Sulphates; of Nickel Price in South Africa - 2023
Contents:
- Sulphates; of Nickel Price in South Africa (FOB) - 2023
- Sulphates; of Nickel Price in South Africa (CIF) - 2022
- Sulphates; of Nickel Exports in South Africa
- Sulphates; of Nickel Imports in South Africa
Sulphates; of Nickel Price in South Africa (FOB) - 2023
In July 2023, the average sulphates; of nickel export price amounted to $3,372 per ton, which is down by -11.7% against the previous month. Over the period under review, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in September 2022 an increase of 41% against the previous month. As a result, the export price reached the peak level of $6,496 per ton. From October 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Japan ($4,988 per ton), while the average price for exports to Australia ($3,193 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced a decline.
Sulphates; of Nickel Price in South Africa (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $7,213 per ton, rising by 27% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +48.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($20,441 per ton), while the price for Germany ($6,152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Exports in South Africa
In 2022, shipments abroad of sulphates; of nickels decreased by -66.4% to 4.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 99%. As a result, the exports attained the peak of 14K tons, and then fell sharply in the following year.
In value terms, sulphates; of nickel exports fell markedly to $23M in 2022. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. As a result, the exports reached the peak of $53M, and then declined rapidly in the following year.
| Export of Sulphates; of Nickel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 6.1 | 37.8 | 5.8 | 53.6% |
| Taiwan (Chinese) | 1.7 | 1.4 | 9.1 | 5.0 | 43.3% |
| Japan | N/A | N/A | 0.2 | 3.8 | 1800.0% |
| South Korea | N/A | 1.2 | 1.3 | 3.2 | 63.3% |
| Netherlands | N/A | 0.2 | 0.9 | 2.8 | 274.2% |
| United States | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Brazil | N/A | 0.1 | 0.4 | 0.6 | 144.9% |
| Australia | 12.2 | 9.6 | N/A | N/A | -21.3% |
| Others | N/A | 1.4 | 3.4 | 0.9 | -19.8% |
| Total | 15.5 | 19.9 | 53.2 | 23.3 | 14.6% |
Top Export Markets for Sulphates; of Nickel from South Africa in 2022:
- China (1226.6 tons)
- Taiwan (Chinese) (1121.8 tons)
- South Korea (891.3 tons)
- Japan (660.9 tons)
- Netherlands (428.6 tons)
- United States (201.2 tons)
- Brazil (92.6 tons)
Sulphates; of Nickel Imports in South Africa
In 2022, the amount of sulphates; of nickels imported into South Africa fell sharply to 50 tons, waning by -20.4% on 2021 figures. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, imports reached the peak of 63 tons, and then shrank sharply in the following year.
In value terms, sulphates; of nickel imports totaled $363K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +81.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Sulphates; of Nickel in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 18.6 | 28.6 | 17.7 | 154 | 102.3% |
| Germany | 90.8 | 51.6 | 169 | 106 | 5.3% |
| Taiwan (Chinese) | 73.5 | 18.6 | 87.5 | 53.0 | -10.3% |
| France | 46.3 | 62.7 | 21.2 | 44.0 | -1.7% |
| India | 13.6 | 19.7 | 38.5 | 3.4 | -37.0% |
| United Kingdom | N/A | 16.7 | 10.4 | N/A | -37.7% |
| Others | 21.8 | 2.4 | 14.4 | 2.6 | -50.8% |
| Total | 265 | 200 | 358 | 363 | 11.1% |
Top Suppliers of Sulphates; of Nickel to South Africa in 2022:
- Austria (18.3 tons)
- Germany (17.2 tons)
- Taiwan (Chinese) (7.2 tons)
- France (6.7 tons)
- India (0.6 tons)
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