Sulphates; of Nickel Price in Belgium - 2023
Contents:
- Sulphates; of Nickel Price in Belgium (FOB) - 2022
- Sulphates; of Nickel Price in Belgium (CIF) - 2022
- Sulphates; of Nickel Exports in Belgium
- Sulphates; of Nickel Imports in Belgium
Sulphates; of Nickel Price in Belgium (FOB) - 2022
The average sulphates; of nickel export price stood at $6,299 per ton in 2022, with an increase of 57% against the previous year. Over the period under review, the export price recorded strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7,897 per ton), while the average price for exports to the Philippines ($3,301 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Nickel Price in Belgium (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $6,885 per ton, rising by 57% against the previous year. In general, the import price, however, saw a mild descent. The import price peaked at $7,216 per ton in 2018; however, from 2019 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 Germany ($7,496 per ton), while the price for Cyprus ($4,123 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+62.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Exports in Belgium
In 2022, approx. 30K tons of sulphates; of nickels were exported from Belgium; waning by -9.3% against the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of 33K tons, and then dropped in the following year.
In value terms, sulphates; of nickel exports surged to $191M in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Sulphates; of Nickel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.4 | 27.0 | 41.9 | 64.8 | 69.1% |
| Canada | 16.0 | 1.7 | 11.1 | 42.5 | 38.5% |
| Italy | 8.2 | 6.0 | 7.7 | 17.6 | 29.0% |
| Germany | 8.6 | 6.6 | 7.6 | 17.1 | 25.7% |
| United Kingdom | 8.3 | 1.4 | 0.1 | 13.1 | 16.4% |
| United States | 4.7 | 3.9 | 4.2 | 10.6 | 31.1% |
| Philippines | 2.8 | 1.2 | 7.9 | 6.1 | 29.6% |
| South Korea | 14.7 | 10.1 | 7.5 | N/A | -28.6% |
| India | 3.4 | 5.8 | 4.3 | N/A | 12.5% |
| Mexico | 3.3 | 1.8 | N/A | N/A | -45.5% |
| Others | 19.8 | 18.2 | 41.9 | 19.1 | -1.2% |
| Total | 103 | 83.8 | 134 | 191 | 22.9% |
Top Export Markets for Sulphates; of Nickel from Belgium in 2022:
- Japan (10.0K tons)
- Canada (5.8K tons)
- Germany (2.9K tons)
- Italy (2.8K tons)
- United Kingdom (2.0K tons)
- Philippines (1.9K tons)
- United States (1.7K tons)
Sulphates; of Nickel Imports in Belgium
Sulphates; of nickel imports into Belgium skyrocketed to 22K tons in 2022, with an increase of 54% compared with 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of nickel imports soared to $149M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Nickel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.1 | 20.0 | 26.9 | 61.6 | 28.4% |
| Sweden | 19.8 | 13.5 | 19.6 | 46.9 | 33.3% |
| Poland | N/A | N/A | 6.2 | 18.1 | 191.9% |
| Netherlands | 1.2 | 4.0 | 3.4 | 10.0 | 102.7% |
| Cyprus | N/A | N/A | N/A | 9.4 | 0% |
| Bulgaria | 4.1 | 2.8 | 2.4 | 2.9 | -10.9% |
| Others | 0.9 | 0.1 | 3.2 | 0.6 | -12.6% |
| Total | 55.1 | 40.3 | 61.7 | 149 | 39.3% |
Top Suppliers of Sulphates; of Nickel to Belgium in 2022:
- Germany (8.2K tons)
- Sweden (6.5K tons)
- Poland (2.9K tons)
- Cyprus (2.3K tons)
- Netherlands (1.3K tons)
- Bulgaria (0.4K tons)
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