Price for Nickel Oxides and Hydroxides in Turkey - 2023

Contents:

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

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

The average nickel oxides and hydroxides import price stood at $17,947 per ton in 2022, increasing by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $18,758 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($22,903 per ton), while the price for the Netherlands ($17,732 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average nickel oxides and hydroxides export price stood at $11,956 per ton in 2022, picking up by 111% against the previous year. In general, the export price enjoyed a noticeable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($42,333 per ton), while the average price for exports to Israel ($2,400 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 Spain (+2,051.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel Oxides and Hydroxides in Turkey

In 2022, supplies from abroad of nickel oxides and hydroxideses decreased by -15.5% to 110 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. As a result, imports attained the peak of 192 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel oxides and hydroxides imports contracted to $2M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of $2.3M. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. Netherlands (88.8 tons)
2. South Korea (17.4 tons)
3. Philippines (2.6 tons)

Exports of Nickel Oxides and Hydroxides in Turkey

In 2022, overseas shipments of nickel oxides and hydroxideses decreased by -75.4% to 160 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 3,969%. As a result, the exports attained the peak of 651 kg, and then shrank notably in the following year.

In value terms, nickel oxides and hydroxides exports fell significantly to $1.9K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,656%. As a result, the exports reached the peak of $3.7K, and then shrank dramatically in the following year.

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

1. Iraq (91.0 kg)
2. Germany (30.0 kg)
3. Israel (15.0 kg)
4. United States (6.0 kg)
5. Spain (5.0 kg)
6. Georgia (4.0 kg)
7. United Kingdom (4.0 kg)
8. South Korea (1.0 kg)

Source: IndexBox Market Intelligence Platform