Chlorides; of Nickel Price in Malaysia - 2021

Contents:

1. Chlorides; of Nickel Price in Malaysia (CIF) - 2022
2. Chlorides; of Nickel Price in Malaysia (FOB) - 2022
3. Chlorides; of Nickel Imports in Malaysia
4. Chlorides; of Nickel Exports in Malaysia

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

In 2022, the average chlorides; of nickel import price amounted to $5,526 per ton, with a decrease of -1.8% against the previous year. Over the period under review, the import price saw a pronounced decrease. The growth pace was the most rapid in 2018 when the average import price increased by 19% against the previous year. The import price peaked at $8,092 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($55,924 per ton), while the price for Singapore ($3,244 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+22.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Chlorides; of Nickel Price in Malaysia (FOB) - 2022

The average chlorides; of nickel export price stood at $5,769 per ton in 2022, rising by 2.6% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 34%. The export price peaked at $20,298 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($7,313 per ton), while the average price for exports to Thailand ($4,304 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-3.8%), while the prices for the other major destinations experienced a decline.

Chlorides; of Nickel Imports in Malaysia

In 2022, approx. 171 tons of chlorides; of nickels were imported into Malaysia; with a decrease of -34.6% compared with the previous year. Overall, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 200% against the previous year. As a result, imports reached the peak of 261 tons, and then reduced remarkably in the following year.

In value terms, chlorides; of nickel imports fell remarkably to $944K in 2022. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 252% against the previous year. As a result, imports attained the peak of $1.5M, and then contracted dramatically in the following year.

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

1. Taiwan (Chinese) (55.5 tons)
2. Japan (48.6 tons)
3. Singapore (26.0 tons)
4. Thailand (20.1 tons)
5. Hong Kong SAR (9.7 tons)
6. France (5.2 tons)
7. Canada (2.8 tons)

Chlorides; of Nickel Exports in Malaysia

In 2022, shipments abroad of chlorides; of nickels decreased by -26.7% to 19 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 229% against the previous year.

In value terms, chlorides; of nickel exports shrank significantly to $110K in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 204%.

Top Export Markets for Chlorides; of Nickel from Malaysia in 2022:

1. Singapore (17.6 tons)
2. Thailand (1.2 tons)
3. Indonesia (0.3 tons)

Source: IndexBox Market Intelligence Platform