Price for Nickel Oxides and Hydroxides in Sweden - 2023

Contents:

1. Price for Nickel Oxides and Hydroxides in Sweden (CIF) - 2022
2. Price for Nickel Oxides and Hydroxides in Sweden (FOB) - 2023
3. Imports of Nickel Oxides and Hydroxides in Sweden
4. Exports of Nickel Oxides and Hydroxides in Sweden

Price for Nickel Oxides and Hydroxides in Sweden (CIF) - 2022

The average nickel oxides and hydroxides import price stood at $20,693 per ton in 2022, reducing by -3.8% against the previous year. In general, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 93% against the previous year. As a result, import price attained the peak level of $21,635 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($64,332 per ton), while the price for Japan ($18,748 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+86.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel Oxides and Hydroxides in Sweden (FOB) - 2023

The average nickel oxides and hydroxides export price stood at $11,645 per ton in July 2023, falling by -15.9% against the previous month. Over the period under review, the export price showed a noticeable setback. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices reached the peak figure at $17,432 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was India ($21,343 per ton), while the average price for exports to the Czech Republic totaled $8,863 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.1%).

Imports of Nickel Oxides and Hydroxides in Sweden

Nickel oxides and hydroxides imports into Sweden surged to 839 tons in 2022, jumping by 66% against the year before. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 127%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, nickel oxides and hydroxides imports soared to $17M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 119% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Nickel Oxides and Hydroxides to Sweden in 2022:

1. Japan (735.0 tons)
2. China (67.1 tons)
3. Netherlands (27.0 tons)

Exports of Nickel Oxides and Hydroxides in Sweden

In 2022, approx. 627 tons of nickel oxides and hydroxideses were exported from Sweden; picking up by 2.6% compared with 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, nickel oxides and hydroxides exports skyrocketed to $7.2M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Nickel Oxides and Hydroxides from Sweden in 2022:

1. Czech Republic (383.0 tons)
2. India (244.0 tons)

Source: IndexBox Market Intelligence Platform