Price for Nickel; Wire, Not Alloyed in South Africa - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in South Africa (CIF) - 2022
- Price for Nickel; Wire, Not Alloyed in South Africa (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in South Africa
- Exports of Nickel; Wire, Not Alloyed in South Africa
Price for Nickel; Wire, Not Alloyed in South Africa (CIF) - 2022
The average nickel; wire, not alloyed import price stood at $20,177 per ton in 2022, jumping by 51% against the previous year. Overall, the import price, however, recorded a drastic downturn. Over the period under review, average import prices hit record highs at $37,624 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the UK ($61,605 per ton), while the price for Germany ($5,725 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+56.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in South Africa (FOB) - 2022
In 2022, the average nickel; wire, not alloyed export price amounted to $37,250 per ton, shrinking by -14.6% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2019 an increase of 878%. Over the period under review, the average export prices attained the maximum at $43,617 per ton in 2021, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for Swaziland.
From 2012 to 2022, the rate of growth in terms of prices for Swaziland amounted to +3.1% per year.
Imports of Nickel; Wire, Not Alloyed in South Africa
In 2022, approx. 2.9 tons of nickel; wire, not alloyeds were imported into South Africa; reducing by -92.1% on the year before. Overall, imports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 526%. As a result, imports reached the peak of 37 tons, and then declined markedly in the following year.
In value terms, nickel; wire, not alloyed imports contracted markedly to $59K in 2022. In general, imports continue to indicate a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by 283% against the previous year. As a result, imports attained the peak of $500K, and then contracted significantly in the following year.
| Import of Nickel; Wire, Not Alloyed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 99.2 | 38.4 | 60.5 | 45.8 | -22.7% |
| Czech Republic | N/A | N/A | N/A | 6.9 | 0% |
| Germany | 0.1 | 2.2 | 13.3 | 3.6 | 230.2% |
| Belgium | N/A | 0.8 | N/A | 2.1 | 62.0% |
| Switzerland | 5.7 | 23.0 | 373 | N/A | 708.9% |
| Italy | N/A | 54.0 | 28.9 | N/A | -46.5% |
| Pakistan | N/A | N/A | 10.6 | N/A | 0% |
| Others | 12.3 | 12.1 | 13.7 | 1.0 | -56.7% |
| Total | 117 | 130 | 500 | 59.5 | -20.2% |
Top Suppliers of Nickel; Wire, Not Alloyed to South Africa in 2022:
- India (1421.0 kg)
- Czech Republic (832.0 kg)
- Germany (637.0 kg)
- Belgium (46.0 kg)
Exports of Nickel; Wire, Not Alloyed in South Africa
In 2022, nickel; wire, not alloyed exports from South Africa skyrocketed to 136 kg, rising by 189% compared with the previous year. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 496% against the previous year. As a result, the exports reached the peak of 149 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, nickel; wire, not alloyed exports soared to $5.1K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Wire, Not Alloyed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 0.8 | 1.0 | 2.0 | 5.1 | 85.4% |
| Mozambique | 0.2 | N/A | N/A | N/A | 0% |
| Zambia | N/A | 0.3 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.0 | 1.3 | 2.0 | 5.1 | 72.1% |
Top Export Markets for Nickel; Wire, Not Alloyed from South Africa in 2022:
- Swaziland (136.0 kg)
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