Price for Nickel; Waste and Scrap in Colombia - 2022

Contents:

1. Price for Nickel; Waste and Scrap in Colombia (FOB) - 2022
2. Price for Nickel; Waste and Scrap in Colombia (CIF) - 2022
3. Exports of Nickel; Waste and Scrap in Colombia
4. Imports of Nickel; Waste and Scrap in Colombia

Price for Nickel; Waste and Scrap in Colombia (FOB) - 2022

In 2022, the average nickel; waste and scrap export price amounted to $10,811 per ton, surging by 26% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 49% against the previous year. Over the period under review, the average export prices reached the maximum at $11,704 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($22,998 per ton), while the average price for exports to Japan ($4,232 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 Thailand (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Waste and Scrap in Colombia (CIF) - 2022

In 2022, the average nickel; waste and scrap import price amounted to $4,513 per ton, with a decrease of -28.4% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. The import price peaked at $18,577 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, 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 the United States amounted to -13.2% per year.

Exports of Nickel; Waste and Scrap in Colombia

In 2022, approx. 22 tons of nickel; waste and scraps were exported from Colombia; with an increase of 37% compared with the previous year's figure. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nickel; waste and scrap exports surged to $233K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 102%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Nickel; Waste and Scrap from Colombia in 2022:

1. United States (9.0 tons)
2. India (4.7 tons)
3. Netherlands (3.6 tons)
4. Thailand (2.1 tons)
5. Italy (0.9 tons)
6. Japan (0.9 tons)
7. Spain (0.4 tons)

Imports of Nickel; Waste and Scrap in Colombia

Nickel; waste and scrap imports into Colombia skyrocketed to 618 kg in 2022, jumping by 53% on the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, nickel; waste and scrap imports rose rapidly to $2.8K in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.6% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Nickel; Waste and Scrap to Colombia in 2022:

1. United States (618.0 kg)

Source: IndexBox Market Intelligence Platform