Price for Nickel Oxides and Hydroxides in South Korea - 2022

Contents:

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

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

The average nickel oxides and hydroxides export price stood at $16,809 per ton in 2022, growing by 455% against the previous year. Overall, the export price, however, saw a noticeable contraction. Over the period under review, the average export prices reached the peak figure at $30,575 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($49,995 per ton), while the average price for exports to the United States ($8,940 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 Brazil (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In December 2022, the average nickel oxides and hydroxides import price amounted to $23,805 per ton, with an increase of 10% against the previous month. Overall, the import price posted a measured expansion. The pace of growth appeared the most rapid in January 2022 an increase of 173% month-to-month. Over the period under review, average import prices reached the peak figure at $56,363 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($102K per ton), while the price for China ($22,036 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel Oxides and Hydroxides in South Korea

In 2022, the amount of nickel oxides and hydroxideses exported from South Korea reduced sharply to 96 tons, falling by -90.6% against 2021 figures. Overall, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 802% against the previous year. As a result, the exports attained the peak of 1K tons, and then dropped dramatically in the following year.

In value terms, nickel oxides and hydroxides exports declined sharply to $1.6M in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 359% against the previous year. As a result, the exports attained the peak of $3.1M, and then shrank notably in the following year.

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

1. United States (37.2 tons)
2. Hong Kong SAR (28.8 tons)
3. Japan (13.9 tons)
4. Thailand (6.6 tons)
5. Brazil (5.0 tons)
6. China (4.4 tons)

Imports of Nickel Oxides and Hydroxides in South Korea

In 2022, purchases abroad of nickel oxides and hydroxideses decreased by -95.1% to 156 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 7.1%. As a result, imports reached the peak of 3.4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nickel oxides and hydroxides imports reduced notably to $3.9M in 2022. Overall, imports showed a sharp decrease. The smallest decline of -0.9% was in 2020.

Top Suppliers of Nickel Oxides and Hydroxides to South Korea in 2022:

1. Canada (undefined tons)
2. China (134.2 tons)
3. Taiwan (Chinese) (9.9 tons)
4. Japan (8.1 tons)
5. Philippines (2.6 tons)

Source: IndexBox Market Intelligence Platform