Chlorides; of Nickel Price in the Philippines - 2023

Contents:

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

Chlorides; of Nickel Price in the Philippines (CIF) - 2022

In 2022, the average chlorides; of nickel import price amounted to $11,060 per ton, growing by 4.6% against the previous year. Overall, the import price recorded a perceptible expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $11,168 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Germany ($42,821 per ton), while the price for Taiwan (Chinese) ($6,028 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Nickel Imports in the Philippines

In 2022, chlorides; of nickel imports into the Philippines dropped notably to 76 tons, reducing by -23.5% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports reached the peak of 99 tons, and then declined dramatically in the following year.

In value terms, chlorides; of nickel imports shrank notably to $839K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of $1M, and then dropped sharply in the following year.

Import of Chlorides; of Nickel in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany12530543034640.4%
Taiwan (Chinese)99.416733126739.0%
Japan179182183147-6.4%
South Korea10236.534.745.8-23.4%
Belgium12.629.939.731.936.3%
Others14.62.129.51.7-51.2%
Total5327221,04883916.4%

Top Suppliers of Chlorides; of Nickel to the Philippines in 2022:

  1. Taiwan (Chinese) (44.2 tons)
  2. Japan (13.9 tons)
  3. Germany (8.1 tons)
  4. Belgium (4.7 tons)
  5. South Korea (4.7 tons)

Source: IndexBox Market Intelligence Platform

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