Price for Nickel Oxides and Hydroxides in South Africa - 2023

Contents:

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

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

The average nickel oxides and hydroxides import price stood at $33,784 per ton in 2022, surging by 65% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel oxides and hydroxides import price increased by +76.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue 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 Netherlands ($50,571 per ton), while the price for the United States ($29,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average nickel oxides and hydroxides export price amounted to $23,423 per ton, growing by 260% against the previous year. Over the period under review, the export price posted significant growth. The growth pace was the most rapid in 2014 an increase of 1,733% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Russia ($28,740 per ton), while the average price for exports to China ($294 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 (-9.3%).

Imports of Nickel Oxides and Hydroxides in South Africa

Nickel oxides and hydroxides imports into South Africa dropped markedly to 7.8 tons in 2022, shrinking by -77.7% compared with 2021 figures. In general, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 174%. As a result, imports attained the peak of 35 tons, and then dropped sharply in the following year.

In value terms, nickel oxides and hydroxides imports reduced rapidly to $262K in 2022. Overall, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 145%. As a result, imports attained the peak of $709K, and then fell markedly in the following year.

Top Suppliers of Nickel Oxides and Hydroxides to South Africa in 2022:

1. United States (undefined tons)
2. Canada (7.6 tons)

Exports of Nickel Oxides and Hydroxides in South Africa

After two years of decline, shipments abroad of nickel oxides and hydroxideses increased by 276,350% to 5.5 tons in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel oxides and hydroxides exports skyrocketed to $130K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (5.0 tons)
2. Russia (0.5 tons)

Source: IndexBox Market Intelligence Platform