Price for Nickel Oxides and Hydroxides in Brazil - 2023

Contents:

1. Price for Nickel Oxides and Hydroxides in Brazil (CIF) - 2022
2. Price for Nickel Oxides and Hydroxides in Brazil (FOB) - 2022
3. Imports of Nickel Oxides and Hydroxides in Brazil
4. Exports of Nickel Oxides and Hydroxides in Brazil

Price for Nickel Oxides and Hydroxides in Brazil (CIF) - 2022

The average nickel oxides and hydroxides import price stood at $28,011 per ton in 2022, picking up by 72% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 92%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 United States ($42,545 per ton), while the price for South Korea ($23,308 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel Oxides and Hydroxides in Brazil (FOB) - 2022

The average nickel oxides and hydroxides export price stood at $9,097 per ton in 2022, picking up by 243% against the previous year. In general, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +9.5% per year.

Imports of Nickel Oxides and Hydroxides in Brazil

In 2022, the amount of nickel oxides and hydroxideses imported into Brazil contracted notably to 20 tons, with a decrease of -69.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of 67 tons, and then declined sharply in the following year.

In value terms, nickel oxides and hydroxides imports shrank dramatically to $571K in 2022. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports reached the peak of $1.1M, and then declined rapidly in the following year.

Top Suppliers of Nickel Oxides and Hydroxides to Brazil in 2022:

1. Netherlands (5.0 tons)
2. South Korea (5.0 tons)
3. Japan (4.0 tons)
4. United States (3.3 tons)
5. Philippines (3.0 tons)

Exports of Nickel Oxides and Hydroxides in Brazil

In 2022, shipments abroad of nickel oxides and hydroxideses decreased by -90.4% to 14 tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 997% against the previous year. As a result, the exports reached the peak of 175 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel oxides and hydroxides exports dropped notably to $123K in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 737% against the previous year. As a result, the exports reached the peak of $507K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Nickel Oxides and Hydroxides from Brazil in 2022:

1. Argentina (13.5 tons)

Source: IndexBox Market Intelligence Platform