Price for Nickel; Waste and Scrap in Kenya - 2022
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Price for Nickel; Waste and Scrap in Kenya (FOB) - 2022
In 2022, the average nickel; waste and scrap export price amounted to $2,509 per ton, dropping by -9.9% against the previous year. In general, the export price, however, enjoyed moderate growth. The growth pace was the most rapid in 2019 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $3,037 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +3.5% per year.
Exports of Nickel; Waste and Scrap in Kenya
Nickel; waste and scrap exports from Kenya soared to 2.7 tons in 2022, picking up by 36% compared with the previous year's figure. Overall, exports, however, saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year.
In value terms, nickel; waste and scrap exports surged to $6.8K in 2022. Over the period under review, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 28%.
| Export of Nickel; Waste and Scrap in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 15.6 | 4.3 | 5.5 | 6.8 | -24.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.6 | 4.3 | 5.5 | 6.8 | -24.2% |
Top Export Markets for Nickel; Waste and Scrap from Kenya in 2022:
- United Kingdom (2.7 tons)
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