Price for Nickel Oxides and Hydroxides in Belgium - 2023

Contents:

1. Price for Nickel Oxides and Hydroxides in Belgium (CIF) - 2022
2. Price for Nickel Oxides and Hydroxides in Belgium (FOB) - 2023
3. Imports of Nickel Oxides and Hydroxides in Belgium
4. Exports of Nickel Oxides and Hydroxides in Belgium

Price for Nickel Oxides and Hydroxides in Belgium (CIF) - 2022

In 2022, the average nickel oxides and hydroxides import price amounted to $10,319 per ton, growing by 112% against the previous year. Over the period under review, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 145%. Over the period under review, average import prices hit record highs at $15,153 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($19,931 per ton), while the price for Luxembourg ($3,327 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.8%), while the prices for the other major suppliers experienced a decline.

Price for Nickel Oxides and Hydroxides in Belgium (FOB) - 2023

In July 2023, the average nickel oxides and hydroxides export price amounted to $8,251 per ton, dropping by -23.3% against the previous month. Over the period under review, the export price showed a noticeable decline. The growth pace was the most rapid in April 2023 an increase of 171% against the previous month. As a result, the export price reached the peak level of $21,275 per ton. From May 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Germany ($25,240 per ton), while the average price for exports to Japan ($3,444 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel Oxides and Hydroxides in Belgium

In 2022, supplies from abroad of nickel oxides and hydroxideses decreased by -67.3% to 712 tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,360% against the previous year. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nickel oxides and hydroxides imports shrank significantly to $7.3M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 556%. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Nickel Oxides and Hydroxides to Belgium in 2022:

1. Philippines (398.6 tons)
2. India (168.3 tons)
3. Spain (50.5 tons)
4. Netherlands (49.8 tons)
5. Luxembourg (23.1 tons)
6. Germany (11.0 tons)
7. United States (1.0 tons)

Exports of Nickel Oxides and Hydroxides in Belgium

Nickel oxides and hydroxides exports from Belgium surged to 1.6K tons in 2022, rising by 114% against the year before. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 152% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, nickel oxides and hydroxides exports soared to $11M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Nickel Oxides and Hydroxides from Belgium in 2022:

1. Japan (542.0 tons)
2. China (500.6 tons)
3. Poland (212.4 tons)
4. Italy (126.6 tons)
5. India (75.3 tons)
6. Brazil (47.8 tons)
7. Germany (35.7 tons)
8. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform