Chlorides; of Nickel Price in Colombia - 2022

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

In 2022, the average chlorides; of nickel import price amounted to $5,600 per ton, dropping by -2.7% against the previous year. In general, the import price saw a mild descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure at $6,297 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($6,306 per ton) and China ($6,061 per ton), while the price for India ($4,652 per ton) and Italy ($5,358 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average chlorides; of nickel export price stood at $7,365 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 60% against the previous year. As a result, the export price reached the peak level of $11,857 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -3.5% per year.

Chlorides; of Nickel Imports in Colombia

In 2022, imports of chlorides; of nickels into Colombia reduced remarkably to 19 tons, shrinking by -38.5% against the year before. Over the period under review, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 336% against the previous year. As a result, imports reached the peak of 31 tons, and then shrank sharply in the following year.

In value terms, chlorides; of nickel imports shrank notably to $107K in 2022. In general, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 410%. As a result, imports reached the peak of $178K, and then declined remarkably in the following year.

Import of Chlorides; of Nickel in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	14.1	5.0	61.3	35.9	36.6%
India	36.8	9.1	30.7	18.0	-21.2%
Germany	43.9	8.7	24.1	15.9	-28.7%
China	5.9	6.7	24.6	14.4	34.6%
Italy	5.8	2.0	20.5	12.0	27.4%
Chile	17.6	2.4	14.2	8.3	-22.2%
Taiwan (Chinese)	6.5	0.9	2.6	2.0	-32.5%
United States	10.3	N/A	N/A	N/A	0%
Others	0.2	N/A	0.1	0.1	-20.6%
Total	141	35.0	178	107	-8.8%

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

France (5.9 tons)
India (3.9 tons)
Germany (2.8 tons)
China (2.4 tons)
Italy (2.2 tons)
Chile (1.5 tons)
Taiwan (Chinese) (0.3 tons)

Chlorides; of Nickel Exports in Colombia

In 2022, shipments abroad of chlorides; of nickels decreased by -20.5% to 2.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 136% against the previous year.

In value terms, chlorides; of nickel exports fell notably to $16K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of $21K, and then reduced sharply in the following year.