Sulphates; of Nickel Price in Nepal - 2021
Contents:
Sulphates; of Nickel Price in Nepal (CIF) - 2022
In 2022, the average sulphates; of nickel import price amounted to $8,882 per ton, surging by 29% against the previous year. Overall, the import price continues to indicate a mild expansion. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.0% per year.
Sulphates; of Nickel Imports in Nepal
In 2022, purchases abroad of sulphates; of nickels decreased by -0.2% to 439 kg, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 45%. As a result, imports reached the peak of 834 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of nickel imports soared to $3.9K in 2022. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. As a result, imports attained the peak of $5.4K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sulphates; of Nickel in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.6 | 5.4 | 3.0 | 3.9 | 2.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.6 | 5.4 | 3.0 | 3.9 | 2.7% |
Top Suppliers of Sulphates; of Nickel to Nepal in 2022:
- India (439.0 kg)
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