Chlorides; of Nickel Price in South Korea - 2022

Contents:

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

Chlorides; of Nickel Price in South Korea (CIF) - 2022

The average chlorides; of nickel import price stood at $5,089 per ton in 2022, falling by -5.3% against the previous year. Over the period under review, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $6,748 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($5,189 per ton), while the price for Japan ($4,891 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.2%), while the prices for the other major suppliers experienced a decline.

Chlorides; of Nickel Price in South Korea (FOB) - 2022

The average chlorides; of nickel export price stood at $5,403 per ton in 2022, reducing by -16.5% against the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 32%. The export price peaked at $7,265 per ton in 2014; however, from 2015 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 ($8,091 per ton), while the average price for exports to Italy ($4,340 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 Mexico (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Nickel Imports in South Korea

In 2022, the amount of chlorides; of nickels imported into South Korea fell notably to 329 tons, declining by -27.2% on the previous year's figure. Over the period under review, imports showed a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. As a result, imports reached the peak of 452 tons, and then declined dramatically in the following year.

In value terms, chlorides; of nickel imports fell sharply to $1.7M in 2022. Overall, imports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2021 when imports increased by 164% against the previous year. As a result, imports reached the peak of $2.4M, and then contracted dramatically in the following year.

Top Suppliers of Chlorides; of Nickel to South Korea in 2022:

1. France (219.4 tons)
2. Taiwan (Chinese) (71.7 tons)
3. Japan (34.2 tons)

Chlorides; of Nickel Exports in South Korea

After two years of decline, overseas shipments of chlorides; of nickels increased by 58% to 147 tons in 2022. Over the period under review, exports, however, recorded a abrupt contraction.

In value terms, chlorides; of nickel exports soared to $794K in 2022. In general, exports, however, recorded a deep reduction.

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

1. Italy (51.9 tons)
2. Vietnam (22.5 tons)
3. Indonesia (18.8 tons)
4. Mexico (15.6 tons)
5. China (13.9 tons)
6. Argentina (7.4 tons)
7. Turkey (6.5 tons)

Source: IndexBox Market Intelligence Platform