Nickel; Unwrought, Alloys Price in Colombia - 2022
Contents:
- Nickel; Unwrought, Alloys Price in Colombia (CIF) - 2022
- Nickel; Unwrought, Alloys Price in Colombia (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in Colombia
- Nickel; Unwrought, Alloys Exports in Colombia
Nickel; Unwrought, Alloys Price in Colombia (CIF) - 2022
In 2022, the average nickel; unwrought, alloys import price amounted to $28,151 per ton, with an increase of 48% against the previous year. Overall, the import price, however, saw a mild decline. The pace of growth appeared the most rapid in 2017 an increase of 77% against the previous year. Over the period under review, average import prices attained the peak figure at $34,167 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 China ($70,300 per ton), while the price for Canada ($22,293 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Nickel; Unwrought, Alloys Price in Colombia (FOB) - 2022
The average nickel; unwrought, alloys export price stood at $32,878 per ton in 2022, rising by 48% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 the United States amounted to +5.5% per year.
Nickel; Unwrought, Alloys Imports in Colombia
In 2022, the amount of nickel; unwrought, alloyses imported into Colombia fell remarkably to 12 tons, declining by -66.1% compared with the previous year. Overall, imports faced a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of 35 tons, and then fell dramatically in the following year.
In value terms, nickel; unwrought, alloys imports contracted significantly to $330K in 2022. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports reached the peak of $660K, and then fell sharply in the following year.
| Import of Nickel; Unwrought, Alloys in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 91.1 | 121 | 197 | 127 | 11.7% |
| Canada | 46.2 | 37.8 | 56.8 | 111 | 33.9% |
| China | 0.1 | N/A | 30.9 | 37.0 | 617.9% |
| United Kingdom | N/A | 28.1 | 13.3 | 30.2 | 3.7% |
| South Africa | 435 | 165 | 334 | N/A | -12.4% |
| Others | 31.4 | 14.8 | 27.9 | 25.2 | -7.1% |
| Total | 604 | 367 | 660 | 330 | -18.2% |
Top Suppliers of Nickel; Unwrought, Alloys to Colombia in 2022:
- Canada (5.0 tons)
- Spain (5.0 tons)
- United Kingdom (1.0 tons)
- China (0.5 tons)
Nickel; Unwrought, Alloys Exports in Colombia
For the third consecutive year, Colombia recorded decline in overseas shipments of nickel; unwrought, alloyses, which decreased by -68.5% to 1.9 tons in 2022. Overall, exports showed a dramatic decline. The smallest decline of -43.8% was in 2021.
In value terms, nickel; unwrought, alloys exports fell notably to $61K in 2022. Over the period under review, exports saw a sharp reduction. The smallest decline of -31.8% was in 2020.
| Export of Nickel; Unwrought, Alloys in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | N/A | 2.1 | 0.3 | 60.8 | 438.1% |
| United States | 281 | 189 | 77.0 | N/A | -47.7% |
| Others | N/A | N/A | 53.5 | N/A | 0% |
| Total | 281 | 192 | 131 | 60.8 | -40.0% |
Top Export Markets for Nickel; Unwrought, Alloys from Colombia in 2022:
- Ecuador (1.9 tons)
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This report provides an in-depth analysis of the nickel market in Colombia.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Colombia.
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This report provides an in-depth analysis of the nickel market in Colombia.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1001
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1192
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
820
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1001
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
