Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in India - 2023
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in India (FOB) - 2022
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in India (CIF) - 2023
- Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in India
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in India
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in India (FOB) - 2022
In 2022, the average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $13,897 per ton, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2021 when the average export price increased by 26%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($21,052 per ton), while the average price for exports to Finland ($11,054 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 United Arab Emirates (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in India (CIF) - 2023
The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $80,495 per ton in November 2023, picking up by 256% against the previous month. Over the period under review, the import price recorded a resilient expansion. The growth pace was the most rapid in September 2023 when the average import price increased by 1,218% against the previous month. As a result, import price attained the peak level of $690K per ton. From October 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was South Korea ($114K per ton), while the price for the United Arab Emirates ($8,583 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+14.1%), while the prices for the other major suppliers experienced a decline.
Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in India
In 2022, approx. 1.3K tons of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) were exported from India; which is down by -4.1% on the previous year. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then shrank modestly in the following year.
In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) rose sharply to $17M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.0 | 0.9 | 0.9 | 4.9 | 69.8% |
| Italy | 1.5 | 1.6 | 1.1 | 2.9 | 24.6% |
| Kuwait | 1.1 | 1.2 | 1.3 | 2.0 | 22.1% |
| United Kingdom | 1.0 | 1.0 | 1.5 | 1.9 | 23.9% |
| United States | 0.6 | 0.9 | 2.6 | 1.4 | 32.6% |
| Canada | 0.2 | 0.1 | 0.7 | 1.0 | 71.0% |
| Netherlands | 0.1 | 0.2 | 0.6 | 0.9 | 108.0% |
| Saudi Arabia | 0.7 | 0.4 | 0.9 | 0.7 | 0.0% |
| Germany | 0.8 | 0.4 | 0.2 | 0.5 | -14.5% |
| Oman | 1.0 | 0.3 | 2.3 | 0.1 | -53.6% |
| Finland | 1.4 | 1.1 | 0.3 | 0.1 | -58.5% |
| Spain | 0.2 | 0.2 | 1.9 | 0.1 | -20.6% |
| Others | 1.6 | 0.9 | 1.9 | 0.9 | -17.5% |
| Total | 11.2 | 9.3 | 16.1 | 17.4 | 15.8% |
Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from India in 2022:
- United Arab Emirates (372.5 tons)
- Italy (212.8 tons)
- United Kingdom (129.0 tons)
- Kuwait (118.1 tons)
- United States (114.5 tons)
- Netherlands (66.6 tons)
- Canada (58.7 tons)
- Saudi Arabia (48.5 tons)
- Germany (39.3 tons)
- Finland (13.0 tons)
- Spain (7.1 tons)
- Oman (2.5 tons)
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in India
In 2022, the amount of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) imported into India skyrocketed to 215 tons, with an increase of 42% against 2021. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 225%. As a result, imports reached the peak of 287 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) skyrocketed to $4.1M in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 885%. As a result, imports attained the peak of $8.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 62.9 | 58.4 | 481 | 1,120 | 161.1% |
| South Korea | 110 | 1,066 | 240 | 922 | 103.1% |
| Germany | 134 | 97.0 | 36.1 | 846 | 84.8% |
| France | 85.3 | 1,192 | 245 | 452 | 74.3% |
| Japan | N/A | 345 | 689 | 341 | -0.6% |
| Bangladesh | N/A | N/A | 106 | 256 | 141.5% |
| Singapore | 183 | N/A | N/A | 137 | -9.2% |
| Italy | 93.4 | N/A | 292 | 1.4 | -75.3% |
| United States | 1.5 | 5,224 | 1,187 | 0.1 | -59.5% |
| Others | 155 | 141 | 1.8 | 33.6 | -39.9% |
| Total | 825 | 8,123 | 3,280 | 4,109 | 70.8% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to India in 2022:
- Germany (51.1 tons)
- China (49.7 tons)
- South Korea (38.5 tons)
- France (29.1 tons)
- Japan (20.5 tons)
- Singapore (13.4 tons)
- Bangladesh (11.9 tons)
- Italy (0.1 tons)
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