Sulphates; of Nickel Price in Pakistan - 2023
Contents:
Sulphates; of Nickel Price in Pakistan (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $3,454 per ton, with a decrease of -6.3% against the previous year. Overall, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 10% against the previous year. Over the period under review, average import prices reached the maximum at $5,283 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($3,767 per ton) and South Korea ($3,542 per ton), while the price for China ($3,289 per ton) and Taiwan (Chinese) ($3,400 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.7%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Nickel Imports in Pakistan
After three years of growth, supplies from abroad of sulphates; of nickels decreased by -11.2% to 186 tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 210 tons, and then fell in the following year.
In value terms, sulphates; of nickel imports declined dramatically to $644K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of $774K, and then shrank remarkably in the following year.
| Import of Sulphates; of Nickel in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 204 | 227 | 353 | 390 | 24.1% |
| France | 143 | 74.4 | 14.6 | 86.0 | -15.6% |
| China | 12.7 | 42.0 | 70.3 | 77.6 | 82.8% |
| South Korea | 0.1 | 12.9 | 27.9 | 30.8 | 575.3% |
| Belgium | N/A | 54.9 | 204 | N/A | 271.6% |
| Others | 11.2 | 113 | 103 | 59.4 | 74.4% |
| Total | 371 | 524 | 774 | 644 | 20.2% |
Top Suppliers of Sulphates; of Nickel to Pakistan in 2022:
- Taiwan (Chinese) (114.8 tons)
- China (23.6 tons)
- France (22.8 tons)
- South Korea (8.7 tons)
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