Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Hong Kong SAR - 2022

Contents:

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

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $7,604 per ton, shrinking by -46.5% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 106% against the previous year. The export price peaked at $26,538 per ton in 2019; however, from 2020 to 2022, the 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 -6.6% per year.

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

In 2022, the average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $9,750 per ton, declining by -15.2% against the previous year. In general, the import price, however, recorded slight growth. The most prominent rate of growth was recorded in 2019 an increase of 243%. The import price peaked at $25,324 per ton in 2015; however, from 2016 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 United States ($50,778 per ton), while the price for Japan ($4,908 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), 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 Hong Kong SAR

For the fourth consecutive year, Hong Kong SAR recorded growth in shipments abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies, which increased by 3,000% to 75 tons in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies soared to $569K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. China (74.2 tons)

Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Hong Kong SAR

Imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies into Hong Kong SAR skyrocketed to 38 tons in 2022, jumping by 61% compared with the year before. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.7% against 2020 indices.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies skyrocketed to $368K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 49%. As a result, imports reached the peak of $548K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Turkey (21.1 tons)
2. Japan (5.8 tons)
3. China (5.4 tons)
4. Malaysia (3.1 tons)
5. United States (2.4 tons)

Source: IndexBox Market Intelligence Platform