Nickel; Unwrought, Alloys Price in South Africa - 2023
Contents:
- Nickel; Unwrought, Alloys Price in South Africa (FOB) - 2023
- Nickel; Unwrought, Alloys Price in South Africa (CIF) - 2022
- Nickel; Unwrought, Alloys Exports in South Africa
- Nickel; Unwrought, Alloys Imports in South Africa
Nickel; Unwrought, Alloys Price in South Africa (FOB) - 2023
The average nickel; unwrought, alloys export price stood at $22,000 per ton in July 2023, rising by 1.6% against the previous month. In general, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in February 2023 an increase of 26% month-to-month. The export price peaked at $33,413 per ton in August 2022; however, from September 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In July 2023, the countries with the highest prices were Taiwan (Chinese) ($25,068 per ton) and Australia ($24,464 per ton), while the average price for exports to the United States ($20,422 per ton) and Egypt ($24,287 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Nickel; Unwrought, Alloys Price in South Africa (CIF) - 2022
In 2022, the average nickel; unwrought, alloys import price amounted to $76,111 per ton, with an increase of 63% against the previous year. In general, the import price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2014 an increase of 153% against the previous year. The import price peaked at $100,826 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 ($88,861 per ton), while the price for Belgium ($22,267 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Nickel; Unwrought, Alloys Exports in South Africa
Nickel; unwrought, alloys exports from South Africa dropped markedly to 3.5K tons in 2022, reducing by -39% on the previous year's figure. Over the period under review, exports recorded a dramatic decline. The smallest decline of -24.2% was in 2020.
In value terms, nickel; unwrought, alloys exports declined to $89M in 2022. In general, exports saw a abrupt contraction.
| Export of Nickel; Unwrought, Alloys in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.5 | 21.9 | 22.1 | 27.5 | -4.4% |
| Spain | N/A | 0.3 | 8.0 | 15.9 | 628.0% |
| Netherlands | 29.1 | 10.5 | 6.2 | 10.2 | -29.5% |
| Finland | N/A | N/A | 6.1 | 9.2 | 50.8% |
| Mexico | N/A | N/A | 1.7 | 7.1 | 317.6% |
| South Korea | 7.6 | 1.8 | 4.2 | 6.2 | -6.6% |
| United Kingdom | 4.1 | 3.0 | 1.7 | 5.3 | 8.9% |
| Japan | 12.7 | 3.4 | 13.5 | 4.4 | -29.8% |
| Singapore | 26.9 | 26.9 | 22.3 | 0.2 | -80.5% |
| China | 15.1 | 34.6 | 4.2 | N/A | -47.3% |
| India | 20.6 | 17.0 | 1.6 | N/A | -72.1% |
| Others | 18.6 | 9.3 | 10.4 | 3.3 | -43.8% |
| Total | 166 | 129 | 102 | 89.3 | -18.7% |
Top Export Markets for Nickel; Unwrought, Alloys from South Africa in 2022:
- United States (1154.5 tons)
- Spain (608.2 tons)
- Netherlands (384.8 tons)
- Finland (344.0 tons)
- Mexico (260.3 tons)
- South Korea (210.7 tons)
- United Kingdom (209.9 tons)
- Japan (149.6 tons)
- Singapore (10.5 tons)
- India (1.7 tons)
Nickel; Unwrought, Alloys Imports in South Africa
For the third consecutive year, South Africa recorded decline in supplies from abroad of nickel; unwrought, alloyses, which decreased by -70% to 316 kg in 2022. Overall, imports showed a dramatic slump. The smallest decline of -0.2% was in 2020.
In value terms, nickel; unwrought, alloys imports reduced sharply to $24K in 2022. In general, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 1.8% against the previous year.
| Import of Nickel; Unwrought, Alloys in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.0 | 10.9 | 23.2 | 18.7 | -12.6% |
| Germany | 4.2 | 1.6 | 3.4 | 3.2 | -8.7% |
| Austria | 0.2 | 1.2 | N/A | 1.4 | 91.3% |
| United Kingdom | N/A | N/A | 12.8 | 0.4 | -96.9% |
| Belgium | 28.5 | 34.4 | 7.3 | 0.3 | -78.1% |
| France | N/A | N/A | 2.2 | N/A | 0% |
| Others | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Total | 61.3 | 48.1 | 49.0 | 24.1 | -26.7% |
Top Suppliers of Nickel; Unwrought, Alloys to South Africa in 2022:
- United States (226.0 kg)
- Germany (36.0 kg)
- Austria (26.0 kg)
- Belgium (15.0 kg)
- United Kingdom (11.0 kg)
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This report provides an in-depth analysis of the nickel market in South Africa.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in South Africa.
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This report provides an in-depth analysis of the nickel market in South Africa.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Nickel saw its most rapid growth in August 2023, with a month-on-month increase of 82%. However, by December 2023, nickel exports dropped to $55M in value.
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In April 2023, the nickel price stood at $26,421 per ton (FOB, South Africa), standing approximately at the previous month.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel saw its most rapid growth in August 2023, with a month-on-month increase of 82%. However, by December 2023, nickel exports dropped to $55M in value.
934
In April 2023, the nickel price stood at $26,421 per ton (FOB, South Africa), standing approximately at the previous month.
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
