Sulphates; of Nickel Price in Israel - 2023
Contents:
Sulphates; of Nickel Price in Israel (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $5,835 per ton, increasing by 31% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +107.7% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($5,835 per ton) and the United States ($5,835 per ton), while the price for Italy ($5,835 per ton) and Ireland ($5,835 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Imports in Israel
In 2022, supplies from abroad of sulphates; of nickels decreased by -13.6% to 69 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year.
In value terms, sulphates; of nickel imports rose remarkably to $403K in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 43%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Sulphates; of Nickel in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 67.6 | 77.8 | 61.9 | 199 | 43.3% |
| Ireland | 22.3 | 39.0 | 56.5 | 146 | 87.1% |
| Russia | 7.8 | 24.5 | 8.5 | 30.0 | 56.7% |
| Turkey | N/A | N/A | N/A | 21.0 | 0% |
| United States | 32.5 | 20.0 | 2.7 | 5.0 | -46.4% |
| United Kingdom | 37.2 | 56.9 | 63.1 | N/A | 30.2% |
| Poland | 11.0 | 35.1 | 5.0 | N/A | -32.6% |
| Others | 11.6 | 18.6 | 159 | 2.0 | -44.3% |
| Total | 190 | 272 | 357 | 403 | 28.5% |
Top Suppliers of Sulphates; of Nickel to Israel in 2022:
- Italy (34.1 tons)
- Ireland (25.0 tons)
- Russia (5.1 tons)
- Turkey (3.6 tons)
- United States (0.9 tons)
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