Chlorides; of Nickel Price in Serbia - 2023

Contents:

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

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

In 2022, the average chlorides; of nickel import price amounted to $7,466 per ton, surging by 35% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2017 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 France ($7,593 per ton), while the price for Germany amounted to $4,897 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average chlorides; of nickel export price amounted to $9,000 per ton, growing by 19% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 51%. The export price peaked at $13,400 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to +14.1% per year.

Chlorides; of Nickel Imports in Serbia

In 2022, imports of chlorides; of nickels into Serbia declined notably to 2.2 tons, waning by -62.1% on the previous year's figure. Over the period under review, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 271%.

In value terms, chlorides; of nickel imports shrank significantly to $17K in 2022. In general, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 281% against the previous year.

Import of Chlorides; of Nickel in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2.31.31.915.890.1%
Germany3.82.17.80.6-46.0%
Austria5.51.54.1N/A-13.7%
PolandN/AN/A2.3N/A0%
Italy4.71.44.0N/A-7.7%
Others27.72.112.40.2-80.7%
Total44.08.532.416.6-27.7%

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

  1. France (2075.0 kg)
  2. Germany (126.0 kg)

Chlorides; of Nickel Exports in Serbia

In 2022, after three years of growth, there was significant decline in shipments abroad of chlorides; of nickels, when their volume decreased by -99.8% to 1 kg. Over the period under review, exports faced a significant decrease. The growth pace was the most rapid in 2020 when exports increased by 38% against the previous year.

In value terms, chlorides; of nickel exports plummeted to $9 in 2022. Overall, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 when exports increased by 35%.

Export of Chlorides; of Nickel in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina2.53.73.8N/A23.3%
NetherlandsN/AN/A0.4N/A0%
TurkeyN/AN/AN/AN/A0%
Others0.50.30.1N/A-55.3%
Total2.94.04.2N/A20.3%

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

  1. Turkey (1.0 kg)

Source: IndexBox Market Intelligence Platform

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