ton, falling by -7.4% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 25% against the previous month. The export price peaked at $27,516 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Australia ($27,549 per ton), while the average price for exports to Iran ($22,590 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel Imports in Turkey
In 2022, approx. 7.2K tons of unwrought nickel were imported into Turkey; surging by 7.6% against 2021. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, nickel imports soared to $160M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 25.0 | 23.6 | 24.3 | 53.2 | 28.6% |
Japan | 19.1 | 27.7 | 39.5 | 41.6 | 29.6% |
Norway | 12.3 | 14.6 | 26.1 | 27.3 | 30.4% |
United Kingdom | 2.5 | 2.3 | 4.8 | 9.4 | 55.5% |
South Africa | 8.7 | 6.6 | 6.3 | 8.7 | 0.0% |
Australia | 1.9 | N/A | 0.5 | 5.8 | 45.1% |
France | N/A | 1.5 | 0.1 | 5.7 | 94.9% |
Canada | 6.4 | 2.7 | 1.6 | 0.1 | -75.0% |
Others | 5.3 | 2.1 | 2.3 | 8.4 | 16.6% |
Total | 81.1 | 81.0 | 105 | 160 | 25.4% |
Top Suppliers of Nickel to Turkey in 2022:
- Russia (2173.9 tons)
- Japan (1701.8 tons)
- Norway (1476.9 tons)
- United Kingdom (559.8 tons)
- South Africa (357.0 tons)
- France (318.4 tons)
- Australia (222.0 tons)
- Canada (4.0 tons)
Nickel Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of unwrought nickel, which increased by 17% to 1.7K tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, nickel exports surged to $37M in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Nickel in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 9.1 | 13.5 | 21.3 | 28.0 | 45.4% |
United Arab Emirates | N/A | N/A | N/A | 2.9 | 0% |
Italy | N/A | N/A | N/A | 2.3 | 0% |
Azerbaijan | 0.1 | 3.4 | N/A | 1.2 | 128.9% |
Uzbekistan | 0.2 | 0.1 | 0.9 | 1.2 | 81.7% |
Others | 0.5 | 1.1 | 2.1 | 1.5 | 44.2% |
Total | 9.9 | 18.1 | 24.3 | 36.9 | 55.0% |
Top Export Markets for Nickel from Turkey in 2022:
- Iran (1219.2 tons)
- United Arab Emirates (189.3 tons)
- Italy (120.3 tons)
- Azerbaijan (51.7 tons)
- Uzbekistan (46.2 tons)
This report provides an in-depth analysis of the nickel market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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 market in Turkey.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the nickel market in Turkey.
This report provides an in-depth analysis of the nickel market in Turkey.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the global nickel market.
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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.
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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%