Chlorides; of Nickel Price in Chile - 2023

Chlorides; of Nickel Price in Chile (CIF) - 2022

The average chlorides; of nickel import price stood at $12,445 per ton in 2022, increasing by 35% against the previous year. Overall, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 69% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Germany ($150,784 per ton), while the price for Spain ($6,638 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Nickel Price in Chile (FOB) - 2022

The average chlorides; of nickel export price stood at $5,776 per ton in 2022, standing approx. at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 47% against the previous year. As a result, the export price reached the peak level of $6,202 per ton. From 2016 to 2022, the average export prices remained at a 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 Colombia ($5,874 per ton), while the average price for exports to Bolivia stood at $1,931 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-0.1%).

Chlorides; of Nickel Imports in Chile

In 2022, purchases abroad of chlorides; of nickels decreased by -64.1% to 195 kg, falling for the second year in a row after two years of growth. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 321% against the previous year. As a result, imports attained the peak of 694 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, chlorides; of nickel imports contracted rapidly to $2.4K in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 246%. As a result, imports attained the peak of $5.9K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Chlorides; of Nickel in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	0.9	3.8	3.4	1.1	6.9%
United States	0.5	0.8	0.4	0.6	6.3%
Germany	0.2	1.0	0.6	0.5	35.7%
Others	0.1	0.4	0.6	0.3	44.2%
Total	1.7	5.9	5.0	2.4	12.2%

Top Suppliers of Chlorides; of Nickel to Chile in 2022:

Spain (160.0 kg)
United States (31.0 kg)
Germany (3.0 kg)

Chlorides; of Nickel Exports in Chile

Chlorides; of nickel exports from Chile contracted markedly to 2.3 tons in 2022, waning by -26.7% on the previous year. Overall, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 114%. As a result, the exports attained the peak of 3.1 tons, and then dropped rapidly in the following year.

In value terms, chlorides; of nickel exports declined rapidly to $13K in 2022. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 114%. As a result, the exports attained the peak of $18K, and then declined significantly in the following year.