Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa (CIF) - 2024
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa (CIF) - 2024
In July 2023, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $40,301 per ton, reducing by -44.9% against the previous month. Overall, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in February 2023 an increase of 285% m-o-m. Over the period under review, average import prices hit record highs at $73,155 per ton in June 2023, and then shrank rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($109K per ton), while the price for Switzerland ($8,289 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $12,126 per ton in 2022, jumping by 128% against the previous year. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 152% against the previous year. As a result, the export price reached the peak level of $40,365 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($20,049 per ton), while the average price for exports to Namibia ($6,800 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 China (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa
Imports of nickel; bars, rods and profiles, of nickel alloyses into South Africa surged to 60 tons in 2022, with an increase of 63% against the year before. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $1.7M in 2022. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 500 | 48.5 | 248 | 550 | 3.2% |
Germany | 101 | 158 | 160 | 249 | 35.1% |
Canada | 91.0 | 58.2 | 76.9 | 197 | 29.4% |
China | 93.7 | 47.6 | 111 | 171 | 22.2% |
India | 20.9 | 139 | 307 | 120 | 79.1% |
Switzerland | 11.2 | 13.9 | 8.9 | 120 | 120.5% |
Italy | 67.7 | 25.0 | 78.7 | 89.6 | 9.8% |
France | 71.2 | 29.6 | 16.0 | 84.3 | 5.8% |
United Kingdom | 123 | 26.3 | 33.5 | 19.1 | -46.3% |
Czech Republic | N/A | N/A | 1.6 | 8.2 | 412.5% |
Others | 171 | 22.7 | 100 | 112 | -13.2% |
Total | 1,251 | 569 | 1,142 | 1,721 | 11.2% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to South Africa in 2022:
- Denmark (14.5 tons)
- Germany (11.4 tons)
- China (9.5 tons)
- India (6.4 tons)
- Switzerland (6.3 tons)
- Czech Republic (3.4 tons)
- Italy (2.6 tons)
- France (1.9 tons)
- Canada (1.8 tons)
- United Kingdom (0.6 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa
In 2022, overseas shipments of nickel; bars, rods and profiles, of nickel alloyses decreased by -12.7% to 1.5 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 439%. As a result, the exports reached the peak of 1.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $18K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 335% against the previous year. As a result, the exports attained the peak of $22K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Tanzania | N/A | N/A | N/A | 13.7 | 0% |
Namibia | N/A | 4.9 | 8.9 | 1.9 | -37.7% |
Zimbabwe | 0.8 | 12.2 | N/A | 1.2 | 14.5% |
Swaziland | N/A | N/A | N/A | 0.6 | 0% |
Nigeria | 0.1 | N/A | N/A | N/A | 0% |
Mozambique | N/A | 2.4 | N/A | N/A | 0% |
Others | 4.2 | 2.6 | N/A | 0.3 | -58.5% |
Total | 5.1 | 22.1 | 8.9 | 17.8 | 51.7% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from South Africa in 2022:
- Tanzania (1039.0 kg)
- Namibia (280.0 kg)
- Swaziland (82.0 kg)
- Zimbabwe (61.0 kg)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in South Africa.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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