Price for Nickel; Unwrought, Not Alloyed in Canada - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Canada (FOB) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Canada (CIF) - 2023
- Exports of Nickel; Unwrought, Not Alloyed in Canada
- Imports of Nickel; Unwrought, Not Alloyed in Canada
Price for Nickel; Unwrought, Not Alloyed in Canada (FOB) - 2023
The average nickel; unwrought, not alloyed export price stood at $23,985 per ton in June 2023, waning by -5.9% against the previous month. Overall, the export price saw a slight descent. The pace of growth was the most pronounced in December 2022 an increase of 11% m-o-m. Over the period under review, the average export prices attained the peak figure at $29,358 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In June 2023, the countries with the highest prices were China ($26,063 per ton) and Australia ($25,570 per ton), while the average price for exports to India ($20,933 per ton) and South Korea ($22,571 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.1%), while the prices for the other major destinations experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in Canada (CIF) - 2023
In June 2023, the average nickel; unwrought, not alloyed import price amounted to $9,913 per ton, rising by 2% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in July 2022 an increase of 14% month-to-month. As a result, import price reached the peak level of $30,113 per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were South Africa ($9,925 per ton) and Norway ($9,925 per ton), while the price for the United States ($8,896 per ton) and the UK ($9,925 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Madagascar (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Nickel; Unwrought, Not Alloyed in Canada
In 2022, overseas shipments of nickel; unwrought, not alloyeds increased by 6.4% to 106K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a slight decline.
In value terms, nickel; unwrought, not alloyed exports surged to $2.7B in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 724 | 761 | 783 | 1,043 | 12.9% |
| Netherlands | 139 | 177 | 180 | 314 | 31.2% |
| China | 208 | 206 | 242 | 310 | 14.2% |
| Belgium | 88.6 | 79.8 | 173 | 208 | 32.9% |
| Japan | 54.4 | 52.5 | 73.7 | 194 | 52.8% |
| South Korea | 45.8 | 41.6 | 108 | 177 | 56.9% |
| Sweden | 3.6 | 4.6 | 17.9 | 79.9 | 181.0% |
| Italy | 53.6 | 31.7 | 44.9 | 54.4 | 0.5% |
| Others | 217 | 152 | 212 | 320 | 13.8% |
| Total | 1,534 | 1,505 | 1,835 | 2,701 | 20.8% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Canada in 2022:
- United States (41.4K tons)
- China (13.1K tons)
- Netherlands (12.4K tons)
- Japan (7.3K tons)
- South Korea (7.2K tons)
- Belgium (7.0K tons)
- Sweden (2.9K tons)
- Italy (1.8K tons)
Imports of Nickel; Unwrought, Not Alloyed in Canada
In 2022, approx. 2K tons of nickel; unwrought, not alloyeds were imported into Canada; picking up by 76% compared with the year before. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, not alloyed imports soared to $27M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Not Alloyed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.0 | 3.9 | 8.2 | 16.4 | 60.1% |
| Norway | 2.0 | 1.2 | 2.1 | 3.6 | 21.6% |
| Australia | 3.1 | 0.9 | 0.9 | 2.8 | -3.3% |
| South Africa | 0.6 | 0.6 | 1.8 | 2.2 | 54.2% |
| Finland | 0.3 | 0.4 | 0.5 | 0.9 | 44.2% |
| Russia | 0.8 | 0.8 | 1.1 | 0.7 | -4.4% |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| United States | 0.2 | 2.1 | 0.5 | 0.3 | 14.5% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 11.1 | 9.9 | 15.2 | 27.4 | 35.1% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Canada in 2022:
- United Kingdom (1041.8 tons)
- Norway (353.6 tons)
- South Africa (221.6 tons)
- Australia (159.4 tons)
- Russia (64.3 tons)
- Japan (55.9 tons)
- Finland (51.5 tons)
- United States (32.3 tons)
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This report provides an in-depth analysis of the nickel market in Canada.
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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 Canada.
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This report provides an in-depth analysis of the nickel market in Canada.
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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.
405
In December 2022, the nickel price stood at $26.8 per kg (FOB, Canada), picking up by 11% against the previous month.
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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...
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
405
In December 2022, the nickel price stood at $26.8 per kg (FOB, Canada), picking up by 11% against the previous month.
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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...
