Sulphates; of Nickel Price in the United Arab Emirates - 2021

Sulphates; of Nickel Price in the United Arab Emirates (CIF) - 2022

In 2022, the average sulphates; of nickel import price amounted to $5,108 per ton, shrinking by -6.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35%. As a result, import price attained the peak level of $5,446 per ton, and then dropped in the following year.

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 Italy ($19,913 per ton), while the price for Russia ($2,791 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Nickel Price in the United Arab Emirates (FOB) - 2022

In 2022, the average sulphates; of nickel export price amounted to $2,849 per ton, surging by 8.5% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. The export price peaked at $6,214 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 Iran.

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to -7.5% per year.

Sulphates; of Nickel Imports in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of nickels, when their volume decreased by -34% to 29 tons. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 212%. As a result, imports attained the peak of 44 tons, and then fell remarkably in the following year.

In value terms, sulphates; of nickel imports contracted rapidly to $149K in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 320% against the previous year. As a result, imports attained the peak of $240K, and then shrank notably in the following year.

Import of Sulphates; of Nickel in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	20.1	25.8	86.3	51.2	36.6%
China	8.7	11.5	39.0	23.6	39.5%
Austria	2.3	2.1	21.4	12.3	74.9%
Taiwan (Chinese)	3.1	5.6	18.0	10.3	49.2%
Italy	3.0	0.7	18.7	9.8	48.4%
Belgium	6.8	6.4	11.9	6.8	0.0%
Others	5.6	5.1	44.7	34.6	83.5%
Total	49.7	57.1	240	149	44.2%

Top Suppliers of Sulphates; of Nickel to the United Arab Emirates in 2022:

Russia (18.3 tons)
China (6.2 tons)
Taiwan (Chinese) (0.9 tons)
Austria (0.8 tons)
Belgium (0.6 tons)
Italy (0.5 tons)

Sulphates; of Nickel Exports in the United Arab Emirates

In 2022, overseas shipments of sulphates; of nickels decreased by -7.7% to 203 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 220 tons, and then reduced in the following year.

In value terms, sulphates; of nickel exports amounted to $579K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern.