Sulphates; of Nickel Price in Myanmar - 2022
Contents:
Sulphates; of Nickel Price in Myanmar (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $27,460 per ton, growing by 26% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 64%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 India ($219,113 per ton), while the price for Singapore totaled $19,431 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by India (+57.6%).
Sulphates; of Nickel Imports in Myanmar
In 2022, the amount of sulphates; of nickels imported into Myanmar amounted to 24 kg, approximately equating 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The smallest decline of -40% was in 2021.
In value terms, sulphates; of nickel imports soared to $648 in 2022. Overall, imports continue to indicate a deep contraction.
| Import of Sulphates; of Nickel in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 538 | 481 | 378 | 440 | -6.5% |
| India | 55.0 | 77.0 | 142 | 208 | 55.8% |
| Japan | 199 | 217 | N/A | N/A | 9.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 792 | 775 | 520 | 648 | -6.5% |
Top Suppliers of Sulphates; of Nickel to Myanmar in 2022:
- Singapore (23.0 kg)
- India (1.0 kg)
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