Price for Nickel; Unwrought, Not Alloyed in Chile - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Chile (CIF) - 2022
- Price for Nickel; Unwrought, Not Alloyed in Chile (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Chile
- Exports of Nickel; Unwrought, Not Alloyed in Chile
Price for Nickel; Unwrought, Not Alloyed in Chile (CIF) - 2022
The average nickel; unwrought, not alloyed import price stood at $27,335 per ton in 2022, rising by 50% against the previous year. In general, the import price posted a pronounced expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Norway ($48,531 per ton), while the price for South Africa ($25,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Chile (FOB) - 2022
The average nickel; unwrought, not alloyed export price stood at $42,655 per ton in 2022, growing by 92% against the previous year. Over the period under review, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Bolivia.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +11.7% per year.
Imports of Nickel; Unwrought, Not Alloyed in Chile
In 2022, overseas purchases of nickel; unwrought, not alloyeds were finally on the rise to reach 114 tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, not alloyed imports soared to $3.1M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Not Alloyed in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 590 | 849 | 517 | 2,004 | 50.3% |
| Finland | 514 | 278 | 147 | 1,004 | 25.0% |
| South Africa | N/A | N/A | N/A | 101 | 0% |
| Germany | 85.8 | N/A | N/A | N/A | 0% |
| United Kingdom | 235 | 192 | 368 | N/A | 25.1% |
| Others | 25.5 | 10.9 | N/A | 17.0 | -12.6% |
| Total | 1,450 | 1,331 | 1,032 | 3,125 | 29.2% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Chile in 2022:
- Canada (74.0 tons)
- Finland (36.0 tons)
- South Africa (4.0 tons)
Exports of Nickel; Unwrought, Not Alloyed in Chile
In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; unwrought, not alloyeds, when their volume decreased by -93.9% to 400 kg. Over the period under review, exports saw a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 164%.
In value terms, nickel; unwrought, not alloyed exports fell sharply to $17K in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 155% against the previous year.
| Export of Nickel; Unwrought, Not Alloyed in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 29.5 | 56.7 | 49.5 | 17.1 | -16.6% |
| Peru | N/A | 18.5 | 96.4 | N/A | 421.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.5 | 75.2 | 146 | 17.1 | -16.6% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Chile in 2022:
- Bolivia (400.0 kg)
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This report provides an in-depth analysis of the nickel market in Chile.
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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 Chile.
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This report provides an in-depth analysis of the nickel market in Chile.
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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...
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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.
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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.
1184
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...
812
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...
996
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%
