Chlorides; of Nickel Price in Hong Kong SAR - 2023
Contents:
- Chlorides; of Nickel Price in Hong Kong SAR (FOB) - 2022
- Chlorides; of Nickel Price in Hong Kong SAR (CIF) - 2022
- Chlorides; of Nickel Exports in Hong Kong SAR
- Chlorides; of Nickel Imports in Hong Kong SAR
Chlorides; of Nickel Price in Hong Kong SAR (FOB) - 2022
In 2022, the average chlorides; of nickel export price amounted to $7,958 per ton, picking up by 32% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of nickel export price increased by +66.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 39%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($26,524 per ton), while the average price for exports to Singapore ($4,587 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 the Philippines (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Chlorides; of Nickel Price in Hong Kong SAR (CIF) - 2022
The average chlorides; of nickel import price stood at $6,938 per ton in 2022, surging by 16% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of nickel import price increased by +79.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($7,276 per ton), while the price for China ($5,176 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 (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Nickel Exports in Hong Kong SAR
In 2022, overseas shipments of chlorides; of nickels decreased by -40.8% to 24 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 102%. As a result, the exports reached the peak of 102 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, chlorides; of nickel exports dropped dramatically to $195K in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 81%. As a result, the exports reached the peak of $491K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Chlorides; of Nickel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 90.1 | 54.3 | 77.7 | 96.0 | 2.1% |
| China | 37.8 | 336 | 143 | 59.0 | 16.0% |
| Australia | N/A | N/A | 6.6 | 29.0 | 339.4% |
| Philippines | 5.9 | 13.1 | 12.2 | 10.3 | 20.4% |
| Singapore | 9.0 | 14.4 | 0.5 | 0.7 | -57.3% |
| Thailand | 62.8 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 17.2 | N/A | N/A | 0% |
| Indonesia | 63.3 | 51.9 | 0.3 | N/A | -93.1% |
| Others | 2.9 | 3.6 | 9.5 | N/A | 81.0% |
| Total | 272 | 491 | 249 | 195 | -10.5% |
Top Export Markets for Chlorides; of Nickel from Hong Kong SAR in 2022:
- Malaysia (11.9 tons)
- China (9.0 tons)
- Australia (3.0 tons)
- Philippines (0.4 tons)
- Singapore (0.1 tons)
Chlorides; of Nickel Imports in Hong Kong SAR
Chlorides; of nickel imports into Hong Kong SAR declined remarkably to 16 tons in 2022, with a decrease of -60% on the year before. In general, imports faced a precipitous decrease. The smallest decline of -0.7% was in 2020.
In value terms, chlorides; of nickel imports contracted significantly to $109K in 2022. Over the period under review, imports recorded a dramatic slump. The smallest decline of -17.6% was in 2020.
| Import of Chlorides; of Nickel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 90.5 | 130 | 207 | 90.8 | 0.1% |
| United States | 7.7 | N/A | 14.0 | 9.5 | 7.3% |
| China | 31.6 | 4.8 | 13.6 | 8.3 | -36.0% |
| France | 267 | 197 | N/A | N/A | -26.2% |
| Others | 5.7 | N/A | N/A | N/A | 0% |
| Total | 402 | 332 | 235 | 109 | -35.3% |
Top Suppliers of Chlorides; of Nickel to Hong Kong SAR in 2022:
- Japan (12.5 tons)
- United States (1.6 tons)
- China (1.6 tons)
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The price of chlorides was $162 per ton (CIF, Hong Kong, China) in January 2023 - a 54% increase from the previous month.
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In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
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In value terms, chlorides, chloride oxides and hydroxides exports amounted to $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value increased at an averag...
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The price of chlorides was $162 per ton (CIF, Hong Kong, China) in January 2023 - a 54% increase from the previous month.
1242
In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
963
In value terms, chlorides, chloride oxides and hydroxides exports amounted to $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value increased at an averag...
