Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia - 2024

Contents:

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

Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia (FOB) - 2022

In 2022, the average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $5,458 per ton, increasing by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 53%. Over the period under review, the average export prices hit record highs at $12,754 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($38,711 per ton), while the average price for exports to Norway ($4,923 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 Finland (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia (CIF) - 2022

In 2022, the average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $19,477 per ton, dropping by -2.3% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. The import price peaked at $33,536 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +4,389.8% per year.

Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia

For the fourth year in a row, Australia recorded growth in shipments abroad of nickel; oxide sinters and other intermediate products of nickel metallurgies, which increased by 32% to 67K tons in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 4,428% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies soared to $366M in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 3,930%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from Australia in 2022:

1. China (64.5K tons)
2. Finland (1.2K tons)

Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia

For the third year in a row, Australia recorded decline in purchases abroad of nickel; oxide sinters and other intermediate products of nickel metallurgies, which decreased by -42% to 72 tons in 2022. In general, imports continue to indicate a dramatic contraction.

In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies dropped markedly to $1.4M in 2022. Overall, imports recorded a dramatic descent.

Top Suppliers of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to Australia in 2022:

1. China (71.6 tons)

Source: IndexBox Market Intelligence Platform