Nickel Ore Price in Ethiopia - 2022
Contents:
Nickel Ore Price in Ethiopia (FOB) - 2022
The average nickel ore export price stood at $392 per ton in 2020, remaining constant against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 a decrease of 99.9%. The export price peaked in 2020 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for China.
From 2018 to 2020, the rate of growth in terms of prices for China amounted to +17.8% per year.
Nickel Ore Exports in Ethiopia
After two years of growth, shipments abroad of nickel ores and concentrates decreased by -97.9% to 23 tons in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 5,928%. As a result, the exports reached the peak of 1.1K tons, and then shrank dramatically in the following year.
In value terms, nickel ore exports fell significantly to $61K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,538%. As a result, the exports reached the peak of $186K, and then declined markedly in the following year.
| Export of Nickel Ore in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 10.6 | 7.1 | -33.0% | ||
| Others | -10.6 | N/A | 0% | ||
| Total | N/A | 7.1 | 0% | ||
Top Export Markets for Nickel Ore from Ethiopia in 2022:
- China (3.6 tons)
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