Sulphates; of Nickel Price in Bangladesh - 2022
Contents:
Sulphates; of Nickel Price in Bangladesh (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $7,010 per ton, picking up by 8.6% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of nickel import price increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($7,345 per ton), while the price for India ($6,936 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Imports in Bangladesh
In 2022, after two years of decline, there was significant growth in supplies from abroad of sulphates; of nickels, when their volume increased by 100% to 86 tons. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of nickel imports surged to $605K in 2022. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Nickel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 182 | 64.3 | 124 | 420 | 32.1% |
| India | 91.3 | 44.1 | 88.2 | 133 | 13.4% |
| Taiwan (Chinese) | 80.8 | 98.3 | 66.9 | 51.4 | -14.0% |
| Singapore | 80.1 | 73.0 | N/A | N/A | -8.9% |
| Others | 2.1 | N/A | N/A | N/A | 0% |
| Total | 436 | 280 | 279 | 605 | 11.5% |
Top Suppliers of Sulphates; of Nickel to Bangladesh in 2022:
- China (60.0 tons)
- India (19.2 tons)
- Taiwan (Chinese) (7.0 tons)
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