Price for Nickel; Unwrought, Not Alloyed in Indonesia - 2022
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Indonesia (CIF) - 2022
- Price for Nickel; Unwrought, Not Alloyed in Indonesia (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Indonesia
- Exports of Nickel; Unwrought, Not Alloyed in Indonesia
Price for Nickel; Unwrought, Not Alloyed in Indonesia (CIF) - 2022
The average nickel; unwrought, not alloyed import price stood at $21,878 per ton in 2022, rising by 14% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; unwrought, not alloyed import price increased by +56.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
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 China ($32,067 per ton), while the price for Japan ($14,957 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Indonesia (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $13,210 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24%. The export price peaked at $22,498 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($17,878 per ton), while the average price for exports to South Korea ($11,291 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 Belgium (+55.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Unwrought, Not Alloyed in Indonesia
In 2022, supplies from abroad of nickel; unwrought, not alloyeds decreased by -47.1% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 101% against the previous year. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nickel; unwrought, not alloyed imports reduced markedly to $27M in 2022. Overall, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 94%.
| Import of Nickel; Unwrought, Not Alloyed in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.8 | 22.1 | 4.7 | 11.9 | 20.5% |
| Australia | 5.6 | 0.4 | 6.6 | 5.6 | 0.0% |
| Japan | 2.2 | 9.3 | 6.1 | 1.7 | -8.2% |
| Canada | 1.2 | 1.4 | 1.6 | 1.6 | 10.1% |
| China | 0.6 | 0.1 | 0.9 | 1.5 | 35.7% |
| United Kingdom | 0.1 | 0.2 | 0.8 | 0.7 | 91.3% |
| Hong Kong SAR | 0.4 | 0.6 | 0.5 | 0.7 | 20.5% |
| France | 0.1 | 0.2 | 0.7 | 0.6 | 81.7% |
| Norway | 0.3 | 0.5 | 0.6 | 0.5 | 18.6% |
| Finland | 0.4 | 0.5 | 0.1 | 0.4 | 0.0% |
| South Korea | 0.5 | 0.6 | 0.4 | 0.4 | -7.2% |
| South Africa | 0.3 | N/A | 19.2 | N/A | 700.0% |
| Others | 0.7 | 1.1 | 2.4 | 1.4 | 26.0% |
| Total | 19.1 | 37.0 | 44.9 | 27.0 | 12.2% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Indonesia in 2022:
- Russia (567.2 tons)
- Australia (220.7 tons)
- Japan (116.6 tons)
- Canada (68.6 tons)
- China (47.2 tons)
- Hong Kong SAR (39.1 tons)
- France (33.6 tons)
- Norway (29.1 tons)
- United Kingdom (28.7 tons)
- Finland (19.4 tons)
- South Korea (19.4 tons)
Exports of Nickel; Unwrought, Not Alloyed in Indonesia
In 2022, the amount of nickel; unwrought, not alloyeds exported from Indonesia reached 582 tons, growing by 11% on 2021 figures. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 100% against the previous year. As a result, the exports reached the peak of 640 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nickel; unwrought, not alloyed exports expanded rapidly to $7.7M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 99% against the previous year. As a result, the exports reached the peak of $8.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Nickel; Unwrought, Not Alloyed in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.3 | 1.3 | 0.6 | 5.0 | 14.9% |
| South Korea | 0.3 | 0.2 | 0.4 | 1.4 | 67.1% |
| India | 0.6 | 0.3 | 0.3 | 1.3 | 29.4% |
| Spain | N/A | 2.1 | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 3.1 | N/A | 0% |
| Singapore | N/A | 2.4 | N/A | N/A | 0% |
| Others | N/A | 2.1 | 2.4 | N/A | 14.3% |
| Total | 4.3 | 8.5 | 6.8 | 7.7 | 21.4% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Indonesia in 2022:
- Taiwan (Chinese) (383.8 tons)
- South Korea (126.1 tons)
- India (71.7 tons)
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This report provides an in-depth analysis of the nickel market in Indonesia.
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