Price for Nickel; Unwrought, Not Alloyed in Australia - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Australia (CIF) - 2022
- Price for Nickel; Unwrought, Not Alloyed in Australia (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Australia
- Exports of Nickel; Unwrought, Not Alloyed in Australia
Price for Nickel; Unwrought, Not Alloyed in Australia (CIF) - 2022
In 2022, the average nickel; unwrought, not alloyed import price amounted to $16,777 per ton, which is down by -2.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19%. The import price peaked at $18,135 per ton in 2012; however, from 2013 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 Hong Kong SAR ($33,038 per ton), while the price for China ($13,265 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Unwrought, Not Alloyed in Australia (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $13,302 per ton, stabilizing at the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price decreased by -1.8% against the previous year. Over the period under review, the average export prices hit record highs at $13,520 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($14,419 per ton) and China ($13,764 per ton), while the average price for exports to Japan ($12,490 per ton) and South Korea ($12,816 per ton) were amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+97.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Unwrought, Not Alloyed in Australia
In 2022, nickel; unwrought, not alloyed imports into Australia fell sharply to 600 tons, reducing by -31.4% against the previous year. Over the period under review, imports continue to indicate a sharp decrease. The smallest decline of -24.5% was in 2020.
In value terms, nickel; unwrought, not alloyed imports dropped remarkably to $10M in 2022. Overall, imports faced a sharp contraction. The smallest decline of -16.2% was in 2021.
| Import of Nickel; Unwrought, Not Alloyed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.3 | 15.4 | 12.3 | 6.5 | -31.6% |
| China | 0.1 | 0.1 | 0.2 | 1.7 | 157.1% |
| South Africa | 1.1 | 0.3 | 1.7 | 0.6 | -18.3% |
| Hong Kong SAR | 0.2 | 0.3 | 0.6 | 0.5 | 35.7% |
| Madagascar | N/A | N/A | N/A | 0.3 | 0% |
| Singapore | 0.9 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.9 | 0.2 | 0.4 | 10.1% |
| Total | 22.9 | 18.0 | 15.1 | 10.1 | -23.9% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Australia in 2022:
- Canada (396.2 tons)
- China (131.0 tons)
- South Africa (24.0 tons)
- Hong Kong SAR (15.0 tons)
- Madagascar (12.0 tons)
Exports of Nickel; Unwrought, Not Alloyed in Australia
For the third consecutive year, Australia recorded decline in overseas shipments of nickel; unwrought, not alloyeds, which decreased by 0% to 5.4K tons in 2022. Over the period under review, exports faced a precipitous decline. The smallest decline of -85.9% was in 2020.
In value terms, nickel; unwrought, not alloyed exports stood at $72M in 2022. In general, exports continue to indicate a sharp contraction. The smallest decline of -86.2% was in 2020.
| Export of Nickel; Unwrought, Not Alloyed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 274 | 37.6 | N/A | 25.2 | -54.9% |
| Japan | 81.8 | 17.4 | N/A | 8.8 | -52.4% |
| Netherlands | 63.3 | 11.5 | N/A | 8.4 | -49.0% |
| United States | 17.2 | 6.0 | N/A | 5.1 | -33.3% |
| South Korea | 71.9 | 13.3 | N/A | 5.1 | -58.6% |
| Germany | 15.8 | 2.7 | N/A | 1.9 | -50.6% |
| United Kingdom | N/A | 0.1 | N/A | 1.0 | 216.2% |
| Singapore | 70.5 | 9.0 | N/A | 0.9 | -76.6% |
| Malaysia | 109 | 1.6 | N/A | N/A | -98.5% |
| Taiwan (Chinese) | 91.2 | 7.8 | N/A | N/A | -91.4% |
| Others | 244 | 36.6 | N/A | 15.3 | -60.3% |
| Total | 1,038 | 144 | N/A | 71.9 | -58.9% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Australia in 2022:
- China (1833.2 tons)
- Japan (707.2 tons)
- Netherlands (635.6 tons)
- South Korea (401.7 tons)
- United States (382.2 tons)
- Germany (145.4 tons)
- United Kingdom (72.0 tons)
- Singapore (67.5 tons)
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This report provides an in-depth analysis of the nickel market in Australia.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Australia.
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This report provides an in-depth analysis of the nickel market in Australia.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
816
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
999
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
84
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1187
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
816
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
999
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
