Price for Nickel Oxides and Hydroxides in the Czech Republic - 2023

Contents:

1. Price for Nickel Oxides and Hydroxides in the Czech Republic (FOB) - 2023
2. Price for Nickel Oxides and Hydroxides in the Czech Republic (CIF) - 2023
3. Exports of Nickel Oxides and Hydroxides in the Czech Republic
4. Imports of Nickel Oxides and Hydroxides in the Czech Republic

Price for Nickel Oxides and Hydroxides in the Czech Republic (FOB) - 2023

In July 2023, the average nickel oxides and hydroxides export price amounted to $13,143 per ton, surging by 11% against the previous month. In general, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in December 2022 an increase of 306% month-to-month. The export price peaked at $25,018 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($21,585 per ton), while the average price for exports to Austria totaled $8,922 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.2%), while the prices for the other major destinations experienced a decline.

Price for Nickel Oxides and Hydroxides in the Czech Republic (CIF) - 2023

The average nickel oxides and hydroxides import price stood at $18,542 per ton in July 2023, shrinking by -10.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in January 2023 an increase of 12% m-o-m. Over the period under review, average import prices hit record highs at $20,822 per ton in June 2023, and then reduced in the following month.

As there is only one major supplying country, the average price level is determined by prices for Sweden.

From July 2022 to July 2023, the rate of growth in terms of prices for Belgium amounted to +6.4% per month.

Exports of Nickel Oxides and Hydroxides in the Czech Republic

In 2022, nickel oxides and hydroxides exports from the Czech Republic expanded markedly to 204 tons, with an increase of 8.6% compared with the previous year's figure. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 22%. As a result, the exports reached the peak of 310 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel oxides and hydroxides exports surged to $3.8M in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, the exports attained the peak of $4.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Nickel Oxides and Hydroxides from the Czech Republic in 2022:

1. Germany (196.7 tons)
2. Netherlands (6.9 tons)

Imports of Nickel Oxides and Hydroxides in the Czech Republic

In 2022, overseas purchases of nickel oxides and hydroxideses were finally on the rise to reach 189 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline.

In value terms, nickel oxides and hydroxides imports surged to $2.9M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the Czech Republic in 2022:

1. Sweden (182.6 tons)
2. Poland (3.6 tons)

Source: IndexBox Market Intelligence Platform