Sulphates: of nickel

In 2024, sulphates: of nickel trade exhibited strong growth, with global flows reaching $1,427,568,997 and a three-year compound annual growth rate of +15.2% (five-year: +17.8%). The all-time peak of $1,427,568,997 was recorded in 2024.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (+0.4% acceleration).

The World Trade Flows Characterization classifies sulphates: of nickel as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.193). The three largest exporters — Indonesia ($544.7M), South Korea ($223.5M), and Belgium ($123.9M) — collectively dominate supply flows. The leading exporter has grown at +14654.5% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.267). The three largest import markets are China ($687.0M), Japan ($236.7M), and South Korea ($73.7M). The largest importing market sources from 14 different supplying countries.

Estimated substitution elasticity: -11.88. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Indonesia → China at $542.2M, representing 78.9% of the importer's total demand.

The volatility score for sulphates: of nickel is 7 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.