Price for Nickel Oxides and Hydroxides in Hong Kong SAR - 2023

Contents:

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

Price for Nickel Oxides and Hydroxides in Hong Kong SAR (FOB) - 2022

The average nickel oxides and hydroxides export price stood at $21,782 per ton in 2022, increasing by 19% against the previous year. Overall, the export price showed a pronounced increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +5.6% per year.

Price for Nickel Oxides and Hydroxides in Hong Kong SAR (CIF) - 2022

The average nickel oxides and hydroxides import price stood at $21,895 per ton in 2022, jumping by 32% against the previous year. In general, the import price recorded a moderate expansion. The growth pace was the most rapid in 2017 an increase of 57%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($73,825 per ton), while the price for Malaysia ($18,701 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+125.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel Oxides and Hydroxides in Hong Kong SAR

In 2022, overseas shipments of nickel oxides and hydroxideses decreased by -51.1% to 102 tons, falling for the second year in a row after two years of growth. In general, exports recorded a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 91%. As a result, the exports attained the peak of 220 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel oxides and hydroxides exports declined notably to $2.2M in 2022. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 91%.

Top Export Markets for Nickel Oxides and Hydroxides from Hong Kong SAR in 2022:

1. China (102.3 tons)

Imports of Nickel Oxides and Hydroxides in Hong Kong SAR

In 2022, supplies from abroad of nickel oxides and hydroxideses decreased by -70.5% to 64 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports attained the peak of 217 tons, and then shrank significantly in the following year.

In value terms, nickel oxides and hydroxides imports shrank remarkably to $1.4M in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $3.6M, and then fell sharply in the following year.

Top Suppliers of Nickel Oxides and Hydroxides to Hong Kong SAR in 2022:

1. Japan (52.3 tons)
2. Malaysia (11.7 tons)

Source: IndexBox Market Intelligence Platform