Chlorides; of Nickel Price in Indonesia - 2022

Contents:

  1. Chlorides; of Nickel Price in Indonesia (CIF) - 2022
  2. Chlorides; of Nickel Imports in Indonesia

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

The average chlorides; of nickel import price stood at $9,073 per ton in 2022, increasing by 39% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +124.5% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($15,309 per ton), while the price for Australia ($3,916 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Nickel Imports in Indonesia

In 2022, the amount of chlorides; of nickels imported into Indonesia contracted markedly to 100 tons, reducing by -26% against 2021 figures. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year.

In value terms, chlorides; of nickel imports rose to $909K in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Chlorides; of Nickel in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan390286345382-0.7%
Taiwan (Chinese)3022213713535.3%
Singapore43.814.191.687.225.8%
Hong Kong SAR58.847.442.234.0-16.7%
France40.833.11.024.0-16.2%
Australia5.66.68.19.218.0%
Others10.97.126.119.020.3%
Total8516168849092.2%

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

  1. Taiwan (Chinese) (41.1 tons)
  2. Japan (41.1 tons)
  3. Singapore (5.7 tons)
  4. Hong Kong SAR (4.7 tons)
  5. France (3.1 tons)
  6. Australia (2.3 tons)

Source: IndexBox Market Intelligence Platform

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