Price for Nickel Oxides and Hydroxides in the UK - 2023
Contents:
- Price for Nickel Oxides and Hydroxides in the UK (CIF) - 2022
- Price for Nickel Oxides and Hydroxides in the UK (FOB) - 2022
- Imports of Nickel Oxides and Hydroxides in the UK
- Exports of Nickel Oxides and Hydroxides in the UK
Price for Nickel Oxides and Hydroxides in the UK (CIF) - 2022
The average nickel oxides and hydroxides import price stood at $37,948 per ton in 2022, picking up by 23% against the previous year. In general, the import price saw temperate growth. The pace of growth appeared the most rapid in 2019 an increase of 71%. The import price peaked at $39,189 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 ($95,564 per ton), while the price for Belgium ($24,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel Oxides and Hydroxides in the UK (FOB) - 2022
In 2022, the average nickel oxides and hydroxides export price amounted to $65,580 per ton, picking up by 5.5% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2019 an increase of 24%. As a result, the export price reached the peak level of $98,419 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($88,667 per ton), while the average price for exports to Singapore ($39,320 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 the United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel Oxides and Hydroxides in the UK
In 2022, nickel oxides and hydroxides imports into the UK fell sharply to 18 tons, which is down by -65.1% compared with the previous year. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,150% against the previous year. As a result, imports attained the peak of 50 tons, and then reduced sharply in the following year.
In value terms, nickel oxides and hydroxides imports contracted significantly to $667K in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 884% against the previous year. As a result, imports reached the peak of $1.6M, and then declined dramatically in the following year.
Import of Nickel Oxides and Hydroxides in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | 3.0 | 1,430 | 222 | 760.2% |
Belgium | 59.6 | 8.8 | 2.4 | 195 | 48.5% |
Japan | 45.6 | 6.2 | 53.3 | 191 | 61.2% |
United States | 192 | 113 | 48.6 | 31.2 | -45.4% |
Others | 17.2 | 26.6 | 20.4 | 26.7 | 15.8% |
Total | 315 | 158 | 1,555 | 667 | 28.4% |
Top Suppliers of Nickel Oxides and Hydroxides to the UK in 2022:
- Belgium (8.1 tons)
- Japan (4.9 tons)
- China (4.1 tons)
- United States (0.3 tons)
Exports of Nickel Oxides and Hydroxides in the UK
In 2022, shipments abroad of nickel oxides and hydroxideses decreased by -36.3% to 1.3 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 863% against the previous year. As a result, the exports attained the peak of 2.5 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, nickel oxides and hydroxides exports contracted dramatically to $85K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 547%. As a result, the exports reached the peak of $164K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Nickel Oxides and Hydroxides in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | N/A | N/A | 5.9 | 34.6 | 486.4% |
Estonia | N/A | N/A | 20.9 | 25.6 | 22.5% |
Spain | N/A | N/A | N/A | 6.2 | 0% |
Japan | 1.7 | N/A | 1.9 | 4.6 | 39.3% |
Ireland | N/A | 0.1 | N/A | 3.9 | 524.5% |
China | 1.7 | N/A | N/A | 2.9 | 19.5% |
Singapore | N/A | N/A | N/A | 2.0 | 0% |
Russia | N/A | 10.2 | 37.9 | N/A | 271.6% |
Germany | 8.8 | 43.6 | 4.8 | N/A | -26.1% |
Switzerland | N/A | 64.3 | N/A | N/A | 0% |
Denmark | N/A | N/A | 39.4 | N/A | 0% |
Czech Republic | 8.9 | 10.4 | N/A | N/A | 16.9% |
Turkey | N/A | 27.9 | N/A | N/A | 0% |
Others | 4.3 | 7.7 | 15.7 | 5.3 | 7.2% |
Total | 25.4 | 164 | 127 | 85.1 | 49.6% |
Top Export Markets for Nickel Oxides and Hydroxides from the UK in 2022:
- Belgium (526.0 kg)
- Estonia (360.0 kg)
- Ireland (100.0 kg)
- Spain (100.0 kg)
- Japan (67.0 kg)
- Singapore (50.0 kg)
- China (33.0 kg)
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