Sulphates; of Nickel Price in Denmark - 2023

Sulphates; of Nickel Price in Denmark (CIF) - 2022

In 2022, the average sulphates; of nickel import price amounted to $7,112 per ton, surging by 64% against the previous year. Over the period under review, the import price showed a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 79%. As a result, import price reached the peak level of $8,181 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($8,056 per ton), while the price for Germany ($6,664 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Nickel Price in Denmark (FOB) - 2022

In 2022, the average sulphates; of nickel export price amounted to $449 per ton, shrinking by -91.7% against the previous year. Over the period under review, the export price faced a precipitous slump. The pace of growth was the most pronounced in 2020 an increase of 72%. As a result, the export price attained the peak level of $36,500 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($819 per ton), while the average price for exports to the Netherlands totaled $415 per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-60.6%).

Sulphates; of Nickel Imports in Denmark

For the fourth consecutive year, Denmark recorded growth in overseas purchases of sulphates; of nickels, which increased by 24% to 4.5 tons in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 989%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, sulphates; of nickel imports surged to $32K in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 618%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Sulphates; of Nickel in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.3	10.6	10.1	18.4	141.9%
Sweden	1.1	6.7	3.9	10.2	110.1%
Netherlands	N/A	N/A	N/A	3.4	0%
Others	N/A	0.6	1.8	0.3	-29.3%
Total	2.5	18.0	15.8	32.2	134.4%

Top Suppliers of Sulphates; of Nickel to Denmark in 2022:

Germany (2.8 tons)
Sweden (1.3 tons)
Netherlands (0.5 tons)

Sulphates; of Nickel Exports in Denmark

Sulphates; of nickel exports from Denmark declined markedly to 67 kg in 2022, dropping by -96.7% against the previous year. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 33,350% against the previous year. As a result, the exports reached the peak of 2 tons, and then declined markedly in the following year.

In value terms, sulphates; of nickel exports shrank notably to $30 in 2022. Over the period under review, exports saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 4,832% against the previous year. As a result, the exports reached the peak of $11K, and then shrank notably in the following year.