Price for Nickel; Waste and Scrap in Oman - 2022

Price for Nickel; Waste and Scrap in Oman (FOB) - 2022

In 2022, the average nickel; waste and scrap export price amounted to $6,819 per ton, picking up by 79% against the previous year. In general, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 India ($7,455 per ton), while the average price for exports to Belgium ($202 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 Malaysia (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Nickel; Waste and Scrap in Oman

After three years of growth, overseas shipments of nickel; waste and scraps decreased by -96.3% to 3.6 tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 11,702% against the previous year.

In value terms, nickel; waste and scrap exports declined markedly to $24K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 7,995%.

Export of Nickel; Waste and Scrap in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	N/A	183	348	22.9	-64.6%
India	2.2	3.9	22.2	1.3	-16.1%
Belgium	0.1	0.1	0.5	N/A	123.6%
Others	N/A	N/A	0.1	N/A	0%
Total	2.3	187	371	24.3	119.4%