Price for Nickel; Unwrought, Not Alloyed in South Africa - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in South Africa (FOB) - 2022
- Price for Nickel; Unwrought, Not Alloyed in South Africa (CIF) - 2022
- Exports of Nickel; Unwrought, Not Alloyed in South Africa
- Imports of Nickel; Unwrought, Not Alloyed in South Africa
Price for Nickel; Unwrought, Not Alloyed in South Africa (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $25,688 per ton, increasing by 35% against the previous year. In general, the export price continues to indicate noticeable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($28,452 per ton) and Belgium ($26,617 per ton), while the average price for exports to Italy ($23,189 per ton) and Japan ($23,905 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in South Africa (CIF) - 2022
The average nickel; unwrought, not alloyed import price stood at $6,368 per ton in 2022, declining by -51.9% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the maximum at $22,395 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Dominican Republic ($10,131 per ton), while the price for Greece totaled $5,146 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+19.7%), while the prices for the other major suppliers experienced a decline.
Exports of Nickel; Unwrought, Not Alloyed in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas shipments of nickel; unwrought, not alloyeds, which increased by 4.8% to 29K tons in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 138%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, nickel; unwrought, not alloyed exports surged to $741M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 233% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | 14.4 | 46.0 | 156 | 296.6% |
| United States | 6.7 | 12.8 | 112 | 136 | 172.8% |
| China | 30.9 | N/A | 122 | 136 | 63.9% |
| India | 16.3 | 4.0 | 60.5 | 76.4 | 67.4% |
| Belgium | N/A | 6.2 | 2.1 | 52.6 | 191.3% |
| Italy | 20.4 | 51.1 | 94.7 | 46.9 | 32.0% |
| Japan | 8.8 | 23.3 | 28.2 | 36.7 | 61.0% |
| Spain | N/A | 8.2 | 19.3 | 30.6 | 93.2% |
| Singapore | 52.8 | 20.4 | 7.7 | 1.5 | -69.5% |
| Others | 18.7 | 16.3 | 29.0 | 68.4 | 54.1% |
| Total | 157 | 157 | 522 | 741 | 67.7% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from South Africa in 2022:
- Netherlands (5.5K tons)
- United States (5.5K tons)
- China (5.1K tons)
- India (3.1K tons)
- Italy (2.0K tons)
- Belgium (2.0K tons)
- Japan (1.5K tons)
- Spain (1.2K tons)
- Singapore (0.1K tons)
Imports of Nickel; Unwrought, Not Alloyed in South Africa
In 2022, imports of nickel; unwrought, not alloyeds into South Africa skyrocketed to 1.5K tons, growing by 6,612% on 2021. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, not alloyed imports skyrocketed to $9.8M in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Not Alloyed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | N/A | N/A | 6.2 | 0% |
| Dominican Republic | N/A | N/A | N/A | 3.2 | 0% |
| Others | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Total | 0.2 | 0.2 | 0.3 | 9.8 | 265.9% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to South Africa in 2022:
- Greece (1204.4 tons)
- Dominican Republic (312.0 tons)
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This report provides an in-depth analysis of the nickel market in South Africa.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in South Africa.
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This report provides an in-depth analysis of the nickel market in South Africa.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Nickel saw its most rapid growth in August 2023, with a month-on-month increase of 82%. However, by December 2023, nickel exports dropped to $55M in value.
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In April 2023, the nickel price stood at $26,421 per ton (FOB, South Africa), standing approximately at the previous month.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel saw its most rapid growth in August 2023, with a month-on-month increase of 82%. However, by December 2023, nickel exports dropped to $55M in value.
941
In April 2023, the nickel price stood at $26,421 per ton (FOB, South Africa), standing approximately at the previous month.
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
