Price for Nickel; Waste and Scrap in South Africa - 2023

Contents:

1. Price for Nickel; Waste and Scrap in South Africa (FOB) - 2022
2. Price for Nickel; Waste and Scrap in South Africa (CIF) - 2022
3. Exports of Nickel; Waste and Scrap in South Africa
4. Imports of Nickel; Waste and Scrap in South Africa

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

In 2022, the average nickel; waste and scrap export price amounted to $10,702 per ton, surging by 75% against the previous year. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($11,628 per ton), while the average price for exports to the Netherlands ($8,423 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 (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Waste and Scrap in South Africa (CIF) - 2022

The average nickel; waste and scrap import price stood at $79 per ton in 2022, falling by -94.9% against the previous year. Overall, the import price saw a significant contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36%. The import price peaked at $7,594 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -12.6% per year.

Exports of Nickel; Waste and Scrap in South Africa

For the fourth consecutive year, South Africa recorded growth in shipments abroad of nickel; waste and scraps, which increased by 76% to 421 tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; waste and scrap exports surged to $4.5M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Waste and Scrap from South Africa in 2022:

1. United Kingdom (268.8 tons)
2. Germany (99.0 tons)
3. Netherlands (53.1 tons)

Imports of Nickel; Waste and Scrap in South Africa

In 2022, overseas purchases of nickel; waste and scraps decreased by -96.5% to 114 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 3,927%. As a result, imports reached the peak of 3.5 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel; waste and scrap imports declined notably to $9 in 2022. In general, imports faced a sharp decline. The pace of growth was the most pronounced in 2020 when imports increased by 5,393% against the previous year.

Top Suppliers of Nickel; Waste and Scrap to South Africa in 2022:

1. Brazil (114.0 kg)

Source: IndexBox Market Intelligence Platform