Sulphates; of Nickel Price in Singapore - 2022
Contents:
- Sulphates; of Nickel Price in Singapore (CIF) - 2022
- Sulphates; of Nickel Price in Singapore (FOB) - 2022
- Sulphates; of Nickel Imports in Singapore
- Sulphates; of Nickel Exports in Singapore
Sulphates; of Nickel Price in Singapore (CIF) - 2022
The average sulphates; of nickel import price stood at $8,766 per ton in 2022, rising by 75% against the previous year. In general, the import price saw buoyant growth. As a result, import price attained 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 Taiwan (Chinese) ($9,733 per ton) and Japan ($9,396 per ton), while the price for Finland ($8,064 per ton) and China ($8,181 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Price in Singapore (FOB) - 2022
The average sulphates; of nickel export price stood at $9,613 per ton in September 2022, surging by 9.1% against the previous month. Over the period under review, export price indicated a strong expansion from September 2021 to September 2022: its price increased at an average monthly rate of +6.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, sulphates; of nickel export price increased by +31.0% against July 2022 indices. The growth pace was the most rapid in January 2022 when the average export price increased by 74% against the previous month. As a result, the export price attained the peak level of $9,761 per ton. From February 2022 to September 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($13,131 per ton), while the average price for exports to the Philippines ($5,007 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Nickel Imports in Singapore
In 2022, sulphates; of nickel imports into Singapore amounted to 1.7K tons, growing by 11% against the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sulphates; of nickel imports skyrocketed to $15M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Nickel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.7 | 2.3 | 4.0 | 7.3 | 62.5% |
| Finland | 1.9 | 0.4 | 0.7 | 1.8 | -1.8% |
| Taiwan (Chinese) | 0.1 | 0.4 | 0.9 | 1.7 | 157.1% |
| China | 0.9 | 1.0 | 0.8 | 1.6 | 21.1% |
| Japan | 1.0 | 0.9 | 0.7 | 1.6 | 17.0% |
| United States | N/A | 0.1 | 0.4 | 0.7 | 164.6% |
| Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Total | 5.8 | 5.2 | 7.6 | 14.9 | 37.0% |
Top Suppliers of Sulphates; of Nickel to Singapore in 2022:
- Belgium (835.1 tons)
- Finland (225.9 tons)
- China (196.1 tons)
- Taiwan (Chinese) (170.6 tons)
- Japan (166.2 tons)
- United States (76.5 tons)
Sulphates; of Nickel Exports in Singapore
In 2022, approx. 1.5K tons of sulphates; of nickels were exported from Singapore; rising by 36% on the previous year. The total export volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of nickel exports soared to $10M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sulphates; of Nickel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.8 | 2.2 | 2.9 | 5.3 | 23.7% |
| Indonesia | 0.5 | 0.8 | 1.4 | 2.5 | 71.0% |
| Vietnam | 0.2 | 0.5 | 0.7 | 1.3 | 86.6% |
| Thailand | 0.4 | 0.5 | 0.2 | 0.6 | 14.5% |
| Philippines | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Others | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Total | 4.3 | 4.2 | 5.4 | 10.5 | 34.7% |
Top Export Markets for Sulphates; of Nickel from Singapore in 2022:
- Malaysia (572.8 tons)
- Indonesia (520.1 tons)
- Vietnam (257.2 tons)
- Philippines (88.0 tons)
- Thailand (73.3 tons)
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