Price for Nickel; Wire, of Nickel Alloys in South Africa - 2023

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in South Africa (CIF) - 2022
2. Price for Nickel; Wire, of Nickel Alloys in South Africa (FOB) - 2022
3. Imports of Nickel; Wire, of Nickel Alloys in South Africa
4. Exports of Nickel; Wire, of Nickel Alloys in South Africa

Price for Nickel; Wire, of Nickel Alloys in South Africa (CIF) - 2022

In 2022, the average import price for nickel; wire, of nickel alloyses amounted to $30,703 per ton, picking up by 40% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price reached 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 the United States ($64,605 per ton), while the price for China ($14,369 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Wire, of Nickel Alloys in South Africa (FOB) - 2022

In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $38,526 per ton, falling by -7.1% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 1,546%. As a result, the export price attained the peak level of $41,466 per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($108,369 per ton), while the average price for exports to Mozambique ($4,334 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 India (+1,038.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Wire, of Nickel Alloys in South Africa

In 2022, nickel; wire, of nickel alloys imports into South Africa plummeted to 30 tons, falling by -20.2% against 2021 figures. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 15%.

In value terms, nickel; wire, of nickel alloys imports expanded rapidly to $908K in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 27%.

Top Suppliers of Nickel; Wire, of Nickel Alloys to South Africa in 2022:

1. China (10.1 tons)
2. Germany (4.3 tons)
3. Switzerland (4.1 tons)
4. United States (4.0 tons)
5. France (3.3 tons)
6. Sweden (1.9 tons)
7. India (1.0 tons)

Exports of Nickel; Wire, of Nickel Alloys in South Africa

In 2022, overseas shipments of nickel; wire, of nickel alloyses decreased by -68.3% to 536 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 109%. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel; wire, of nickel alloys exports declined markedly to $21K in 2022. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 118%.

Top Export Markets for Nickel; Wire, of Nickel Alloys from South Africa in 2022:

1. Mozambique (190.0 kg)
2. Zambia (150.0 kg)
3. Namibia (109.0 kg)
4. Democratic Republic of the Congo (50.0 kg)
5. India (29.0 kg)

Source: IndexBox Market Intelligence Platform