Sulphates; of Nickel Price in Hungary - 2023
Contents:
Sulphates; of Nickel Price in Hungary (CIF) - 2022
The average sulphates; of nickel import price stood at $8,284 per ton in 2022, picking up by 25% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +135.0% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,224 per ton), while the price for Austria stood at $7,082 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%).
Sulphates; of Nickel Imports in Hungary
In 2022, the amount of sulphates; of nickels imported into Hungary rose notably to 8 tons, increasing by 7.7% on the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, sulphates; of nickel imports skyrocketed to $66K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +65.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Nickel in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.2 | 35.9 | 48.6 | 62.2 | 20.9% |
| Austria | 3.7 | 2.9 | N/A | 2.8 | -8.9% |
| Others | 2.2 | 1.1 | 0.5 | 1.2 | -18.3% |
| Total | 41.1 | 39.9 | 49.1 | 66.2 | 17.2% |
Top Suppliers of Sulphates; of Nickel to Hungary in 2022:
- Germany (7.6 tons)
- Austria (0.4 tons)
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