Nickel bars, rods, profiles and wire market in Germany

Earlier Report Observations

The market for nickel bars, rods, profiles and wire in Germany showed considerable movement from 2018 to 2021, beginning at 219.1 million dollars before declining to 164.0 million dollars in 2019 and 152.7 million dollars in 2020. A strong recovery followed in 2021, lifting the market volume to 213.3 million dollars.

A notable expansion occurred in 2022, with the market reaching 245.4 million dollars. This growth was fueled by rising demand from the electronics sector, electric vehicle production, and renewable energy systems, which increased consumption of nickel products. Concurrently, key industry players such as Sandvik and Nornickel introduced new high-performance and sustainable nickel alloy products, broadening supply and supporting market growth. After this peak, the market contracted to 213.5 million dollars in 2023 and then stabilized at 214.2 million dollars in 2024.

Production nickel bars, rods, profiles and wire in Germany

In value, 2017-2020, M $ US

Germany's production of nickel bars, rods, profiles, and wire has increased for the third year in a row. In 2020, the output was valued at 218.7 million US dollars, marking a solid 10.4% rise compared to 2019. From 2017 to 2020, production grew by 41.9%, which translates to an annualized growth rate of 12.4%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, t

Germany's production of nickel bars, rods, profiles, and wire has risen for the third consecutive year. In 2020, the country produced 36 477 tonnes, representing a dramatic 129.8% increase over the previous year. Over the period from 2017 to 2020, production surged by 205.5%, with a compound annual growth rate of 45.1%.

Annual dynamics of production in Germany in kind, 2017-2020, t

Exports nickel bars, rods, profiles and wire from Germany

Exports in kind, t

After two years of growth, exports of nickel bars, rods, profiles, and wire from Germany declined. In 2020, Germany exported 15 210 tonnes, showing a moderate 8.0% decrease year-over-year. Between 2017 and 2020, exports increased by 11.2%, equating to an annualized rate of 3.6%. The highest volume was recorded in 2019 at 16 540 tonnes, with the largest increase of 10.1% also occurring that year.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

From 2017 to 2020, the geographical structure of exports in kind was highly diversified. The United States accounted for 21.0% of exports, Italy for 15.9%, and the United Kingdom for 11.4%, together making up only 48.3% of total flows. The remaining 51.7% was distributed among numerous smaller partner countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Following a two-year uptick, exports of nickel bars, rods, profiles, and wire from Germany declined. In 2020, exports totaled 398.8 million US dollars, reflecting a 5.9% drop compared to the previous year. Between 2017 and 2020, exports grew by 29.8%, which corresponds to an annualized rate of 9.1%. The peak value was recorded in 2019 at 424.0 million US dollars, while the largest increase of 24.3% occurred in 2018.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

Over the period 2017–2020, exports in value terms of nickel bars, rods, profiles, and wire from Germany were widely dispersed across partner countries. The United States represented 19.6% of exports, Italy 14.7%, and the United Kingdom 10.9%, together accounting for only 45.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports nickel bars, rods, profiles and wire to Germany

Imports in kind, t

Imports of nickel bars, rods, profiles, and wire into Germany fell for the second year in a row. In 2020, Germany imported 15 696 tonnes, indicating a strong 16.0% decline from 2019. Between 2017 and 2020, imports increased by 6.1%, equating to an annualized rate of 2.0%. The highest volume was recorded in 2018 at 20 359 tonnes, with the largest increase of 37.6% also occurring that year.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, Austria was the primary supplier of nickel bars, rods, profiles, and wire to Germany, accounting for 55.9% of imports in kind. France contributed 20.4%, and the United States 11.0%. Together, these three countries made up 87.3% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Imports of nickel bars, rods, profiles, and wire into Germany decreased for the second consecutive year. In 2020, imports stood at 332.8 million US dollars, showing a strong contraction of 14.6% relative to the prior year. Between 2017 and 2020, imports rose by 23%, which translates to an annualized growth rate of 7.1%. The maximum value was recorded in 2018 at 409.4 million US dollars, with the largest increase of 51.3% also occurring that year.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

In the period 2017–2020, the leading sources for imports in value terms of nickel bars, rods, profiles, and wire to Germany were Austria, accounting for 44.2% of imports, France at 21.2%, and the United States at 20.7%. Together, these three countries represented 86.1% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020