Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $33,968 per ton in 2022, rising by 1.6% against the previous year. Overall, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46%. The import price peaked at $60,877 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($64,797 per ton), while the price for the United States ($10,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa (FOB) - 2022
In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $8,648 per ton, shrinking by -54.7% against the previous year. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 197%. As a result, the export price attained the peak level of $71,500 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($22,677 per ton), while the average price for exports to Zambia ($6,700 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 Mozambique (+10.4%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa
In 2022, after three years of growth, there was significant decline in overseas purchases of nickel; bars, rods and profiles, not alloyeds, when their volume decreased by -32.4% to 2.4 tons. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 981% against the previous year. As a result, imports reached the peak of 3.6 tons, and then dropped remarkably in the following year.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds declined significantly to $82K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 500%. As a result, imports attained the peak of $119K, and then shrank markedly in the following year.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 4.3 | 21.8 | 71.7 | 308.3% |
| United Kingdom | 0.7 | 2.8 | 3.8 | 4.8 | 90.0% |
| Austria | N/A | N/A | N/A | 2.9 | 0% |
| Germany | N/A | 3.0 | 1.3 | 0.9 | -45.2% |
| China | 8.5 | 1.4 | N/A | 0.6 | -58.7% |
| Russia | N/A | N/A | 92.3 | N/A | 0% |
| Others | 0.8 | 8.3 | N/A | 1.0 | 7.7% |
| Total | 10.0 | 19.9 | 119 | 81.9 | 101.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to South Africa in 2022:
- India (2248.0 kg)
- United Kingdom (74.0 kg)
- Austria (54.0 kg)
- Germany (16.0 kg)
- China (7.0 kg)
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa
In 2022, after two years of decline, there was significant growth in shipments abroad of nickel; bars, rods and profiles, not alloyeds, when their volume increased by 11,382% to 1.3 tons. Over the period under review, exports, however, recorded a abrupt slump.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds soared to $11K in 2022. Overall, exports, however, continue to indicate a dramatic descent.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | N/A | N/A | 6.9 | 0% |
| Namibia | 0.1 | 0.2 | 0.2 | 2.8 | 203.7% |
| Mozambique | 1.9 | 0.4 | N/A | 1.1 | -16.7% |
| Democratic Republic of the Congo | 48.6 | 57.8 | N/A | N/A | 18.9% |
| Others | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Total | 50.7 | 58.7 | 0.2 | 10.9 | -40.1% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from South Africa in 2022:
- Zambia (1025.0 kg)
- Namibia (124.0 kg)
- Mozambique (100.0 kg)
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