Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR - 2022

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR (CIF) - 2022
  2. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR
  4. Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $21,852 per ton, increasing by 16% against the previous year. In general, the import price, however, recorded a noticeable setback. The growth pace was the most rapid in 2013 an increase of 83%. As a result, import price reached the peak level of $62,275 per ton. From 2014 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 France.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +11.7% per year.

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $7,697 per ton, with an increase of 30% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. Over the period under review, the average export prices hit record highs at $26,538 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($14,658 per ton), while the average price for exports to Indonesia ($1,296 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 Malaysia (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in purchases abroad of nickel; bars, rods and profiles, not alloyeds, when their volume decreased by -93.6% to 2 tons. Over the period under review, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 201%.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds dropped sharply to $44K in 2022. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 197% against the previous year. As a result, imports attained the peak of $666K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France30.833.067.244.312.9%
IsraelN/A352N/AN/A0%
United States160208459N/A69.4%
Others33.772.372.6N/A46.8%
Total22466659944.3-41.7%

Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Hong Kong SAR in 2022:

  1. France (2.0 tons)

Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR

In 2022, shipments abroad of nickel; bars, rods and profiles, not alloyeds was finally on the rise to reach 19 tons after two years of decline. In general, exports, however, faced a deep reduction.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds surged to $143K in 2022. Overall, exports, however, recorded a sharp shrinkage.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia98.062.038.060.2-15.0%
China16675.933.638.6-38.5%
United States62.039.224.038.1-15.0%
Indonesia9.15.13.04.6-20.3%
Others7.63.32.01.6-40.5%
Total343186101143-25.3%

Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Hong Kong SAR in 2022:

  1. Malaysia (7.3 tons)
  2. China (5.0 tons)
  3. Indonesia (3.6 tons)
  4. United States (2.6 tons)

Source: IndexBox Market Intelligence Platform

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