Price for Nickel Oxides and Hydroxides in Colombia - 2021
Contents:
- Price for Nickel Oxides and Hydroxides in Colombia (CIF) - 2022
- Imports of Nickel Oxides and Hydroxides in Colombia
Price for Nickel Oxides and Hydroxides in Colombia (CIF) - 2022
In 2022, the average nickel oxides and hydroxides import price amounted to $32,405 per ton, dropping by -47% against the previous year. In general, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by 83%. As a result, import price reached the peak level of $61,087 per ton, and then contracted remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($44,250 per ton), while the price for Brazil ($12,404 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+814.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel Oxides and Hydroxides in Colombia
In 2022, approx. 190 kg of nickel oxides and hydroxideses were imported into Colombia; increasing by 83% against 2021. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nickel oxides and hydroxides imports contracted modestly to $6.2K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 88% against the previous year.
| Import of Nickel Oxides and Hydroxides in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 2.4 | 2.2 | 5.1 | 25.2% |
| Brazil | 0.4 | 0.3 | 0.3 | 0.7 | 20.5% |
| United States | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| China | 0.1 | N/A | N/A | 0.1 | 0.0% |
| India | N/A | 1.5 | 3.7 | N/A | 146.7% |
| Others | N/A | 1.6 | N/A | N/A | 0% |
| Total | 3.2 | 6.0 | 6.4 | 6.2 | 24.7% |
Top Suppliers of Nickel Oxides and Hydroxides to Colombia in 2022:
- Germany (116.0 kg)
- Brazil (57.0 kg)
- United States (12.0 kg)
- China (5.0 kg)
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