Sulphates; of Nickel Price in the Czech Republic - 2023

Contents:

  1. Sulphates; of Nickel Price in the Czech Republic (CIF) - 2023
  2. Sulphates; of Nickel Price in the Czech Republic (FOB) - 2022
  3. Sulphates; of Nickel Imports in the Czech Republic
  4. Sulphates; of Nickel Exports in the Czech Republic

Sulphates; of Nickel Price in the Czech Republic (CIF) - 2023

The average sulphates; of nickel import price stood at $5,741 per ton in July 2023, declining by -11.4% against the previous month. Overall, the import price showed a slight setback. The pace of growth appeared the most rapid in January 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $7,476 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($7,085 per ton), while the price for Finland ($5,398 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Nickel Price in the Czech Republic (FOB) - 2022

The average sulphates; of nickel export price stood at $8,077 per ton in 2022, growing by 75% against the previous year. Overall, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $12,550 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to -1.7% per year.

Sulphates; of Nickel Imports in the Czech Republic

After three years of growth, overseas purchases of sulphates; of nickels decreased by -8.4% to 1.4K tons in 2022. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year.

In value terms, sulphates; of nickel imports soared to $9.3M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Sulphates; of Nickel in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Finland1.91.92.53.522.6%
Germany1.01.20.82.433.9%
Belgium0.91.32.12.438.7%
NetherlandsN/AN/A0.50.740.0%
Russia0.30.1N/AN/A-66.7%
Austria0.40.60.6N/A22.5%
Italy0.10.10.2N/A41.4%
OthersN/AN/A0.20.20.0%
Total4.65.17.09.326.4%

Top Suppliers of Sulphates; of Nickel to the Czech Republic in 2022:

  1. Finland (530.0 tons)
  2. Belgium (392.6 tons)
  3. Germany (330.6 tons)
  4. Netherlands (118.4 tons)
  5. Austria (2.0 tons)

Sulphates; of Nickel Exports in the Czech Republic

Sulphates; of nickel exports from the Czech Republic shrank markedly to 1.3 tons in 2022, with a decrease of -94.4% against 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 3,452% against the previous year. As a result, the exports attained the peak of 23 tons, and then shrank sharply in the following year.

In value terms, sulphates; of nickel exports declined dramatically to $11K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,058% against the previous year. As a result, the exports reached the peak of $107K, and then dropped remarkably in the following year.

Export of Sulphates; of Nickel in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia2.84.31.210.354.4%
FranceN/AN/A105N/A0%
Others2.70.7N/A0.2-58.0%
Total5.54.910710.524.1%

Top Export Markets for Sulphates; of Nickel from the Czech Republic in 2022:

  1. Slovakia (1300.0 kg)

Source: IndexBox Market Intelligence Platform

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