Sulphates; of Nickel Price in Lithuania - 2023

Contents:

  1. Sulphates; of Nickel Price in Lithuania (CIF) - 2022
  2. Sulphates; of Nickel Price in Lithuania (FOB) - 2022
  3. Sulphates; of Nickel Imports in Lithuania
  4. Sulphates; of Nickel Exports in Lithuania

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

In 2022, the average sulphates; of nickel import price amounted to $6,907 per ton, growing by 66% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 67%. As a result, import price reached the peak level of $7,035 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +1.4% per year.

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

In 2022, the average sulphates; of nickel export price amounted to $4,000 per ton, waning by -25.8% against the previous year. Overall, the export price showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 142% against the previous year. As a result, the export price attained the peak level of $12,826 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +1.0% per year.

Sulphates; of Nickel Imports in Lithuania

In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of nickels, when their volume decreased by -62.1% to 1.5 tons. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 884%.

In value terms, sulphates; of nickel imports fell dramatically to $10K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 787% against the previous year.

Import of Sulphates; of Nickel in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland0.89.510.88.7121.6%
ItalyN/AN/A2.7N/A0%
Others0.40.63.11.762.0%
Total1.110.116.610.4111.5%

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

  1. Poland (1497.0 kg)

Sulphates; of Nickel Exports in Lithuania

For the third consecutive year, Lithuania recorded decline in overseas shipments of sulphates; of nickels, which decreased by -98.5% to 1 kg in 2022. Overall, exports saw a sharp contraction. The smallest decline of -47.6% was in 2021.

In value terms, sulphates; of nickel exports dropped significantly to $4 in 2022. Over the period under review, exports faced a sharp reduction. The smallest decline of -57.1% was in 2021.

Export of Sulphates; of Nickel in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia5.50.4N/AN/A-92.7%
LatviaN/A0.3N/AN/A0%
United KingdomN/AN/A0.3N/A0%
United StatesN/AN/AN/AN/A0%
OthersN/A0.10.1N/A0.0%
Total5.50.80.4N/A-73.0%

Top Export Markets for Sulphates; of Nickel from Lithuania in 2022:

  1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform

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