Nickel Ore Price in Uganda - 2022
Contents:
Nickel Ore Price in Uganda (FOB) - 2022
The average nickel ore export price stood at $1,083 per ton in 2022, increasing by 2.3% against the previous year. In general, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 31%. As a result, the export price attained the peak level of $2,003 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.4% per year.
Nickel Ore Exports in Uganda
In 2022, after three years of growth, there was significant decline in shipments abroad of nickel ores and concentrates, when their volume decreased by -5.1% to 140 tons. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports attained the peak of 147 tons, and then fell in the following year.
In value terms, nickel ore exports fell to $151K in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.1%.
| Export of Nickel Ore in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 139 | 147 | 156 | 151 | 2.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 139 | 147 | 156 | 151 | 2.8% |
Top Export Markets for Nickel Ore from Uganda in 2022:
- India (139.9 tons)
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