Price for Nickel Oxides and Hydroxides in Indonesia - 2022

Contents:

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

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

In March 2022, the average nickel oxides and hydroxides import price amounted to $24,874 per ton, rising by 10% against the previous month. Over the period under review, import price indicated noticeable growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, nickel oxides and hydroxides import price increased by +70.9% against September 2021 indices. The pace of growth was the most pronounced in April 2021 when the average import price increased by 35% month-to-month. The import price peaked in March 2022.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was the Philippines ($25,900 per ton), while the price for Japan stood at $17,970 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average nickel oxides and hydroxides export price stood at $115,238 per ton in 2022, rising by 53% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 118%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($117,402 per ton), while the average price for exports to Belgium ($8,500 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 China (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Nickel Oxides and Hydroxides in Indonesia

In 2022, imports of nickel oxides and hydroxideses into Indonesia dropped slightly to 367 tons, which is down by -2.7% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 377 tons, and then dropped slightly in the following year.

In value terms, nickel oxides and hydroxides imports soared to $7.2M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. China (176.8 tons)
2. Canada (61.5 tons)
3. Philippines (57.6 tons)
4. Taiwan (Chinese) (46.3 tons)
5. Netherlands (12.2 tons)
6. Japan (6.9 tons)

Exports of Nickel Oxides and Hydroxides in Indonesia

In 2022, after three years of growth, there was significant decline in overseas shipments of nickel oxides and hydroxideses, when their volume decreased by -36.3% to 193 kg. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year.

In value terms, nickel oxides and hydroxides exports declined modestly to $22K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 158% against the previous year.

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

1. China (189.0 kg)
2. Belgium (2.0 kg)

Source: IndexBox Market Intelligence Platform