Price for Nickel Oxides and Hydroxides in Vietnam - 2021

Contents:

1. Price for Nickel Oxides and Hydroxides in Vietnam (CIF) - 2021
2. Price for Nickel Oxides and Hydroxides in Vietnam (FOB) - 2022
3. Imports of Nickel Oxides and Hydroxides in Vietnam
4. Exports of Nickel Oxides and Hydroxides in Vietnam

Price for Nickel Oxides and Hydroxides in Vietnam (CIF) - 2021

The average nickel oxides and hydroxides import price stood at $17,316 per ton in December 2021, stabilizing at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in January 2021 an increase of 17% against the previous month. The import price peaked at $17,408 per ton in March 2021; however, from April 2021 to December 2021, import prices remained at a lower figure.

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

From December 2020 to December 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +1.4% per month.

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

In 2022, the average nickel oxides and hydroxides export price amounted to $12,027 per ton, standing approx. at the previous year. In general, the export price saw a perceptible contraction. The growth pace was the most rapid in 2015 when the average export price decreased by -1.9% against the previous year. Over the period under review, the average export prices hit record highs at $15,993 per ton in 2014; however, from 2015 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 Spain.

From 2014 to 2022, the rate of growth in terms of prices for China amounted to -2.2% per year.

Imports of Nickel Oxides and Hydroxides in Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of nickel oxides and hydroxideses, when their volume decreased by -23.3% to 41 tons. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 88%. As a result, imports reached the peak of 53 tons, and then declined dramatically in the following year.

In value terms, nickel oxides and hydroxides imports fell rapidly to $668K in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, imports reached the peak of $921K, and then contracted significantly in the following year.

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

1. Taiwan (Chinese) (25.4 tons)
2. China (12.0 tons)
3. Japan (3.2 tons)

Exports of Nickel Oxides and Hydroxides in Vietnam

In 2022, nickel oxides and hydroxides exports from Vietnam stood at 10 tons, remaining relatively unchanged against the previous year. In general, exports continue to indicate a deep reduction. The smallest decline of 99.9% was in 2021.

In value terms, nickel oxides and hydroxides exports stood at $122K in 2022. Overall, exports recorded a abrupt decrease. The smallest decline of 99.9% was in 2021.

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

1. Spain (5.1 tons)

Source: IndexBox Market Intelligence Platform