Sulphates; of Nickel Price in Spain - 2023

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

In 2022, the average sulphates; of nickel import price amounted to $6,194 per ton, growing by 24% against the previous year. In general, the import price continues to indicate a measured increase. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Austria ($6,485 per ton), while the price for Germany ($4,062 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average sulphates; of nickel export price amounted to $7,121 per ton, surging by 35% against the previous year. Overall, the export price posted a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($7,502 per ton), while the average price for exports to Portugal stood at $7,054 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates; of Nickel Imports in Spain

In 2022, purchases abroad of sulphates; of nickels was finally on the rise to reach 427 tons after two years of decline. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, sulphates; of nickel imports surged to $2.6M in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Import of Sulphates; of Nickel in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	668	653	472	1,213	22.0%
Belgium	722	690	1,360	1,157	17.0%
Germany	51.8	17.1	104	122	33.0%
Netherlands	N/A	N/A	N/A	103	0%
Portugal	N/A	0.1	0.6	46.2	2049.4%
Others	86.0	1.1	52.3	2.9	-67.7%
Total	1,528	1,361	1,989	2,643	20.0%

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

Austria (187.0 tons)
Belgium (184.3 tons)
Germany (30.0 tons)
Netherlands (16.8 tons)
Portugal (8.6 tons)

Sulphates; of Nickel Exports in Spain

In 2022, shipments abroad of sulphates; of nickels decreased by -14.8% to 140 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, the exports attained the peak of 210 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphates; of nickel exports expanded rapidly to $994K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.