Sulphates; of Nickel Price in Ireland - 2023

Sulphates; of Nickel Price in Ireland (CIF) - 2022

The average sulphates; of nickel import price stood at $6,749 per ton in 2022, surging by 40% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of nickel import price increased by +108.9% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($6,899 per ton), while the price for Belgium ($3,632 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Nickel Price in Ireland (FOB) - 2022

In 2022, the average sulphates; of nickel export price amounted to $7,534 per ton, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 34%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +19.5% per year.

Sulphates; of Nickel Imports in Ireland

In 2022, approx. 82 tons of sulphates; of nickels were imported into Ireland; declining by -50.3% compared with 2021. Over the period under review, imports saw a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of 166 tons, and then dropped dramatically in the following year.

In value terms, sulphates; of nickel imports reduced dramatically to $557K in 2022. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, imports attained the peak of $799K, and then declined dramatically in the following year.

Import of Sulphates; of Nickel in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	N/A	383	778	541	18.9%
United Kingdom	4.3	0.4	4.2	9.7	31.1%
United States	4.4	8.5	16.6	0.9	-41.1%
Belgium	628	N/A	0.1	N/A	-98.7%
Others	N/A	N/A	0.8	5.3	562.5%
Total	637	392	799	557	-4.4%

Top Suppliers of Sulphates; of Nickel to Ireland in 2022:

Belgium (undefined tons)
Italy (78.4 tons)
United Kingdom (2.5 tons)
United States (0.3 tons)

Sulphates; of Nickel Exports in Ireland

In 2022, sulphates; of nickel exports from Ireland surged to 37 tons, with an increase of 31% against 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 235% against the previous year. 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, sulphates; of nickel exports skyrocketed to $275K in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 349%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.