Sulphates; of Nickel Price in Ethiopia - 2022
Contents:
Sulphates; of Nickel Price in Ethiopia (CIF) - 2022
The average sulphates; of nickel import price stood at $5,121 per ton in 2022, approximately mirroring the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the maximum at $11,135 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -7.5% per year.
Sulphates; of Nickel Imports in Ethiopia
In 2022, sulphates; of nickel imports into Ethiopia was estimated at 505 kg, stabilizing at 2021. The total import volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 41%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, sulphates; of nickel imports amounted to $2.6K in 2022. The total import value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Sulphates; of Nickel in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.9 | 0.5 | 2.6 | 2.6 | 11.0% |
| China | N/A | 2.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | 2.6 | 2.6 | 2.6 | 11.0% |
Top Suppliers of Sulphates; of Nickel to Ethiopia in 2022:
- India (505.0 kg)
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