Sulphates; of Nickel Price in the United States - 2023

Contents:

  1. Sulphates; of Nickel Price in the United States (FOB) - 2023
  2. Sulphates; of Nickel Price in the United States (CIF) - 2023
  3. Sulphates; of Nickel Exports in the United States
  4. Sulphates; of Nickel Imports in the United States

Sulphates; of Nickel Price in the United States (FOB) - 2023

The average sulphates; of nickel export price stood at $7,350 per ton in August 2023, growing by 72% against the previous month. Over the period under review, export price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sulphates; of nickel export price increased by +78.2% against May 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($7,565 per ton), while the average price for exports to Mexico amounted to $2,650 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.9%).

Sulphates; of Nickel Price in the United States (CIF) - 2023

The average sulphates; of nickel import price stood at $5,293 per ton in August 2023, declining by -3.9% against the previous month. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in January 2023 an increase of 9.7% m-o-m. Over the period under review, average import prices reached the maximum at $6,374 per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Belgium ($5,491 per ton) and Australia ($5,450 per ton), while the price for Canada ($4,574 per ton) and South Africa ($5,061 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Nickel Exports in the United States

In 2022, approx. 3.7K tons of sulphates; of nickels were exported from the United States; dropping by -17.7% against 2021. In general, exports showed a abrupt descent. The smallest decline of -7% was in 2021.

In value terms, sulphates; of nickel exports contracted slightly to $21M in 2022. Over the period under review, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 28%.

Export of Sulphates; of Nickel in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada21.415.921.220.3-1.7%
Others0.60.70.20.2-30.7%
Total21.916.721.320.5-2.2%

Top Export Markets for Sulphates; of Nickel from the United States in 2022:

  1. Canada (3.6K tons)

Sulphates; of Nickel Imports in the United States

Sulphates; of nickel imports into the United States soared to 2K tons in 2022, with an increase of 45% against 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% 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 +73.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of nickel imports skyrocketed to $12M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sulphates; of Nickel in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium4.23.24.47.018.6%
South AfricaN/AN/A0.32.3666.7%
Finland2.00.61.21.7-5.3%
Taiwan (Chinese)0.2N/A0.10.751.8%
CanadaN/A0.10.10.10.0%
Others0.10.3N/A0.226.0%
Total6.64.26.212.122.4%

Top Suppliers of Sulphates; of Nickel to the United States in 2022:

  1. Belgium (1167.6 tons)
  2. South Africa (339.8 tons)
  3. Finland (279.2 tons)
  4. Taiwan (Chinese) (94.7 tons)
  5. Canada (41.0 tons)

Source: IndexBox Market Intelligence Platform

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