Price for Nickel Oxides and Hydroxides in Malaysia - 2021

Contents:

1. Price for Nickel Oxides and Hydroxides in Malaysia (CIF) - 2021
2. Price for Nickel Oxides and Hydroxides in Malaysia (FOB) - 2022
3. Imports of Nickel Oxides and Hydroxides in Malaysia
4. Exports of Nickel Oxides and Hydroxides in Malaysia

Price for Nickel Oxides and Hydroxides in Malaysia (CIF) - 2021

The average nickel oxides and hydroxides import price stood at $20,575 per ton in December 2021, with an increase of 2.4% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.9%. The growth pace was the most rapid in January 2021 when the average import price increased by 35% month-to-month. Over the period under review, average import prices reached the maximum in December 2021.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was China ($22,602 per ton), while the price for Taiwan (Chinese) totaled $20,158 per ton.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%).

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

In 2022, the average nickel oxides and hydroxides export price amounted to $21,916 per ton, waning by -6.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $27,096 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($45,289 per ton), while the average price for exports to Germany amounted to $20,861 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1,235.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel Oxides and Hydroxides in Malaysia

In 2022, after three years of growth, there was significant decline in purchases abroad of nickel oxides and hydroxideses, when their volume decreased by -11.5% to 478 tons. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year.

In value terms, nickel oxides and hydroxides imports contracted notably to $7.8M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 98% against the previous year.

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

1. Taiwan (Chinese) (292.8 tons)
2. China (161.6 tons)
3. Japan (18.2 tons)

Exports of Nickel Oxides and Hydroxides in Malaysia

In 2022, nickel oxides and hydroxides exports from Malaysia shrank to 72 tons, waning by -5.5% against 2021. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 50%.

In value terms, nickel oxides and hydroxides exports contracted to $1.6M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $1.8M, and then declined in the following year.

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

1. Germany (69.1 tons)
2. Singapore (3.1 tons)

Source: IndexBox Market Intelligence Platform