Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates - 2022

Contents:

1. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates (FOB) - 2022
2. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates (CIF) - 2022
3. Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates
4. Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $10,247 per ton, dropping by -14% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 82%. As a result, the export price reached the peak level of $31,478 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($41,147 per ton), while the average price for exports to Saudi Arabia ($7,012 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 India (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $34,106 per ton, rising by 27% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies increased by +59.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 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 Canada ($166,845 per ton), while the price for India ($4,884 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates

In 2022, overseas shipments of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -30.1% to 40 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 75% against the previous year.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies declined sharply to $411K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 206%.

Top Export Markets for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from the United Arab Emirates in 2022:

1. Afghanistan (25.5 tons)
2. Saudi Arabia (14.3 tons)

Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United Arab Emirates

In 2022, the amount of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies imported into the United Arab Emirates skyrocketed to 5.5 tons, picking up by 126% compared with 2021. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies soared to $187K in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to the United Arab Emirates in 2022:

1. India (4.3 tons)
2. Canada (0.9 tons)
3. United States (0.1 tons)
4. Italy (0.1 tons)

Source: IndexBox Market Intelligence Platform