Price for Nickel Oxides and Hydroxides in Russia - 2022

Contents:

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

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

The average nickel oxides and hydroxides export price stood at $14,145 per ton in 2022, waning by -2.4% against the previous year. In general, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 69% against the previous year. The export price peaked at $23,694 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +28.5% per year.

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

The average nickel oxides and hydroxides import price stood at $17,187 per ton in 2022, declining by -12.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of $31,720 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($17,553 per ton), while the price for Belarus totaled $14,300 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+42.7%), while the prices for the other major suppliers experienced a decline.

Exports of Nickel Oxides and Hydroxides in Russia

After three years of growth, overseas shipments of nickel oxides and hydroxideses decreased by -10.7% to 48 tons in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 127%.

In value terms, nickel oxides and hydroxides exports declined to $675K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 114%.

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

1. Japan (47.8 tons)

Imports of Nickel Oxides and Hydroxides in Russia

Nickel oxides and hydroxides imports into Russia totaled 7.8 tons in 2022, picking up by 13% compared with the year before. Over the period under review, imports, however, recorded a dramatic setback.

In value terms, nickel oxides and hydroxides imports shrank modestly to $134K in 2022. Overall, imports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 3.3%.

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

1. India (6.9 tons)
2. Belarus (0.9 tons)

Source: IndexBox Market Intelligence Platform