Chlorides; of Nickel Price in Peru - 2021

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

The average chlorides; of nickel import price stood at $6,427 per ton in 2022, shrinking by -29.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 49%. As a result, import price attained the peak level of $9,087 per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($6,303 per ton), while the price for Germany ($3,132 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average chlorides; of nickel export price amounted to $8,667 per ton, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +0.1% per year.

Chlorides; of Nickel Imports in Peru

In 2022, the amount of chlorides; of nickels imported into Peru skyrocketed to 12 tons, increasing by 32% compared with the year before. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 86%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chlorides; of nickel imports contracted to $74K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.4% 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 +70.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 58%.

Import of Chlorides; of Nickel in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	14.0	29.2	0.1	7.7	-18.1%
Taiwan (Chinese)	15.3	11.4	5.4	5.9	-27.2%
France	11.6	5.4	4.3	1.8	-46.3%
South Korea	N/A	21.9	N/A	N/A	0%
Others	2.8	1.1	70.0	59.0	176.2%
Total	43.7	69.0	79.8	74.4	19.4%

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

Germany (2.5 tons)
Taiwan (Chinese) (0.9 tons)
France (0.3 tons)

Chlorides; of Nickel Exports in Peru

In 2022, after three years of growth, there was decline in overseas shipments of chlorides; of nickels, when their volume decreased by -0.3% to 300 kg. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.

In value terms, chlorides; of nickel exports declined to $2.6K in 2022. The total export value increased at an average annual rate of +12.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year.