Hong Kong SAR, China - Unwrought Nickel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNickel Price in Hong Kong SAR - 2023
Contents:
- Nickel Price in Hong Kong SAR (FOB) - 2023
- Nickel Price in Hong Kong SAR (CIF) - 2023
- Nickel Exports in Hong Kong SAR
- Nickel Imports in Hong Kong SAR
Nickel Price in Hong Kong SAR (FOB) - 2023
In August 2023, the average nickel export price amounted to $24,788 per ton, waning by -7% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices attained the peak figure at $34,047 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the countries with the highest prices were China ($25,848 per ton) and South Korea ($25,392 per ton), while the average price for exports to Vietnam ($22,185 per ton) and New Zealand ($22,999 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average nickel import price amounted to $23,858 per ton, rising by 33% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $34,655 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($25,577 per ton), while the price for Norway amounted to $23,557 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Nickel Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of unwrought nickel, which decreased by -48.2% to 413 tons in 2022. Overall, exports showed a sharp downturn. The smallest decline of -5.3% was in 2021.
In value terms, nickel exports shrank significantly to $12M in 2022. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year.
| Export of Nickel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.2 | 8.6 | 11.2 | 6.0 | -29.6% |
| Australia | 0.2 | 0.6 | 0.9 | 2.4 | 128.9% |
| Vietnam | 0.5 | 0.4 | 0.4 | 0.9 | 21.6% |
| Singapore | 1.3 | 1.7 | 0.4 | 0.7 | -18.6% |
| Malaysia | 0.4 | 0.6 | 0.3 | 0.7 | 20.5% |
| Indonesia | 1.8 | 1.3 | 1.8 | 0.6 | -30.7% |
| New Zealand | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| India | 1.3 | 0.6 | 0.6 | N/A | -32.1% |
| Others | 0.4 | 0.3 | 0.8 | N/A | 41.4% |
| Total | 23.3 | 14.2 | 16.8 | 11.6 | -20.7% |
Top Export Markets for Nickel from Hong Kong SAR in 2022:
- China (224.1 tons)
- Australia (80.7 tons)
- Vietnam (30.7 tons)
- Indonesia (27.4 tons)
- Malaysia (22.9 tons)
- Singapore (20.0 tons)
- New Zealand (6.8 tons)
Nickel Imports in Hong Kong SAR
In 2022, nickel imports into Hong Kong SAR contracted markedly to 318 tons, declining by -60.3% on 2021 figures. In general, imports faced a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 20%.
In value terms, nickel imports declined remarkably to $8.4M in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of $16M, and then plummeted in the following year.
| Import of Nickel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.8 | 2.4 | 2.6 | 3.8 | 0.0% |
| Finland | 1.8 | 1.7 | 3.5 | 2.1 | 5.3% |
| Norway | 5.8 | 3.7 | 4.5 | 1.9 | -31.1% |
| China | 1.0 | 2.7 | 4.7 | 0.5 | -20.6% |
| United Kingdom | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | 0.5 | N/A | 11.8% |
| Total | 13.8 | 10.5 | 15.9 | 8.4 | -15.3% |
Top Suppliers of Nickel to Hong Kong SAR in 2022:
- Japan (144.1 tons)
- Finland (89.4 tons)
- Norway (60.0 tons)
- China (22.7 tons)
This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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The growth rate for Nickel was the most rapid in January 2023, increasing by 761% month-to-month. In terms of value, Nickel exports sharply declined to $489K in September 2023.
1171
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
793
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
986
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
1793
The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
249
The growth rate for Nickel was the most rapid in January 2023, increasing by 761% month-to-month. In terms of value, Nickel exports sharply declined to $489K in September 2023.
873
Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
1171
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
793
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
986
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
