Price for Nickel Oxides and Hydroxides in Canada - 2023

Contents:

1. Price for Nickel Oxides and Hydroxides in Canada (CIF) - 2022
2. Price for Nickel Oxides and Hydroxides in Canada (FOB) - 2022
3. Imports of Nickel Oxides and Hydroxides in Canada
4. Exports of Nickel Oxides and Hydroxides in Canada

Price for Nickel Oxides and Hydroxides in Canada (CIF) - 2022

The average nickel oxides and hydroxides import price stood at $2,995 per ton in 2022, with an increase of 33% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 83% against the previous year. The import price peaked at $3,025 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($9,166 per ton), while the price for the United States ($1,357 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.6%), while the prices for the other major suppliers experienced a decline.

Price for Nickel Oxides and Hydroxides in Canada (FOB) - 2022

In 2022, the average nickel oxides and hydroxides export price amounted to $8,410 per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2017 an increase of 38%. Over the period under review, the average export prices attained the peak figure at $10,154 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,424 per ton), while the average price for exports to Brazil ($8,374 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 (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Nickel Oxides and Hydroxides in Canada

In 2022, the amount of nickel oxides and hydroxideses imported into Canada skyrocketed to 386 tons, growing by 15% on the year before. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 125%. As a result, imports attained the peak of 866 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nickel oxides and hydroxides imports skyrocketed to $1.2M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel Oxides and Hydroxides to Canada in 2022:

1. United States (305.4 tons)
2. Japan (73.5 tons)
3. China (6.5 tons)

Exports of Nickel Oxides and Hydroxides in Canada

In 2022, approx. 46 tons of nickel oxides and hydroxideses were exported from Canada; reducing by -20.9% against 2021. Over the period under review, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of 58 tons, and then shrank notably in the following year.

In value terms, nickel oxides and hydroxides exports reduced remarkably to $383K in 2022. In general, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports attained the peak of $489K, and then reduced sharply in the following year.

Top Export Markets for Nickel Oxides and Hydroxides from Canada in 2022:

1. South Africa (23.2 tons)
2. United States (11.3 tons)
3. Brazil (10.5 tons)

Source: IndexBox Market Intelligence Platform