Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa - 2023

Contents:

  1. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa (CIF) - 2022
  2. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa (FOB) - 2022
  3. Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa
  4. Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa (CIF) - 2022

In 2022, the average import price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $16,103 per ton, falling by -49% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 65% against the previous year. As a result, import price reached the peak level of $37,440 per ton. From 2017 to 2022, the average import prices remained at a 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 Netherlands ($362,000 per ton), while the price for China ($10,759 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 (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa (FOB) - 2022

The average export price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $8,162 per ton in 2022, waning by -33.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 when the average export price increased by 1,177%. As a result, the export price reached the peak level of $46,933 per ton. From 2018 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 Germany ($12,162 per ton), while the average price for exports to Swaziland ($1,656 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 Germany (+33.2%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa

In 2022, the amount of nickel; plates, sheets, strip and foil, of nickel alloyses imported into South Africa skyrocketed to 82 tons, increasing by 294% against the previous year. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses skyrocketed to $1.3M in 2022. Overall, imports showed a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China26.97.034.0663191.0%
Germany31090.03443312.2%
United States460135192170-28.2%
Sweden83.260.07.156.9-11.9%
United Kingdom17221.541.947.0-35.1%
India19.32.84.033.119.7%
Italy1111363.10.1-90.3%
Others55.814.632.220.8-28.0%
Total1,2384676581,3222.2%

Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to South Africa in 2022:

  1. China (61.6 tons)
  2. Germany (9.3 tons)
  3. United States (5.1 tons)
  4. United Kingdom (2.4 tons)
  5. India (2.0 tons)
  6. Sweden (1.1 tons)

Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa

In 2022, overseas shipments of nickel; plates, sheets, strip and foil, of nickel alloyses decreased by -21% to 4.1 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 92% against the previous year. As a result, the exports reached the peak of 16 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses dropped notably to $33K in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,215%. As a result, the exports attained the peak of $212K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.010.438.619.9171.0%
NetherlandsN/AN/A17.210.9-36.6%
Swaziland0.2N/A0.42.1119.0%
MalawiN/A9.2N/AN/A0%
KenyaN/A7.7N/AN/A0%
Djibouti3.8N/AN/AN/A0%
TurkeyN/A184N/AN/A0%
Others11.10.46.70.4-67.0%
Total16.121263.033.327.4%

Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from South Africa in 2022:

  1. Germany (1.6 tons)
  2. Swaziland (1.3 tons)
  3. Netherlands (1.2 tons)

Source: IndexBox Market Intelligence Platform

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