Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Vietnam - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Vietnam (CIF) - 2022
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Vietnam
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Vietnam (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $34,254 per ton, picking up by 30% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods and profiles, not alloyeds increased by +50.7% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($34,255 per ton) and Canada ($34,254 per ton), while the price for Israel ($34,252 per ton) and the United States ($34,252 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Vietnam
In 2022, imports of nickel; bars, rods and profiles, not alloyeds into Vietnam reduced to 78 tons, declining by -8.2% against 2021 figures. Overall, imports continue to indicate a abrupt slump.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $2.7M in 2022. Over the period under review, imports recorded a abrupt curtailment.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,500 | 1,011 | 944 | 1,018 | -12.1% |
| Japan | 309 | 331 | 337 | 511 | 18.3% |
| China | 5.9 | 188 | 394 | 490 | 336.3% |
| Taiwan (Chinese) | 193 | 92.9 | 133 | 224 | 5.1% |
| Israel | 58.1 | 183 | 133 | 166 | 41.9% |
| United States | 401 | 707 | N/A | 132 | -31.0% |
| Canada | 67.4 | 26.4 | 85.0 | 63.9 | -1.8% |
| South Korea | 648 | 42.2 | 7.8 | 2.5 | -84.3% |
| Others | 104 | 1.6 | 196 | 60.9 | -16.3% |
| Total | 3,286 | 2,584 | 2,231 | 2,668 | -6.7% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Vietnam in 2022:
- Finland (29.7 tons)
- Japan (14.9 tons)
- China (14.3 tons)
- Taiwan (Chinese) (6.5 tons)
- Israel (4.8 tons)
- United States (3.9 tons)
- Canada (1.9 tons)
- South Korea (0.1 tons)
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