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

Contents:

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

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

In 2022, the average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $5,805 per ton, with an increase of 32% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 131%. The export price peaked at $6,032 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,007 per ton), while the average price for exports to China totaled $4,106 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%).

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

In 2022, the average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $18,061 per ton, picking up by 31% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 46% against the previous year. The import price peaked at $30,795 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 Thailand ($60,500 per ton), while the price for Italy ($5,724 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the amount of nickel; oxide sinters and other intermediate products of nickel metallurgies exported from South Africa surged to 52 tons, jumping by 12,548% against the previous year's figure. Over the period under review, exports posted a significant increase. 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 $302K in 2022. Overall, exports posted a significant expansion. 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 South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/AN/A2700%
China0.5N/A1.628.7285.7%
OthersN/AN/A0.23.41600.0%
Total0.6N/A1.8302695.5%

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

  1. Spain (44.9 tons)
  2. China (7.0 tons)

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

In 2022, after two years of growth, there was significant decline in supplies from abroad of nickel; oxide sinters and other intermediate products of nickel metallurgies, when their volume decreased by -42.1% to 114 kg. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 234% against the previous year. As a result, imports reached the peak of 197 kg, and then reduced notably in the following year.

In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies fell dramatically to $2.1K in 2022. Overall, total imports indicated strong growth from 2020 to 2022: its value increased at an average annual rate of +15.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. As a result, imports attained the peak of $2.7K, and then fell rapidly in the following year.

Import of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in South Africa (USD)
COUNTRY202020212022CAGR,
2020-2022
FranceN/A4801,471206.5%
Italy7231,274332-32.2%
ThailandN/AN/A1210%
United States62438194.0-61.2%
China19524329.0-61.4%
Germany13.023.06.0-32.1%
Hong Kong SARN/A321N/A0%
OthersN/AN/A6.00%
Total1,5552,7222,05915.1%

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

  1. Italy (58.0 kg)
  2. France (47.0 kg)
  3. United States (3.0 kg)
  4. Thailand (2.0 kg)
  5. China (1.0 kg)
  6. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform

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