Chlorides; of Nickel Price in Ecuador - 2022

Contents:

  1. Chlorides; of Nickel Price in Ecuador (CIF) - 2022
  2. Chlorides; of Nickel Imports in Ecuador

Chlorides; of Nickel Price in Ecuador (CIF) - 2022

In 2022, the average chlorides; of nickel import price amounted to $8,451 per ton, dropping by -1.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 44%. As a result, import price reached the peak level of $10,478 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($18,316 per ton), while the price for Colombia ($7,794 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Chlorides; of Nickel Imports in Ecuador

In 2022, after three years of growth, there was significant decline in purchases abroad of chlorides; of nickels, when their volume decreased by -20.5% to 4.6 tons. In general, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of 5.8 tons, and then declined significantly in the following year.

In value terms, chlorides; of nickel imports contracted dramatically to $39K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 78%. As a result, imports reached the peak of $50K, and then shrank significantly in the following year.

Import of Chlorides; of Nickel in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.57.39.610.022.1%
Colombia5.59.09.610.022.1%
France3.12.09.59.947.3%
Germany8.95.44.75.2-16.4%
Belgium1.11.84.04.155.0%
Taiwan (Chinese)3.12.7N/AN/A-12.9%
Others1.50.113.00.1-59.5%
Total28.628.250.339.311.2%

Top Suppliers of Chlorides; of Nickel to Ecuador in 2022:

  1. Colombia (1283.0 kg)
  2. China (1280.0 kg)
  3. France (1253.0 kg)
  4. Germany (596.0 kg)
  5. Belgium (225.0 kg)

Source: IndexBox Market Intelligence Platform

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