Price for Nickel; Unwrought, Not Alloyed in Colombia - 2022

Contents:

1. Price for Nickel; Unwrought, Not Alloyed in Colombia (CIF) - 2022
2. Price for Nickel; Unwrought, Not Alloyed in Colombia (FOB) - 2022
3. Imports of Nickel; Unwrought, Not Alloyed in Colombia
4. Exports of Nickel; Unwrought, Not Alloyed in Colombia

Price for Nickel; Unwrought, Not Alloyed in Colombia (CIF) - 2022

In February 2022, the average nickel; unwrought, not alloyed import price amounted to $21,847 per ton, surging by 3.3% against the previous month. Over the period under review, the import price continues to indicate a mild expansion. The pace of growth was the most pronounced in April 2021 an increase of 23% month-to-month. As a result, import price reached the peak level of $23,613 per ton. From May 2021 to February 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Norway ($24,147 per ton), while the price for Finland ($20,265 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Unwrought, Not Alloyed in Colombia (FOB) - 2022

In 2022, the average nickel; unwrought, not alloyed export price amounted to $8,392 per ton, surging by 11% against the previous year. Overall, the export price, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15%. The export price peaked at $24,349 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($8,453 per ton), while the average price for exports to the United States amounted to $6,706 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-9.9%).

Imports of Nickel; Unwrought, Not Alloyed in Colombia

Nickel; unwrought, not alloyed imports into Colombia declined sharply to 88 tons in 2022, dropping by -15.6% on the year before. Overall, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by 46%. As a result, imports attained the peak of 104 tons, and then shrank sharply in the following year.

In value terms, nickel; unwrought, not alloyed imports dropped rapidly to $1.6M in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of $2M, and then contracted sharply in the following year.

Top Suppliers of Nickel; Unwrought, Not Alloyed to Colombia in 2022:

1. Finland (22.0 tons)
2. Norway (18.8 tons)
3. South Africa (8.1 tons)
4. Canada (3.2 tons)
5. China (1.9 tons)
6. South Korea (1.3 tons)
7. Brazil (1.1 tons)
8. Japan (1.0 tons)
9. Netherlands (0.8 tons)
10. United States (0.7 tons)
11. France (0.6 tons)

Exports of Nickel; Unwrought, Not Alloyed in Colombia

In 2022, overseas shipments of nickel; unwrought, not alloyeds decreased by -21.1% to 47 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 73% against the previous year. As a result, the exports attained the peak of 60 tons, and then contracted remarkably in the following year.

In value terms, nickel; unwrought, not alloyed exports declined to $397K in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of $455K, and then contracted in the following year.

Top Export Markets for Nickel; Unwrought, Not Alloyed from Colombia in 2022:

1. Singapore (41.9 tons)
2. United States (4.9 tons)

Source: IndexBox Market Intelligence Platform