Sulphates; of Nickel Price in the UK - 2023
Contents:
- Sulphates; of Nickel Price in the UK (CIF) - 2023
- Sulphates; of Nickel Price in the UK (FOB) - 2022
- Sulphates; of Nickel Imports in the UK
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 7.4 | 1.3 | 0.1 | 9.3 | 7.9% |
Finland | N/A | N/A | 2.5 | 2.5 | 0.0% |
Taiwan (Chinese) | N/A | N/A | N/A | 0.4 | 0% |
Switzerland | N/A | N/A | 2.4 | 0.4 | -83.3% |
Japan | 1.7 | 1.2 | 0.1 | N/A | -75.7% |
Italy | 1.3 | N/A | 10.1 | N/A | 178.7% |
Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Total | 10.6 | 2.7 | 15.4 | 12.8 | 6.5% |
Top Suppliers of Sulphates; of Nickel to the UK in 2022:
- Belgium (1541.5 tons)
- Finland (462.7 tons)
- Switzerland (67.5 tons)
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | N/A | N/A | 163 | 192 | 17.8% |
Ireland | 16.3 | 2.4 | N/A | 7.7 | -22.1% |
South Africa | N/A | 64.9 | 5.6 | 3.0 | -78.5% |
Belgium | 232 | 0.5 | N/A | N/A | -99.8% |
France | N/A | N/A | 22.1 | N/A | 0% |
Brazil | 240 | N/A | N/A | N/A | 0% |
Others | 7.9 | 18.2 | 33.8 | 2.1 | -35.7% |
Total | 497 | 86.0 | 224 | 205 | -25.6% |
Top Export Markets for Sulphates; of Nickel from the UK in 2022:
- Israel (18.9 tons)
- Ireland (0.8 tons)
- South Africa (0.4 tons)
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