Chlorides; of Nickel Price in Libya - 2022

Contents:

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

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

In 2022, the average chlorides; of nickel import price amounted to $6,333 per ton, reducing by -12.1% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 117%. Over the period under review, average import prices hit record highs at $31,333 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Spain ($9,000 per ton), while the price for Turkey stood at $5,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.1%).

Chlorides; of Nickel Imports in Libya

For the fourth year in a row, Libya recorded growth in overseas purchases of chlorides; of nickels, which increased by 15% to 45 kg in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 129% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, chlorides; of nickel imports reached $285 in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Turkey (36.0 kg)
2. Spain (9.0 kg)

Source: IndexBox Market Intelligence Platform