Sulphates; of Nickel Price in India - 2023
Contents:
- Sulphates; of Nickel Price in India (CIF) - 2023
- Sulphates; of Nickel Price in India (FOB) - 2022
- Sulphates; of Nickel Imports in India
- Sulphates; of Nickel Exports in India
Sulphates; of Nickel Price in India (CIF) - 2023
In July 2023, the average sulphates; of nickel import price amounted to $5,358 per ton, with a decrease of -14% against the previous month. Overall, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in January 2023 an increase of 15% m-o-m. The import price peaked at $7,444 per ton in March 2023; however, from April 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($6,440 per ton), while the price for South Africa ($4,694 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.2%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Nickel Price in India (FOB) - 2022
The average sulphates; of nickel export price stood at $7,757 per ton in 2022, surging by 45% against the previous year. In general, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($9,014 per ton), while the average price for exports to the United Arab Emirates ($4,314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Nickel Imports in India
In 2022, supplies from abroad of sulphates; of nickels decreased by -15.4% to 1.6K tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of 2.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sulphates; of nickel imports soared to $9.8M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Nickel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.0 | 5.1 | 4.7 | 5.6 | 23.1% |
| Taiwan (Chinese) | 2.5 | 1.8 | 1.3 | 2.2 | -4.2% |
| Japan | 1.6 | 1.1 | 1.2 | 1.5 | -2.1% |
| South Africa | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.5 | 0.4 | 0.7 | 0.4 | -7.2% |
| Total | 7.6 | 8.4 | 8.4 | 9.8 | 8.8% |
Top Suppliers of Sulphates; of Nickel to India in 2022:
- Belgium (851.7 tons)
- Taiwan (Chinese) (387.3 tons)
- Japan (254.0 tons)
Sulphates; of Nickel Exports in India
Sulphates; of nickel exports from India contracted significantly to 25 tons in 2022, waning by -79.2% on 2021 figures. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 268%. As a result, the exports attained the peak of 120 tons, and then dropped significantly in the following year.
In value terms, sulphates; of nickel exports contracted notably to $193K in 2022. In general, exports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2021 with an increase of 265%. As a result, the exports attained the peak of $637K, and then contracted notably in the following year.
| Export of Sulphates; of Nickel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 109 | 44.0 | 112 | 117 | 2.4% |
| South Africa | 15.8 | 19.3 | 42.4 | 44.4 | 41.1% |
| United Arab Emirates | 19.4 | 6.0 | 7.0 | 12.1 | -14.6% |
| Nepal | 4.3 | 1.0 | 3.9 | 4.0 | -2.4% |
| Taiwan (Chinese) | N/A | N/A | 420 | N/A | 0% |
| Iran | N/A | 91.1 | N/A | N/A | 0% |
| Others | 26.5 | 13.1 | 52.1 | 15.1 | -17.1% |
| Total | 175 | 175 | 637 | 193 | 3.3% |
Top Export Markets for Sulphates; of Nickel from India in 2022:
- Bangladesh (13.0 tons)
- South Africa (8.1 tons)
- United Arab Emirates (2.8 tons)
- Nepal (0.6 tons)
113
This report provides an in-depth analysis of the sulphates market in India.
290
This report provides an in-depth analysis of the alums market in India.
344
This report provides an in-depth analysis of the peroxosulphates market in India.
352
This report provides an in-depth analysis of the market for barium or aluminium sulphates in India.
301
This report provides an in-depth analysis of the market for belt type continuous-action elevator and conveyor in India.
106
This report provides an in-depth analysis of the global sulphates market.
451
This report provides an in-depth analysis of the global alums market.
461
This report provides an in-depth analysis of the global peroxosulphates market.
562
This report provides an in-depth analysis of the global market for barium or aluminium sulphates.
468
This report provides an in-depth analysis of the global market for belt type continuous-action elevator and conveyor.
1099
In value terms, sulphates, alums and peroxosulphates imports totaled $X in 2016. In general, sulphates, alums and peroxosulphates imports continue to indicate a relatively flat trend pattern. Globa...
776
In value terms, sulphates, alums and peroxosulphates exports amounted to $X in 2016. Overall, sulphates, alums and peroxosulphates exports continue to indicate a relatively flat trend pattern. Over...
1099
In value terms, sulphates, alums and peroxosulphates imports totaled $X in 2016. In general, sulphates, alums and peroxosulphates imports continue to indicate a relatively flat trend pattern. Globa...
776
In value terms, sulphates, alums and peroxosulphates exports amounted to $X in 2016. Overall, sulphates, alums and peroxosulphates exports continue to indicate a relatively flat trend pattern. Over...
