Sulphates; of Nickel Price in Japan - 2023
Contents:
- Sulphates; of Nickel Price in Japan (CIF) - 2023
- Sulphates; of Nickel Price in Japan (FOB) - 2023
- Sulphates; of Nickel Imports in Japan
- Sulphates; of Nickel Exports in Japan
Sulphates; of Nickel Price in Japan (CIF) - 2023
The average sulphates; of nickel import price stood at $5,400 per ton in July 2023, reducing by -2.4% against the previous month. Over the period under review, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 7.7% against the previous month. The import price peaked at $6,627 per ton in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Finland ($6,352 per ton) and Belgium ($5,474 per ton), while the price for Taiwan (Chinese) ($5,210 per ton) and South Korea ($5,305 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (+4.7%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Nickel Price in Japan (FOB) - 2023
The average sulphates; of nickel export price stood at $4,982 per ton in July 2023, surging by 9.1% against the previous month. Over the period under review, the export price, however, showed a slight reduction. The export price peaked at $5,824 per ton in December 2022; however, from January 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Russia ($7,375 per ton), while the average price for exports to the Philippines ($3,279 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Nickel Imports in Japan
In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of nickels, when their volume decreased by -16.2% to 86K tons. Overall, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 4.3%.
In value terms, sulphates; of nickel imports expanded significantly to $503M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +54.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Sulphates; of Nickel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 215 | 178 | 205 | 213 | -0.3% |
| South Korea | 56.7 | 78.3 | 122 | 155 | 39.8% |
| Finland | 42.0 | 66.8 | 83.2 | 86.6 | 27.3% |
| Belgium | 11.9 | 23.6 | 45.7 | 46.2 | 57.2% |
| Others | 0.1 | 0.1 | 0.1 | 3.1 | 214.1% |
| Total | 326 | 347 | 456 | 503 | 15.6% |
Top Suppliers of Sulphates; of Nickel to Japan in 2022:
- Taiwan (Chinese) (37.0K tons)
- South Korea (25.7K tons)
- Finland (15.2K tons)
- Belgium (7.8K tons)
Sulphates; of Nickel Exports in Japan
After three years of growth, shipments abroad of sulphates; of nickels decreased by -18.6% to 5.9K tons in 2022. Over the period under review, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 when exports increased by 3.7%.
In value terms, sulphates; of nickel exports rose sharply to $31M in 2022. The total export value increased at an average annual rate of +11.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Sulphates; of Nickel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.0 | 4.8 | 3.3 | 6.5 | 29.4% |
| Malaysia | 4.3 | 3.7 | 4.0 | 5.5 | 8.6% |
| Philippines | 2.7 | 3.4 | 4.3 | 4.1 | 14.9% |
| South Korea | 3.2 | 2.1 | 2.6 | 3.4 | 2.0% |
| India | 1.5 | 1.0 | 1.3 | 2.2 | 13.6% |
| Thailand | 0.7 | 1.0 | 2.3 | 2.1 | 44.2% |
| Indonesia | 1.4 | 1.0 | 1.5 | 1.7 | 6.7% |
| Singapore | 0.8 | 0.7 | 0.4 | 1.0 | 7.7% |
| China | 0.8 | 1.2 | 4.2 | 1.0 | 7.7% |
| Hong Kong SAR | 1.0 | 0.9 | 1.2 | 1.0 | 0.0% |
| Vietnam | 0.7 | 0.8 | 1.2 | 0.9 | 8.7% |
| Germany | 0.6 | 0.6 | 0.5 | 0.6 | 0.0% |
| United Kingdom | 1.1 | 1.1 | N/A | N/A | 0.0% |
| Others | 0.3 | 0.5 | 1.0 | 1.1 | 54.2% |
| Total | 22.1 | 22.9 | 27.7 | 30.9 | 11.8% |
Top Export Markets for Sulphates; of Nickel from Japan in 2022:
- Malaysia (1229.9 tons)
- Philippines (1015.4 tons)
- Taiwan (Chinese) (990.4 tons)
- South Korea (713.0 tons)
- India (375.0 tons)
- Thailand (323.4 tons)
- Indonesia (274.6 tons)
- China (239.9 tons)
- Singapore (171.0 tons)
- Vietnam (166.6 tons)
- Hong Kong SAR (159.5 tons)
- Germany (120.6 tons)
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