Sulphates; of Nickel Price in Australia - 2023

Contents:

  1. Sulphates; of Nickel Price in Australia (CIF) - 2022
  2. Sulphates; of Nickel Price in Australia (FOB) - 2022
  3. Sulphates; of Nickel Imports in Australia
  4. Sulphates; of Nickel Exports in Australia

Sulphates; of Nickel Price in Australia (CIF) - 2022

In 2022, the average sulphates; of nickel import price amounted to $2,584 per ton, dropping by -36% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 96%. The import price peaked at $4,035 per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($3,534 per ton), while the price for Finland totaled $2,276 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+43.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Nickel Price in Australia (FOB) - 2022

The average sulphates; of nickel export price stood at $15,814 per ton in 2022, rising by 103% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 3,155%. The export price peaked at $37,652 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($35,142 per ton), while the average price for exports to Peru ($4,513 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-12.1%), while the prices for the other major destinations experienced a decline.

Sulphates; of Nickel Imports in Australia

In 2022, purchases abroad of sulphates; of nickels was finally on the rise to reach 2.5K tons after two years of decline. Overall, imports, however, showed a precipitous curtailment.

In value terms, sulphates; of nickel imports surged to $6.4M in 2022. In general, imports, however, recorded a precipitous curtailment.

Import of Sulphates; of Nickel in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Finland2.34.01.74.424.1%
IndonesiaN/AN/AN/A1.90%
Switzerland3.20.70.5N/A-60.5%
New Caledonia7.9N/AN/AN/A0%
South Africa8.013.42.5N/A-44.1%
Singapore0.91.30.3N/A-42.3%
Turkey1.9N/AN/AN/A0%
Others0.50.60.30.2-26.3%
Total24.620.15.36.4-36.2%

Top Suppliers of Sulphates; of Nickel to Australia in 2022:

  1. Finland (1947.6 tons)
  2. Indonesia (526.3 tons)

Sulphates; of Nickel Exports in Australia

Sulphates; of nickel exports from Australia declined significantly to 276 kg in 2022, dropping by -69.4% on the previous year's figure. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 659% against the previous year.

In value terms, sulphates; of nickel exports declined dramatically to $4.4K in 2022. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 313%.

Export of Sulphates; of Nickel in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines81.81.53.84.1-63.1%
New Zealand0.1N/AN/A0.226.0%
Peru3.2N/A0.10.1-68.5%
Japan660N/AN/AN/A0%
Vietnam20.5N/AN/AN/A0%
Others0.40.13.1N/A178.4%
Total7661.77.04.4-82.1%

Top Export Markets for Sulphates; of Nickel from Australia in 2022:

  1. Philippines (250.0 kg)
  2. Peru (21.0 kg)
  3. New Zealand (5.0 kg)

Source: IndexBox Market Intelligence Platform

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