Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada - 2024
Contents:
- Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada (CIF) - 2024
- Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada (FOB) - 2022
- Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada
- Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada
Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada (CIF) - 2024
The average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies stood at $2,445 per ton in March 2024, growing by 13% against the previous month. Overall, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $2,925 per ton. From June 2023 to March 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Germany ($3,606 per ton), while the price for Taiwan (Chinese) ($1,181 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada (FOB) - 2022
The average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies stood at $14,557 per ton in 2022, waning by -13.6% against the previous year. In general, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2020 an increase of 43%. Over the period under review, the average export prices reached the peak figure at $17,922 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 external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($23,794 per ton), while the average price for exports to Cuba ($14,295 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 South Korea (+2.4%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada
In 2022, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies into Canada soared to 74K tons, rising by 307% against the previous year's figure. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies surged to $134M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | 5.6 | 78.9 | 1308.9% |
| Germany | 24.2 | 37.4 | 33.9 | 39.8 | 18.0% |
| United Kingdom | 2.3 | 1.8 | 1.9 | 5.5 | 33.7% |
| United States | 3.8 | 3.3 | 7.3 | 3.9 | 0.9% |
| Taiwan (Chinese) | 1.8 | 2.2 | 2.6 | 3.9 | 29.4% |
| Others | 0.3 | 0.3 | 0.7 | 1.7 | 78.3% |
| Total | 32.4 | 44.9 | 52.0 | 134 | 60.5% |
Top Suppliers of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to Canada in 2022:
- Finland (53.3K tons)
- Germany (12.2K tons)
- United Kingdom (3.7K tons)
- United States (2.2K tons)
- Taiwan (Chinese) (2.1K tons)
Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada
In 2022, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies from Canada contracted sharply to 1.6K tons, which is down by -62.7% compared with the previous year's figure. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of -51.5% was in 2021.
In value terms, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies dropped remarkably to $24M in 2022. In general, exports saw a dramatic shrinkage. The smallest decline of -41% was in 2021.
| Export of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 8.6 | 6.5 | 5.8 | 12.2 | 12.4% |
| United Kingdom | 207 | 119 | 67.9 | 10.6 | -62.9% |
| South Korea | N/A | N/A | N/A | 1.0 | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 216 | 126 | 74.1 | 23.9 | -52.0% |
Top Export Markets for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from Canada in 2022:
- Cuba (856.3 tons)
- United Kingdom (741.0 tons)
- South Korea (44.0 tons)
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