Price for Nickel; Bars, Rods and Profiles, Not Alloyed in India - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in India (FOB) - 2023
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in India (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in India
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in India
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in India (FOB) - 2023
The average export price for nickel; bars, rods and profiles, not alloyeds stood at $30,488 per ton in October 2023, increasing by 3.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 11% month-to-month. Over the period under review, the average export prices attained the maximum at $36,184 per ton in March 2023; however, from April 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was Sweden ($33,619 per ton), while the average price for exports to Brazil ($29,920 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (0.0%), while the prices for the other major destinations experienced a decline.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in India (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $54,057 per ton in 2022, surging by 118% against the previous year. Overall, the import price recorded noticeable growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($94,497 per ton), while the price for the UK ($33,921 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in India
Exports of nickel; bars, rods and profiles, not alloyeds from India shrank to 275 tons in 2022, declining by -14.1% compared with 2021. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.4% 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 +30.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of 320 tons, and then contracted in the following year.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds surged to $8.8M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | 1,375 | 2,648 | 92.6% |
| Brazil | 384 | 551 | 1,302 | 2,384 | 83.8% |
| Turkey | 166 | 300 | 656 | 702 | 61.7% |
| Mexico | N/A | N/A | 290 | 560 | 93.1% |
| United States | 227 | 179 | 203 | 464 | 26.9% |
| Colombia | 222 | 196 | 152 | 452 | 26.7% |
| Germany | N/A | 181 | 1,424 | 421 | 52.5% |
| Philippines | 574 | 436 | 415 | 310 | -18.6% |
| Saudi Arabia | 159 | 195 | 227 | 183 | 4.8% |
| Italy | 226 | 9.5 | 160 | 43.7 | -42.2% |
| Netherlands | 2,046 | 1,628 | 1,007 | N/A | -29.8% |
| Others | 475 | 271 | 286 | 618 | 9.2% |
| Total | 4,477 | 3,947 | 7,496 | 8,786 | 25.2% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from India in 2022:
- Romania (84.5 tons)
- Brazil (69.7 tons)
- Turkey (19.0 tons)
- Mexico (16.3 tons)
- Colombia (15.8 tons)
- United States (15.3 tons)
- Germany (13.8 tons)
- Philippines (12.5 tons)
- Saudi Arabia (9.3 tons)
- Italy (1.5 tons)
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in India
In 2022, the amount of nickel; bars, rods and profiles, not alloyeds imported into India shrank markedly to 9 tons, with a decrease of -41.7% against the previous year's figure. Overall, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 56%.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds surged to $486K in 2022. Over the period under review, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 35%.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 181 | 0.5 | 25.0 | 226 | 7.7% |
| Singapore | 29.6 | 11.4 | N/A | 224 | 96.3% |
| China | 417 | 162 | 8.2 | 24.5 | -61.1% |
| Germany | 21.8 | 2.1 | 54.3 | 10.7 | -21.1% |
| United Kingdom | 246 | 45.8 | 10.0 | 1.3 | -82.6% |
| Taiwan (Chinese) | 128 | N/A | 0.5 | N/A | -93.8% |
| Italy | 91.8 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 280 | N/A | 0% |
| Brazil | 41.6 | N/A | N/A | N/A | 0% |
| Others | 122 | 60.6 | 3.6 | N/A | -82.8% |
| Total | 1,279 | 282 | 382 | 486 | -27.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to India in 2022:
- Singapore (5.7 tons)
- United States (2.4 tons)
- China (0.6 tons)
- Germany (0.3 tons)
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