Sulphates; of Nickel Price in Thailand - 2023
Contents:
- Sulphates; of Nickel Price in Thailand (CIF) - 2023
- Sulphates; of Nickel Price in Thailand (FOB) - 2022
- Sulphates; of Nickel Imports in Thailand
- Sulphates; of Nickel Exports in Thailand
Sulphates; of Nickel Price in Thailand (CIF) - 2023
The average sulphates; of nickel import price stood at $5,269 per ton in September 2023, stabilizing at the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $6,860 per ton. From February 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($62,806 per ton), while the price for Malaysia ($3,320 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Nickel Price in Thailand (FOB) - 2022
In 2022, the average sulphates; of nickel export price amounted to $4,162 per ton, rising by 28% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($4,520 per ton), while the average price for exports to Malaysia ($2,915 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 (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Nickel Imports in Thailand
Sulphates; of nickel imports into Thailand reduced to 2.3K tons in 2022, shrinking by -11.8% on 2021 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of 2.6K tons, and then shrank in the following year.
In value terms, sulphates; of nickel imports surged to $15M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Sulphates; of Nickel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.9 | 3.2 | 5.3 | 8.0 | 40.2% |
| Japan | 0.8 | 1.1 | 2.5 | 2.5 | 46.2% |
| Finland | 2.1 | 0.9 | 1.6 | 1.6 | -8.7% |
| Belgium | 0.6 | 0.7 | 1.8 | 1.5 | 35.7% |
| China | N/A | 0.2 | 0.4 | 0.6 | 73.2% |
| Malaysia | 1.1 | 0.9 | 0.3 | 0.3 | -35.2% |
| Others | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Total | 7.8 | 7.3 | 12.0 | 14.5 | 23.0% |
Top Suppliers of Sulphates; of Nickel to Thailand in 2022:
- Taiwan (Chinese) (1222.5 tons)
- Japan (356.5 tons)
- Finland (260.0 tons)
- Belgium (233.3 tons)
- China (152.7 tons)
- Malaysia (77.4 tons)
Sulphates; of Nickel Exports in Thailand
Sulphates; of nickel exports from Thailand declined to 316 tons in 2022, with a decrease of -13.1% on the previous year's figure. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, the exports attained the peak of 363 tons, and then dropped in the following year.
In value terms, sulphates; of nickel exports expanded remarkably to $1.3M in 2022. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 109% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Sulphates; of Nickel in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 516 | 310 | 588 | 433 | -5.7% |
| Vietnam | N/A | N/A | 309 | 389 | 25.9% |
| China | N/A | N/A | N/A | 362 | 0% |
| Philippines | 191 | 158 | 227 | 108 | -17.3% |
| Malaysia | 116 | 54.8 | 56.8 | 22.1 | -42.5% |
| Others | N/A | 42.9 | N/A | N/A | 0% |
| Total | 822 | 566 | 1,181 | 1,314 | 16.9% |
Top Export Markets for Sulphates; of Nickel from Thailand in 2022:
- Indonesia (109.3 tons)
- Vietnam (88.9 tons)
- China (80.0 tons)
- Philippines (29.8 tons)
- Malaysia (7.6 tons)
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