Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the Philippines - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the Philippines (CIF) - 2022
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in the Philippines
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the Philippines (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $108,808 per ton in 2022, picking up by 105% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 107% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($121,294 per ton), while the price for China amounted to $53,411 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+37.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in the Philippines
In 2022, the amount of nickel; bars, rods and profiles, not alloyeds imported into the Philippines declined sharply to 1.1 tons, which is down by -63.6% compared with the year before. In general, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 333% against the previous year.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds contracted notably to $117K in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 291% against the previous year.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 76.2 | 29.8 | 106 | 106 | 11.6% |
| China | 3.0 | 6.9 | N/A | 10.5 | 51.8% |
| India | 128 | N/A | 45.8 | N/A | -40.2% |
| Others | 11.7 | 3.2 | 3.8 | N/A | -43.0% |
| Total | 219 | 39.9 | 156 | 117 | -18.9% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to the Philippines in 2022:
- Japan (874.0 kg)
- China (197.0 kg)
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