Nickel Ore Price in Tanzania - 2022

Nickel Ore Price in Tanzania (FOB) - 2022

The average nickel ore export price stood at $458 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 28%. As a result, the export price reached the peak level of $1,096 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.4% per year.

Nickel Ore Price in Tanzania (CIF) - 2022

In 2022, the average nickel ore import price amounted to $27,855 per ton, growing by 6.1% against the previous year. In general, the import price saw a significant expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 207% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +27.7% per year.

Nickel Ore Exports in Tanzania

In 2022, the amount of nickel ores and concentrates exported from Tanzania skyrocketed to 6.5K tons, rising by 20% against the year before. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 539%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nickel ore exports surged to $3M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 379%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Nickel Ore in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	228	507	914	1,498	87.3%
Hong Kong SAR	N/A	N/A	1,559	N/A	0%
Others	8.7	11.7	7.5	1,478	453.8%
Total	237	518	2,480	2,976	132.4%

Top Export Markets for Nickel Ore from Tanzania in 2022:

China (3.1K tons)

Nickel Ore Imports in Tanzania

In 2022, imports of nickel ores and concentrates into Tanzania rose significantly to 138 kg, picking up by 13% against the previous year's figure. In general, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 17%. As a result, imports attained the peak of 289 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel ore imports skyrocketed to $3.8K in 2022. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year. As a result, imports reached the peak of $6.4K. From 2021 to 2022, the growth of imports failed to regain momentum.