Price for Nickel; Waste and Scrap in Australia - 2023

Contents:

1. Price for Nickel; Waste and Scrap in Australia (CIF) - 2022
2. Price for Nickel; Waste and Scrap in Australia (FOB) - 2021
3. Imports of Nickel; Waste and Scrap in Australia
4. Exports of Nickel; Waste and Scrap in Australia

Price for Nickel; Waste and Scrap in Australia (CIF) - 2022

In 2022, the average nickel; waste and scrap import price amounted to $2,790 per ton, dropping by -64.5% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs at $9,457 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -0.9% per year.

Price for Nickel; Waste and Scrap in Australia (FOB) - 2021

The average nickel; waste and scrap export price stood at $2,940 per ton in May 2020, increasing by 134% against the previous month. Overall, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices reached the maximum at $5,733 per ton in January 2020; however, from February 2020 to May 2020, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In May 2020, the country with the highest price was the UK ($3,110 per ton), while the average price for exports to the United States amounted to $2,739 per ton.

From January 2020 to May 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+305.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Waste and Scrap in Australia

In 2022, approx. 2.4 tons of nickel; waste and scraps were imported into Australia; which is down by -99.8% compared with 2021 figures. Over the period under review, imports saw a significant curtailment. The smallest decline of -21.9% was in 2021.

In value terms, nickel; waste and scrap imports reduced sharply to $6.8K in 2022. Overall, imports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 33%.

Top Suppliers of Nickel; Waste and Scrap to Australia in 2022:

1. United States (2.4 tons)

Exports of Nickel; Waste and Scrap in Australia

For the third year in a row, Australia recorded decline in shipments abroad of nickel; waste and scraps, which decreased by 0% to 831 tons in 2022. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -23.4% was in 2020.

In value terms, nickel; waste and scrap exports totaled $2.6M in 2022. In general, exports saw a sharp decline. The smallest decline of -45.3% was in 2020.

Top Export Markets for Nickel; Waste and Scrap from Australia in 2022:

1. United States (343.3 tons)
2. Netherlands (325.7 tons)
3. India (95.8 tons)
4. Singapore (46.3 tons)
5. Spain (19.5 tons)

Source: IndexBox Market Intelligence Platform