Price for Nickel; Unwrought, Not Alloyed in Singapore - 2022
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Singapore (FOB) - 2022
- Price for Nickel; Unwrought, Not Alloyed in Singapore (CIF) - 2022
- Exports of Nickel; Unwrought, Not Alloyed in Singapore
- Imports of Nickel; Unwrought, Not Alloyed in Singapore
Price for Nickel; Unwrought, Not Alloyed in Singapore (FOB) - 2022
In September 2022, the average nickel; unwrought, not alloyed export price amounted to $30,856 per ton, surging by 3.9% against the previous month. In general, the export price recorded pronounced growth. The most prominent rate of growth was recorded in January 2022 an increase of 44% m-o-m. The export price peaked at $45,397 per ton in April 2022; however, from May 2022 to September 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In September 2022, the highest price was recorded for prices to Indonesia ($45,326 per ton) and China ($37,535 per ton), while the average price for exports to Australia ($30,339 per ton) and Vietnam ($30,417 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Singapore (CIF) - 2022
In 2022, the average nickel; unwrought, not alloyed import price amounted to $20,854 per ton, growing by 31% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; unwrought, not alloyed import price increased by +29.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($25,445 per ton), while the price for India ($1,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Unwrought, Not Alloyed in Singapore
In 2022, approx. 16K tons of nickel; unwrought, not alloyeds were exported from Singapore; waning by -67.7% compared with 2021. Over the period under review, exports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 477%. As a result, the exports reached the peak of 50K tons, and then contracted rapidly in the following year.
In value terms, nickel; unwrought, not alloyed exports contracted remarkably to $312M in 2022. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 760% against the previous year. As a result, the exports reached the peak of $920M, and then declined dramatically in the following year.
| Export of Nickel; Unwrought, Not Alloyed in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 83.5 | 40.1 | 699 | 154 | 22.6% |
| Netherlands | 20.2 | 5.1 | 20.1 | 72.9 | 53.4% |
| United States | 3.3 | N/A | N/A | 20.7 | 84.4% |
| South Korea | 20.5 | 8.0 | 111 | 19.2 | -2.2% |
| India | 10.0 | 39.7 | 31.0 | 14.6 | 13.4% |
| Taiwan (Chinese) | N/A | 4.2 | 7.5 | 9.1 | 47.2% |
| Malaysia | 42.8 | 1.4 | 3.2 | 1.7 | -65.9% |
| Others | 21.8 | 8.5 | 48.1 | 20.7 | -1.7% |
| Total | 202 | 107 | 920 | 312 | 15.6% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Singapore in 2022:
- China (7.1K tons)
- Netherlands (5.8K tons)
- United States (0.8K tons)
- South Korea (0.7K tons)
- India (0.6K tons)
- Taiwan (Chinese) (0.4K tons)
- Malaysia (0.1K tons)
Imports of Nickel; Unwrought, Not Alloyed in Singapore
In 2022, after two years of decline, there was significant growth in supplies from abroad of nickel; unwrought, not alloyeds, when their volume increased by 62% to 5.8K tons. In general, imports, however, continue to indicate a dramatic descent.
In value terms, nickel; unwrought, not alloyed imports surged to $120M in 2022. Over the period under review, imports, however, recorded a precipitous setback.
| Import of Nickel; Unwrought, Not Alloyed in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 163 | 99.1 | 0.2 | 44.9 | -34.9% |
| Russia | 93.1 | 37.9 | 6.6 | 38.1 | -25.8% |
| Finland | N/A | 2.7 | 8.1 | 14.8 | 134.1% |
| Canada | 4.1 | 2.0 | 8.4 | 12.2 | 43.8% |
| South Africa | 51.8 | 64.1 | 30.2 | 7.8 | -46.8% |
| India | N/A | N/A | N/A | 0.6 | 0% |
| Norway | 16.6 | 1.0 | 0.2 | N/A | -89.0% |
| Japan | 37.2 | 77.3 | N/A | N/A | 107.8% |
| Colombia | N/A | 7.0 | N/A | N/A | 0% |
| China | 14.2 | N/A | 0.6 | N/A | -79.4% |
| Others | 14.2 | 13.0 | 2.3 | 1.7 | -50.7% |
| Total | 394 | 304 | 56.7 | 120 | -32.7% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Singapore in 2022:
- China (undefined tons)
- Australia (1763.0 tons)
- Russia (1599.1 tons)
- Finland (915.5 tons)
- South Africa (521.5 tons)
- Canada (500.0 tons)
- India (358.0 tons)
- Japan (0.7 tons)
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This report provides an in-depth analysis of the nickel market in Singapore.
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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 Singapore.
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This report provides an in-depth analysis of the nickel market in Singapore.
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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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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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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.
1192
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...
820
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...
1001
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%
