Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Indonesia - 2022

Contents:

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

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

The average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies stood at $4,200 per ton in 2022, waning by -38.2% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $12,512 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($9,865 per ton), while the average price for exports to China ($3,669 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 (-2.5%), while the prices for the other major destinations experienced a decline.

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

The average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies stood at $74,097 per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35% against the previous year. The import price peaked at $82,246 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($623,371 per ton), while the price for Taiwan (Chinese) ($15,967 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies from Indonesia skyrocketed to 510K tons, increasing by 455% against the previous year. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies soared to $2.1B in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. China (448.9K tons)
2. United Kingdom (35.0K tons)
3. Malaysia (9.6K tons)
4. South Korea (9.0K tons)
5. Taiwan (Chinese) (6.8K tons)

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

For the third consecutive year, Indonesia recorded decline in purchases abroad of nickel; oxide sinters and other intermediate products of nickel metallurgies, which decreased by -41.2% to 15 tons in 2022. In general, imports recorded a dramatic decline. The smallest decline of -27.5% was in 2021.

In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies reduced remarkably to $1.1M in 2022. Over the period under review, imports recorded a significant decline. The smallest decline of -22.9% was in 2021.

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

1. Japan (7.2 tons)
2. Taiwan (Chinese) (4.2 tons)
3. United States (2.6 tons)
4. China (0.3 tons)

Source: IndexBox Market Intelligence Platform