Price for Nickel; Waste and Scrap in Venezuela - 2022

Price for Nickel; Waste and Scrap in Venezuela (FOB) - 2022

In 2022, the average nickel; waste and scrap export price amounted to $10,852 per ton, growing by 59% against the previous year. Over the period under review, the export price continues to indicate a modest expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($11,886 per ton), while the average price for exports to Spain totaled $8,697 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Nickel; Waste and Scrap in Venezuela

In 2022, exports of nickel; waste and scraps from Venezuela dropped to 18 tons, shrinking by -15% on 2021. Over the period under review, exports showed a abrupt decline. The smallest decline of -7.8% was in 2020.

In value terms, nickel; waste and scrap exports skyrocketed to $193K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.