Sulphates; of Nickel Price in Turkey - 2023
Contents:
- Sulphates; of Nickel Price in Turkey (CIF) - 2023
- Sulphates; of Nickel Price in Turkey (FOB) - 2022
- Sulphates; of Nickel Imports in Turkey
- Sulphates; of Nickel Exports in Turkey
Sulphates; of Nickel Price in Turkey (CIF) - 2023
In July 2023, the average sulphates; of nickel import price amounted to $6,770 per ton, increasing by 11% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% month-to-month. The import price peaked at $7,422 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($8,664 per ton), while the price for Taiwan (Chinese) ($5,400 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 (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Price in Turkey (FOB) - 2022
In 2022, the average sulphates; of nickel export price amounted to $7,077 per ton, picking up by 53% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The export price peaked at $9,751 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($69,171 per ton), while the average price for exports to Iran ($6,593 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Nickel Imports in Turkey
In 2022, overseas purchases of sulphates; of nickels decreased by -0.8% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year.
In value terms, sulphates; of nickel imports surged to $10M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Sulphates; of Nickel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.0 | 1.5 | 2.4 | 3.3 | 48.9% |
| Germany | 0.7 | 1.4 | 2.9 | 3.3 | 67.7% |
| Belgium | 1.4 | 2.0 | 2.1 | 2.9 | 27.5% |
| Taiwan (Chinese) | 0.3 | 0.6 | 0.4 | 0.7 | 32.6% |
| Others | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Total | 3.7 | 5.9 | 8.1 | 10.5 | 41.6% |
Top Suppliers of Sulphates; of Nickel to Turkey in 2022:
- Germany (528.3 tons)
- Finland (513.2 tons)
- Belgium (464.3 tons)
- Taiwan (Chinese) (114.0 tons)
Sulphates; of Nickel Exports in Turkey
Sulphates; of nickel exports from Turkey rose remarkably to 323 tons in 2022, increasing by 7% on 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 125%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, sulphates; of nickel exports surged to $2.3M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Sulphates; of Nickel in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 387 | 842 | 1,367 | 1,593 | 60.3% |
| France | N/A | N/A | N/A | 296 | 0% |
| Egypt | N/A | N/A | N/A | 142 | 0% |
| Afghanistan | N/A | 44.9 | N/A | 61.9 | 17.4% |
| Others | 33.6 | 121 | 34.5 | 194 | 79.4% |
| Total | 421 | 1,008 | 1,401 | 2,287 | 75.8% |
Top Export Markets for Sulphates; of Nickel from Turkey in 2022:
- Iran (241.6 tons)
- France (44.0 tons)
- Egypt (19.2 tons)
- Afghanistan (8.0 tons)
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