Nickel; Unwrought, Alloys Price in Myanmar - 2022
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Nickel; Unwrought, Alloys Price in Myanmar (CIF) - 2022
In 2022, the average nickel; unwrought, alloys import price amounted to $5,789 per ton, falling by -29.8% against the previous year. Over the period under review, the import price showed a deep slump. The growth pace was the most rapid in 2017 when the average import price increased by 77%. As a result, import price attained the peak level of $63,733 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2014 to 2022, the rate of growth in terms of prices for Germany amounted to +76.0% per year.
Nickel; Unwrought, Alloys Imports in Myanmar
In 2022, the amount of nickel; unwrought, alloyses imported into Myanmar surged to 346 kg, with an increase of 43% against 2021. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 55%. As a result, imports attained the peak of 431 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nickel; unwrought, alloys imports reached $2K in 2022. Overall, imports, however, continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of $5.8K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Nickel; Unwrought, Alloys in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 2.1 | 2.0 | 2.0 | 22.1% |
| Germany | 1.4 | 1.6 | N/A | N/A | 14.3% |
| Malaysia | 2.0 | 2.0 | N/A | N/A | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 5.8 | 2.0 | 2.0 | -23.7% |
Top Suppliers of Nickel; Unwrought, Alloys to Myanmar in 2022:
- United States (346.0 kg)
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This report provides an in-depth analysis of the nickel market in Myanmar.
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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 Myanmar.
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This report provides an in-depth analysis of the nickel market in Myanmar.
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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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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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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...
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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...
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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%
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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
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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.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1187
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...
815
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...
999
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%
