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

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

In 2022, the average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $34,845 per ton, with an increase of 9.3% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 89% against the previous year. The import price peaked at $40,230 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.3% per year.

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

In 2022, purchases abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies increased by 82% to 414 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt curtailment.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies surged to $14K in 2022. Over the period under review, imports, however, faced a deep slump.