Sulphates; of Nickel Price in Peru - 2021

Sulphates; of Nickel Price in Peru (CIF) - 2022

The average sulphates; of nickel import price stood at $5,162 per ton in 2022, approximately mirroring the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. The import price peaked at $5,340 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($7,810 per ton), while the price for Finland ($1,990 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Sulphates; of Nickel Price in Peru (FOB) - 2022

The average sulphates; of nickel export price stood at $6,181 per ton in 2022, with a decrease of -3.2% against the previous year. Over the period under review, the export price saw a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 16%. The export price peaked at $8,912 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($7,248 per ton), while the average price for exports to Ecuador totaled $5,341 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-2.2%).

Sulphates; of Nickel Imports in Peru

For the third year in a row, Peru recorded decline in supplies from abroad of sulphates; of nickels, which decreased by -0.3% to 16 tons in 2022. In general, imports continue to indicate a abrupt setback.

In value terms, sulphates; of nickel imports reduced to $84K in 2022. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2.3% against the previous year.

Import of Sulphates; of Nickel in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	16.9	19.6	22.6	19.2	4.3%
Austria	8.4	9.3	13.5	11.4	10.7%
Germany	25.6	19.8	13.2	11.1	-24.3%
China	6.3	6.2	4.3	4.4	-11.3%
Finland	10.3	7.6	3.9	3.0	-33.7%
Italy	4.9	4.4	2.7	2.5	-20.1%
Australia	2.5	0.9	1.2	1.0	-26.3%
South Korea	N/A	4.8	N/A	N/A	0%
Taiwan (Chinese)	6.5	4.0	N/A	N/A	-38.5%
Others	11.8	6.8	23.8	31.8	39.2%
Total	93.2	83.4	85.3	84.3	-3.3%

Top Suppliers of Sulphates; of Nickel to Peru in 2022:

France (3.8 tons)
Austria (2.3 tons)
Germany (2.3 tons)
Finland (1.5 tons)
China (0.8 tons)
Italy (0.7 tons)
Australia (0.3 tons)

Sulphates; of Nickel Exports in Peru

In 2022, sulphates; of nickel exports from Peru dropped markedly to 502 kg, declining by -27.2% on the previous year. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 120% against the previous year. As a result, the exports attained the peak of 690 kg, and then declined rapidly in the following year.

In value terms, sulphates; of nickel exports shrank dramatically to $3.1K in 2022. In general, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 145%. As a result, the exports reached the peak of $4.4K, and then declined markedly in the following year.