Price for Nickel Oxides and Hydroxides in Thailand - 2023

Contents:

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

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

The average nickel oxides and hydroxides import price stood at $1,729 per ton in 2022, rising by 185% against the previous year. In general, the import price, however, faced a precipitous shrinkage. The import price peaked at $20,500 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Philippines ($7,922 per ton), while the price for South Africa ($182 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+30.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average nickel oxides and hydroxides export price stood at $517 per ton in 2022, increasing by 69% against the previous year. Over the period under review, the export price, however, continues to indicate a significant decrease. The growth pace was the most rapid in 2019 when the average export price increased by 187%. The export price peaked at $20,274 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($913 per ton), while the average price for exports to China totaled $174 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.7%).

Imports of Nickel Oxides and Hydroxides in Thailand

In 2022, after three years of growth, there was significant decline in purchases abroad of nickel oxides and hydroxideses, when their volume decreased by -25.4% to 2.9K tons. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 615%.

In value terms, nickel oxides and hydroxides imports surged to $5M in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 156%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

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

1. Taiwan (Chinese) (670.4 tons)
2. Malaysia (650.9 tons)
3. South Africa (368.6 tons)
4. Philippines (324.2 tons)
5. Indonesia (223.6 tons)
6. Japan (221.0 tons)
7. Mexico (170.8 tons)
8. Singapore (55.8 tons)

Exports of Nickel Oxides and Hydroxides in Thailand

Nickel oxides and hydroxides exports from Thailand skyrocketed to 474 tons in 2022, increasing by 54% compared with the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 135%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nickel oxides and hydroxides exports surged to $245K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. China (254.1 tons)
2. Germany (219.8 tons)

Source: IndexBox Market Intelligence Platform