Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium - 2023

Contents:

1. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium (FOB) - 2023
2. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium (CIF) - 2022
3. Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium
4. Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium (FOB) - 2023

In October 2023, the average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $3,549 per ton, increasing by 3.2% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 1,105% against the previous month. Over the period under review, the average export prices attained the peak figure at $14,415 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.

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

From November 2022 to October 2023, the rate of growth in terms of prices for the Philippines amounted to 0.0% per month.

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium (CIF) - 2022

The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $14,279 per ton in 2022, waning by -12.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 155% against the previous year. The import price peaked at $17,115 per ton in 2013; however, from 2014 to 2022, import prices stood 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 the Netherlands ($23,250 per ton), while the price for Turkey ($3,088 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies, which increased by 11% to 1.1K tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 43,694% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies reduced dramatically to $5.7M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 75,595% against the previous year.

Top Export Markets for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from Belgium in 2022:

1. Canada (447.5 tons)
2. Germany (261.5 tons)
3. India (218.6 tons)
4. France (133.3 tons)
5. Turkey (18.8 tons)

Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies, when their volume decreased by -86.4% to 123 tons. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 587%. As a result, imports attained the peak of 905 tons, and then shrank remarkably in the following year.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies reduced remarkably to $1.8M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 703%. As a result, imports reached the peak of $15M, and then dropped markedly in the following year.

Top Suppliers of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to Belgium in 2022:

1. Canada (100.0 tons)
2. Turkey (20.9 tons)
3. Germany (2.4 tons)

Source: IndexBox Market Intelligence Platform