Sulphates; of Nickel Price in Bulgaria - 2023
Contents:
- Sulphates; of Nickel Price in Bulgaria (FOB) - 2022
- Sulphates; of Nickel Price in Bulgaria (CIF) - 2022
- Sulphates; of Nickel Exports in Bulgaria
- Sulphates; of Nickel Imports in Bulgaria
Sulphates; of Nickel Price in Bulgaria (FOB) - 2022
The average sulphates; of nickel export price stood at $5,821 per ton in 2022, surging by 38% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2017 an increase of 113%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($6,043 per ton), while the average price for exports to Germany ($2,597 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+22.7%).
Sulphates; of Nickel Price in Bulgaria (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $7,017 per ton, growing by 44% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of nickel import price increased by +38.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 55% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($13,711 per ton), while the price for Poland ($5,180 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Exports in Bulgaria
In 2022, shipments abroad of sulphates; of nickels decreased by -40% to 249 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 4.9%. As a result, the exports attained the peak of 559 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sulphates; of nickel exports shrank significantly to $1.4M in 2022. In general, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 8.9%. As a result, the exports attained the peak of $1.7M, and then fell notably in the following year.
| Export of Sulphates; of Nickel in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.6 | 1.6 | 1.7 | 1.4 | -4.4% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 1.6 | 1.7 | 1.4 | -4.4% |
Top Export Markets for Sulphates; of Nickel from Bulgaria in 2022:
- Belgium (232.7 tons)
- Germany (15.7 tons)
Sulphates; of Nickel Imports in Bulgaria
In 2022, the amount of sulphates; of nickels imported into Bulgaria contracted significantly to 17 tons, with a decrease of -38.6% on the year before. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 325% against the previous year. As a result, imports reached the peak of 28 tons, and then declined markedly in the following year.
In value terms, sulphates; of nickel imports shrank to $122K in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 327%. As a result, imports reached the peak of $138K, and then dropped in the following year.
| Import of Sulphates; of Nickel in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.8 | 4.4 | 115 | 78.7 | 116.1% |
| Poland | 9.8 | 7.7 | 9.1 | 18.9 | 24.5% |
| Italy | 4.5 | 8.1 | 6.7 | 16.1 | 52.9% |
| Netherlands | 8.5 | 8.5 | 7.0 | 4.1 | -21.6% |
| Turkey | 3.1 | 3.6 | N/A | 2.1 | -12.2% |
| United Kingdom | 12.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.8 | 0% |
| Total | 46.3 | 32.3 | 138 | 122 | 38.1% |
Top Suppliers of Sulphates; of Nickel to Bulgaria in 2022:
- Germany (10.8 tons)
- Poland (3.6 tons)
- Italy (2.0 tons)
- Netherlands (0.6 tons)
- Turkey (0.2 tons)
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