Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $37,954 per ton in December 2022, shrinking by -24.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 30% month-to-month. As a result, import price attained the peak level of $52,320 per ton. From September 2022 to December 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($48,109 per ton), while the price for Austria ($34,450 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea (FOB) - 2022
The average export price for nickel; bars, rods and profiles, not alloyeds stood at $35,845 per ton in 2022, shrinking by -24.7% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 165%. The export price peaked at $73,601 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($49,300 per ton), while the average price for exports to Vietnam amounted to $34,027 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea
In 2022, after two years of decline, there was significant growth in overseas purchases of nickel; bars, rods and profiles, not alloyeds, when their volume increased by 138% to 85 tons. Over the period under review, imports, however, saw a abrupt setback.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $3.6M in 2022. In general, imports, however, continue to indicate a deep contraction.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,221 | 340 | 869 | 1,556 | 8.4% |
| Japan | 4,098 | 1,234 | 163 | 1,517 | -28.2% |
| Germany | 220 | 45.2 | 11.4 | 276 | 7.9% |
| Austria | N/A | N/A | 166 | 226 | 36.1% |
| India | 150 | 97.2 | N/A | N/A | -35.2% |
| Others | 71.9 | 104 | 106 | 15.7 | -39.8% |
| Total | 5,761 | 1,819 | 1,316 | 3,590 | -14.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to South Korea in 2022:
- China (35.9 tons)
- Japan (34.5 tons)
- Austria (7.4 tons)
- Germany (6.7 tons)
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea
In 2022, the amount of nickel; bars, rods and profiles, not alloyeds exported from South Korea reduced sharply to 84 kg, falling by -92.3% on the previous year's figure. Over the period under review, exports continue to indicate a sharp descent. The smallest decline of -84.1% was in 2021.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds shrank significantly to $3K in 2022. In general, exports faced a sharp shrinkage. The smallest decline of -57.9% was in 2021.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 648 | 42.2 | 7.8 | 2.5 | -84.3% |
| China | 8.3 | 8.3 | 39.1 | 0.5 | -60.8% |
| Malaysia | N/A | 63.8 | N/A | N/A | 0% |
| Kuwait | 428 | N/A | N/A | N/A | 0% |
| Singapore | 218 | N/A | N/A | N/A | 0% |
| Others | 11.6 | 8.4 | 4.8 | N/A | -35.7% |
| Total | 1,314 | 123 | 51.7 | 3.0 | -86.8% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from South Korea in 2022:
- Vietnam (74.0 kg)
- China (10.0 kg)
377
This report provides an in-depth analysis of the market for nickel and nickel alloy bars, rods, profiles and wires in Republic of Korea.
608
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
1562
In value terms, nickel powders and flakes imports amounted to $X in 2016. In general, nickel powders and flakes imports continue to indicate a drastic shrinkage. Global nickel powders and flakes im...
1674
In value terms, nickel bars, rods, profiles and wire imports totaled $X in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...
876
In value terms, nickel powders and flakes exports amounted to $X in 2016. Overall, nickel powders and flakes exports continue to indicate a drastic curtailment. Over the period under review, global...
635
In value terms, nickel bars, rods, profiles and wire exports amounted to $X in 2016. In general, nickel bars, rods, profiles and wire exports continue to indicate a deep decrease. Over the period u...
