Price for Nickel Oxides and Hydroxides in the United States - 2023
Contents:
- Price for Nickel Oxides and Hydroxides in the United States (CIF) - 2023
- Price for Nickel Oxides and Hydroxides in the United States (FOB) - 2023
- Imports of Nickel Oxides and Hydroxides in the United States
- Exports of Nickel Oxides and Hydroxides in the United States
Price for Nickel Oxides and Hydroxides in the United States (CIF) - 2023
The average nickel oxides and hydroxides import price stood at $10,776 per ton in August 2023, which is down by -26.1% against the previous month. Over the period under review, the import price faced a abrupt setback. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 78% against the previous month. Over the period under review, average import prices hit record highs at $44,506 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($120K per ton), while the price for China ($8,658 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel Oxides and Hydroxides in the United States (FOB) - 2023
In August 2023, the average nickel oxides and hydroxides export price amounted to $11,895 per ton, falling by -20.2% against the previous month. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in February 2023 an increase of 103% month-to-month. The export price peaked at $28,435 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Mexico ($21,821 per ton), while the average price for exports to Singapore amounted to $4,072 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel Oxides and Hydroxides in the United States
In 2022, approx. 3.3K tons of nickel oxides and hydroxideses were imported into the United States; increasing by 194% compared with 2021. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel oxides and hydroxides imports soared to $68M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel Oxides and Hydroxides in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 0.3 | 6.4 | 50.7 | 452.9% |
| Japan | 4.4 | 3.4 | 3.7 | 7.2 | 17.8% |
| Philippines | 2.2 | 2.1 | 3.1 | 5.1 | 32.3% |
| Belgium | 0.1 | N/A | 0.3 | 1.6 | 152.0% |
| Netherlands | 1.6 | 0.8 | 1.7 | 1.0 | -14.5% |
| South Korea | 0.1 | 0.3 | 1.7 | 0.9 | 108.0% |
| Canada | 0.1 | 0.3 | 0.2 | 0.1 | 0.0% |
| Others | 0.4 | 0.3 | 0.6 | 1.3 | 48.1% |
| Total | 9.3 | 7.4 | 17.7 | 67.9 | 94.0% |
Top Suppliers of Nickel Oxides and Hydroxides to the United States in 2022:
- China (2197.3 tons)
- Philippines (397.1 tons)
- Japan (301.2 tons)
- Belgium (154.0 tons)
- South Korea (71.4 tons)
- Netherlands (49.5 tons)
- Canada (11.3 tons)
Exports of Nickel Oxides and Hydroxides in the United States
Nickel oxides and hydroxides exports from the United States declined modestly to 203 tons in 2022, waning by -3.3% compared with the previous year. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 44%.
In value terms, nickel oxides and hydroxides exports expanded markedly to $5.2M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel Oxides and Hydroxides in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 1,403 | N/A | 1,446 | 1.5% |
| Canada | 830 | 1,165 | 667 | 1,138 | 11.1% |
| Taiwan (Chinese) | 922 | 819 | 802 | 1,056 | 4.6% |
| Mexico | 516 | 164 | 302 | 816 | 16.5% |
| Brazil | 163 | 140 | 176 | 187 | 4.7% |
| China | 204 | 247 | 759 | 139 | -12.0% |
| South Korea | 213 | 193 | 187 | 27.3 | -49.6% |
| India | 495 | 12.2 | 289 | 4.9 | -78.5% |
| Others | 837 | 430 | 1,525 | 374 | -23.5% |
| Total | 4,180 | 4,574 | 4,706 | 5,188 | 7.5% |
Top Export Markets for Nickel Oxides and Hydroxides from the United States in 2022:
- Canada (98.7 tons)
- Mexico (30.7 tons)
- Belgium (30.5 tons)
- Taiwan (Chinese) (23.5 tons)
- Brazil (7.2 tons)
- China (4.2 tons)
- South Korea (0.8 tons)
- India (0.1 tons)
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