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India - Unwrought Nickel - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: May 27, 2023

India's Nickel Price Rises Notably to $29.1 per kg

India Nickel Import Price in February 2023

In February 2023, the nickel price amounted to $29,090 per ton (CIF, India), growing by 7.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in April 2022 an increase of 21% month-to-month. Over the period under review, average import prices reached the peak figure at $30,808 per ton in May 2022; however, from June 2022 to February 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the countries with the highest prices were Canada ($30,145 per ton) and Japan ($29,770 per ton), while the price for the Netherlands ($22,532 per ton) and China ($28,190 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRY	Import Price of Nickel in India (USD per ton)
COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
Canada	21,280	24,323	24,396	25,988	20,123	30,882	26,107	24,963	22,081	23,525	26,261	28,399	30,145
Japan	7,155	24,141	25,658	27,064	29,029	31,508	23,854	23,048	23,666	23,845	26,753	29,659	29,770
Norway	22,116	23,728	31,664	34,307	31,499	28,935	24,418	22,487	22,311	23,164	27,621	29,897	29,614
United Arab Emirates	19,891	< 0.1	33,019	33,786	28,315	21,174	22,868	23,577	22,419	27,929	28,203	31,813	29,527
Switzerland	21,424	23,146	< 0.1	29,140	34,377	26,884	30,798	22,693	21,804	26,463	29,136	31,317	29,085
Singapore	22,312	24,138	27,337	< 0.1	< 0.1	23,641	24,144	< 0.1	23,632	26,082	< 0.1	33,221	28,800
United Kingdom	22,733	26,166	34,356	31,675	31,476	28,577	24,290	22,520	23,598	24,067	28,515	26,549	28,391
South Korea	22,145	20,706	< 0.1	< 0.1	28,552	< 0.1	22,767	< 0.1	24,122	23,576	23,859	28,920	28,232
China	23,147	23,566	< 0.1	38,025	26,922	24,718	23,073	23,904	15,944	25,337	9,649	20,840	28,190
Netherlands	23,183	22,393	21,187	28,722	28,494	22,998	23,764	22,330	22,851	22,634	25,250	30,403	22,532
South Africa	21,743	23,518	29,246	31,928	31,609	26,100	23,631	22,053	23,291	24,199	26,922	31,443	< 0.1
Russia	24,370	23,605	36,678	< 0.1	28,717	26,724	22,468	22,965	22,511	22,974	23,336	27,018	< 0.1
Average	22,028	23,537	28,403	30,808	28,693	25,291	23,537	22,732	19,977	23,868	24,624	27,118	29,090

India Nickel Imports

In February 2023, the amount of nickel (unwrought) imported into India declined rapidly to 1.9K tons, waning by -32.5% compared with January 2023 figures. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in June 2022 with an increase of 55% month-to-month.

In value terms, nickel imports dropped remarkably to $54M (IndexBox estimates) in February 2023. Over the period under review, imports saw a perceptible reduction. The most prominent rate of growth was recorded in December 2022 when imports increased by 45% m-o-m.

India Nickel Imports by Country

China (345 tons), Norway (334 tons) and Canada (270 tons) were the main suppliers of nickel imports to India, with a combined 51% share of total imports.

From February 2022 to February 2023, the biggest increases were in China (with a CAGR of +18.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel suppliers to India were Norway ($9.9M), China ($9.7M) and Canada ($8.1M), together accounting for 51% of total imports. Japan, South Korea, Switzerland, Singapore, the United Arab Emirates, the UK and the Netherlands lagged somewhat behind, together comprising a further 46%.

Japan, with a CAGR of +21.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nickel market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24451100 - Nickel, unwrought
Prodcom 24451110 -
Prodcom 24451120 -

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

India - Unwrought Nickel - Market Analysis, Forecast, Size, Trends And Insights

India's Nickel Price Rises Notably to $29.1 per kg

India Nickel Import Price in February 2023

India Nickel Imports

India Nickel Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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