Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan - 2023
Contents:
- Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (CIF) - 2023
- Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (FOB) - 2022
- Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan
- Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan
Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (CIF) - 2023
In November 2023, the average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $10,044 per ton, shrinking by -9.3% against the previous month. Over the period under review, the import price recorded a slight slump. The pace of growth was the most pronounced in December 2022 an increase of 15% against the previous month. Over the period under review, average import prices hit record highs at $15,156 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($12,505 per ton), while the price for the Philippines ($7,940 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (FOB) - 2022
The average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $5,584 per ton in 2022, declining by -30.8% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 285%. The export price peaked at $10,049 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($12,543 per ton), while the average price for exports to China ($190 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 Malaysia (+12.4%), while the prices for the other major destinations experienced a decline.
Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan
In 2022, approx. 182K tons of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies were imported into Japan; waning by -3.7% against the previous year. Over the period under review, imports showed a deep contraction. The smallest decline of -1.9% was in 2020.
In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies soared to $2.5B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 774 | 790 | 944 | 1,209 | 16.0% |
| Philippines | 656 | 586 | 748 | 986 | 14.5% |
| Finland | 49.4 | 109 | 106 | 132 | 38.8% |
| Australia | 113 | 51.8 | 97.9 | 131 | 5.1% |
| Others | 4.8 | 3.0 | 1.9 | 3.5 | -10.0% |
| Total | 1,597 | 1,540 | 1,898 | 2,461 | 15.5% |
Top Suppliers of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to Japan in 2022:
- Philippines (89.0K tons)
- Indonesia (77.9K tons)
- Finland (8.2K tons)
- Australia (7.0K tons)
Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan
In 2022, after two years of decline, there was significant growth in overseas shipments of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies, when their volume increased by 80% to 62 tons. In general, exports, however, recorded a abrupt downturn.
In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies surged to $345K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 101%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | 10.9 | 104 | 854.1% |
| Canada | N/A | N/A | N/A | 64.1 | 0% |
| United States | 22.3 | 30.1 | 30.0 | 28.0 | 7.9% |
| China | 24.7 | N/A | 6.6 | 7.5 | -32.8% |
| Indonesia | N/A | 108 | N/A | N/A | 0% |
| Others | 25.6 | N/A | 229 | 141 | 76.6% |
| Total | 72.6 | 138 | 277 | 345 | 68.1% |
Top Export Markets for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from Japan in 2022:
- China (39.5 tons)
- South Korea (10.9 tons)
- United States (5.5 tons)
- Canada (5.1 tons)
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