Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Kuwait - 2022

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Kuwait (CIF) - 2022

In 2022, the average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $82,611 per ton, growing by 65% against the previous year. In general, the import price enjoyed buoyant growth. As a result, import price attained 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 China ($90,542 per ton), while the price for Germany amounted to $19,167 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Kuwait

In 2022, purchases abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -52.6% to 54 kg, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 196%. As a result, imports attained the peak of 231 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies reduced dramatically to $4.5K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 285%. As a result, imports attained the peak of $7.3K. From 2021 to 2022, the growth of imports of remained at a lower figure.