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

Contents:

  1. Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (CIF) - 2024
  2. Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (FOB) - 2022
  3. Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan
  4. Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan

Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (CIF) - 2024

In May 2024, the average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $7,335 per ton, growing by 8.2% against the previous month. In general, the import price, however, recorded a noticeable reduction. Over the period under review, average import prices hit record highs at $9,870 per ton in May 2023; however, from June 2023 to May 2024, import prices stood at a somewhat lower figure.

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

From May 2023 to May 2024, the rate of growth in terms of prices for the Philippines amounted to -2.5% per month.

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

The average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies stood at $3,159 per ton in 2022, growing by 29% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 69% against the previous year. The export price peaked at $9,675 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($4,563 per ton), while the average price for exports to China ($651 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 the United States (-5.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of nickel; oxide sinters and other intermediate products of nickel metallurgies imported into Japan reduced modestly to 89K tons, flattening at the year before. Overall, imports showed a abrupt decrease.

In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies soared to $991M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. 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 Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines65658674898614.5%
Others6.33.02.45.2-6.2%
Total66258975199114.4%

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

  1. Philippines (89.0K tons)

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

In 2022, the amount of nickel; oxide sinters and other intermediate products of nickel metallurgies exported from Japan soared to 61 tons, picking up by 211% compared with the previous year. Over the period under review, exports enjoyed a remarkable increase.

In value terms, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies surged to $191K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/AN/A10.9113936.7%
CanadaN/AN/AN/A69.70%
China7.6N/A6.68.22.6%
Germany25.6N/AN/AN/A0%
United States22.330.130.0N/A16.0%
IndonesiaN/A108N/AN/A0%
OthersN/AN/AN/AN/A0%
Total55.613847.519150.9%

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

  1. South Korea (32.7 tons)
  2. Canada (15.3 tons)
  3. China (12.5 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Nickel; oxide sinters and other intermediate products of nickel metallurgy - Japan