Sulphates; of Nickel Price in the UK - 2023

Contents:

  1. Sulphates; of Nickel Price in the UK (CIF) - 2023
  2. Sulphates; of Nickel Price in the UK (FOB) - 2022
  3. Sulphates; of Nickel Imports in the UK
  4. Sulphates; of Nickel Exports in the UK

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

The average sulphates; of nickel import price stood at $6,096 per ton in June 2023, rising by 2.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 9.8% against the previous month. The import price peaked at $6,841 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was South Africa ($6,176 per ton), while the price for Belgium totaled $5,974 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Nickel Price in the UK (FOB) - 2022

The average sulphates; of nickel export price stood at $10,137 per ton in 2022, increasing by 58% against the previous year. In general, the export price saw a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 184% against the previous year. The export price peaked at $11,774 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($10,156 per ton), while the average price for exports to South Africa ($6,744 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+68.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates; of Nickel Imports in the UK

In 2022, the amount of sulphates; of nickels imported into the UK dropped sharply to 2.1K tons, which is down by -31.8% against the year before. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 331% against the previous year. As a result, imports reached the peak of 3.2K tons, and then shrank rapidly in the following year.

In value terms, sulphates; of nickel imports contracted rapidly to $13M in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 466%. As a result, imports reached the peak of $15M, and then fell markedly in the following year.

Import of Sulphates; of Nickel in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium7.41.30.19.37.9%
FinlandN/AN/A2.52.50.0%
Taiwan (Chinese)N/AN/AN/A0.40%
SwitzerlandN/AN/A2.40.4-83.3%
Japan1.71.20.1N/A-75.7%
Italy1.3N/A10.1N/A178.7%
Others0.20.20.20.20.0%
Total10.62.715.412.86.5%

Top Suppliers of Sulphates; of Nickel to the UK in 2022:

  1. Belgium (1541.5 tons)
  2. Finland (462.7 tons)
  3. Switzerland (67.5 tons)
  4. Taiwan (Chinese) (55.7 tons)

Sulphates; of Nickel Exports in the UK

In 2022, approx. 20 tons of sulphates; of nickels were exported from the UK; reducing by -42.4% against 2021 figures. Over the period under review, exports recorded a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 222%.

In value terms, sulphates; of nickel exports reduced to $205K in 2022. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 161%.

Export of Sulphates; of Nickel in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IsraelN/AN/A16319217.8%
Ireland16.32.4N/A7.7-22.1%
South AfricaN/A64.95.63.0-78.5%
Belgium2320.5N/AN/A-99.8%
FranceN/AN/A22.1N/A0%
Brazil240N/AN/AN/A0%
Others7.918.233.82.1-35.7%
Total49786.0224205-25.6%

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

  1. Israel (18.9 tons)
  2. Ireland (0.8 tons)
  3. South Africa (0.4 tons)

Source: IndexBox Market Intelligence Platform

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