Chlorides; of Nickel Price in Estonia - 2022

Chlorides; of Nickel Price in Estonia (CIF) - 2022

In 2022, the average chlorides; of nickel import price amounted to $21,000 per ton, growing by 46% against the previous year. Overall, the import price saw a significant increase. The pace of growth was the most pronounced in 2018 an increase of 126% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +21.5% per year.

Chlorides; of Nickel Price in Estonia (FOB) - 2022

In 2021, the average chlorides; of nickel export price amounted to $5,626 per ton, waning by -36.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1.5%. Over the period under review, the average export prices reached the peak figure at $8,900 per ton in 2020, and then dropped notably in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +0.4% per year.

Chlorides; of Nickel Imports in Estonia

In 2022, imports of chlorides; of nickels into Estonia shrank remarkably to 2 kg, which is down by -93.1% compared with the previous year's figure. Overall, imports saw a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 38%.

In value terms, chlorides; of nickel imports fell significantly to $42 in 2022. In general, imports faced a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by 107%.

Import of Chlorides; of Nickel in Estonia (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	N/A	24.0	60.0	42.0	32.3%
China	171	N/A	N/A	N/A	0%
Germany	1,239	N/A	108	N/A	-70.5%
United States	39.0	N/A	N/A	N/A	0%
Finland	N/A	177	248	N/A	40.1%
Others	86.0	N/A	N/A	N/A	0%
Total	1,535	201	416	42.0	-69.9%

Top Suppliers of Chlorides; of Nickel to Estonia in 2022:

Belgium (2.0 kg)

Chlorides; of Nickel Exports in Estonia

In 2021, the amount of chlorides; of nickels exported from Estonia surged to 3 tons, with an increase of 14,900% against the year before. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of nickel exports skyrocketed to $17K in 2021. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.