Sulphates; of Nickel Price in Kenya - 2021
Contents:
Sulphates; of Nickel Price in Kenya (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $9,589 per ton, declining by -17.3% against the previous year. Overall, the import price, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 148%. As a result, import price attained the peak level of $11,592 per ton, and then dropped remarkably in the following year.
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 South Africa ($31,086 per ton), while the price for China ($3,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Imports in Kenya
In 2022, supplies from abroad of sulphates; of nickels decreased by -2.9% to 132 kg, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%. As a result, imports attained the peak of 205 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of nickel imports reduced markedly to $1.3K in 2022. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. As a result, imports attained the peak of $1.6K, and then dropped significantly in the following year.
| Import of Sulphates; of Nickel in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 306 | 748 | 144.4% |
| United Kingdom | 65.0 | 75.0 | 272 | 417 | 85.8% |
| China | 37.0 | 26.0 | 220 | 95.0 | 36.9% |
| Russia | 647 | 857 | N/A | N/A | 32.5% |
| United States | N/A | N/A | 762 | N/A | 0% |
| Others | 1.0 | 3.0 | 16.0 | 8.0 | 100.0% |
| Total | 750 | 961 | 1,576 | 1,268 | 19.1% |
Top Suppliers of Sulphates; of Nickel to Kenya in 2022:
- United Kingdom (82.0 kg)
- China (25.0 kg)
- South Africa (24.0 kg)
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