Chlorides; of Nickel Price in Canada - 2023

Contents:

1. Chlorides; of Nickel Price in Canada (CIF) - 2022
2. Chlorides; of Nickel Price in Canada (FOB) - 2022
3. Chlorides; of Nickel Imports in Canada
4. Chlorides; of Nickel Exports in Canada

Chlorides; of Nickel Price in Canada (CIF) - 2022

The average chlorides; of nickel import price stood at $5,554 per ton in 2022, growing by 4.1% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $6,410 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($5,570 per ton) and France ($5,534 per ton), while the price for Germany ($5,271 per ton) and Taiwan (Chinese) ($5,309 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced a decline.

Chlorides; of Nickel Price in Canada (FOB) - 2022

In 2022, the average chlorides; of nickel export price amounted to $5,484 per ton, growing by 19% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 30% against the previous year. As a result, the export price attained the peak level of $6,948 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,136 per ton), while the average price for exports to China ($2,625 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%).

Chlorides; of Nickel Imports in Canada

In 2022, chlorides; of nickel imports into Canada soared to 161 tons, jumping by 25% on the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, chlorides; of nickel imports surged to $896K in 2022. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Chlorides; of Nickel to Canada in 2022:

1. United States (111.3 tons)
2. France (46.3 tons)
3. Taiwan (Chinese) (3.0 tons)

Chlorides; of Nickel Exports in Canada

Chlorides; of nickel exports from Canada expanded notably to 8.5 tons in 2022, picking up by 14% on the year before. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 418%.

In value terms, chlorides; of nickel exports soared to $47K in 2022. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 242%.

Top Export Markets for Chlorides; of Nickel from Canada in 2022:

1. United States (6.9 tons)
2. Mexico (1.3 tons)
3. China (0.3 tons)

Source: IndexBox Market Intelligence Platform