Chlorides; of Nickel Price in India - 2023

Contents:

1. Chlorides; of Nickel Price in India (CIF) - 2022
2. Chlorides; of Nickel Price in India (FOB) - 2022
3. Chlorides; of Nickel Imports in India
4. Chlorides; of Nickel Exports in India

Chlorides; of Nickel Price in India (CIF) - 2022

In 2022, the average chlorides; of nickel import price amounted to $6,549 per ton, rising by 22% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of nickel import price increased by +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 35%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($6,784 per ton), while the price for France totaled $6,418 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced a decline.

Chlorides; of Nickel Price in India (FOB) - 2022

In 2022, the average chlorides; of nickel export price amounted to $5,353 per ton, which is down by -13.9% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2020 an increase of 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,388 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($30,366 per ton), while the average price for exports to Nepal ($2,100 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 Italy (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Nickel Imports in India

For the fourth consecutive year, India recorded growth in purchases abroad of chlorides; of nickels, which increased by 40% to 235 tons in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, chlorides; of nickel imports skyrocketed to $1.5M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 124% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Chlorides; of Nickel to India in 2022:

1. France (165.5 tons)
2. Japan (66.5 tons)

Chlorides; of Nickel Exports in India

In 2022, the amount of chlorides; of nickels exported from India soared to 42 tons, growing by 15% compared with the previous year's figure. Overall, exports, however, faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 185%.

In value terms, chlorides; of nickel exports contracted slightly to $224K in 2022. Over the period under review, exports, however, showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 169%.

Top Export Markets for Chlorides; of Nickel from India in 2022:

1. United Arab Emirates (29.1 tons)
2. South Africa (4.7 tons)
3. Nepal (3.7 tons)
4. United States (2.2 tons)
5. Saudi Arabia (2.0 tons)

Source: IndexBox Market Intelligence Platform