Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in India - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in India (CIF) - 2023
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in India (FOB) - 2023
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in India
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in India
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in India (CIF) - 2023
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $36,443 per ton in July 2023, approximately reflecting the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in January 2023 an increase of 64% month-to-month. The import price peaked at $38,956 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($58,855 per ton), while the price for Sweden ($18,245 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in India (FOB) - 2023
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $31,427 per ton in July 2023, standing approximately at the previous month. In general, the export price continues to indicate a slight descent. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 47% month-to-month. As a result, the export price reached the peak level of $50,020 per ton. From March 2023 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($119K per ton), while the average price for exports to Belgium ($19,171 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in India
In 2022, imports of nickel; bars, rods and profiles, of nickel alloyses into India reached 3.7K tons, growing by 3.4% compared with 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 6% against the previous year. As a result, imports attained the peak of 3.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $108M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 15.0 | 25.9 | 40.0 | 64.4% |
| United Kingdom | 18.0 | 10.6 | 11.4 | 15.7 | -4.5% |
| Sweden | 8.1 | 13.1 | 10.0 | 8.4 | 1.2% |
| United States | 10.3 | 6.2 | 8.6 | 7.5 | -10.0% |
| Germany | 8.0 | 4.0 | 6.1 | 7.1 | -3.9% |
| Japan | 5.4 | 6.9 | 4.4 | 6.2 | 4.7% |
| Taiwan (Chinese) | 1.9 | 2.8 | 4.0 | 4.6 | 34.3% |
| Brazil | 4.6 | 4.6 | 3.4 | 4.1 | -3.8% |
| Singapore | 2.0 | 0.9 | 1.4 | 3.6 | 21.6% |
| Others | 9.0 | 5.4 | 7.7 | 10.6 | 5.6% |
| Total | 76.3 | 69.5 | 82.7 | 108 | 12.3% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to India in 2022:
- China (1291.2 tons)
- Sweden (521.1 tons)
- United Kingdom (405.0 tons)
- Singapore (242.2 tons)
- Germany (236.5 tons)
- Japan (217.6 tons)
- Taiwan (Chinese) (195.4 tons)
- United States (114.8 tons)
- Brazil (101.2 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in India
Exports of nickel; bars, rods and profiles, of nickel alloyses from India soared to 300 tons in 2022, with an increase of 44% against 2021 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses soared to $8.7M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 215 | 580 | 787 | 2,331 | 121.3% |
| Saudi Arabia | 688 | 383 | 1,192 | 1,483 | 29.2% |
| United States | 270 | 168 | 542 | 1,052 | 57.4% |
| United Arab Emirates | 344 | 88.8 | 156 | 562 | 17.8% |
| Mexico | 12.3 | 49.6 | 196 | 544 | 253.6% |
| Brazil | 59.5 | 85.6 | 181 | 539 | 108.5% |
| Romania | N/A | 2.1 | 87.1 | 310 | 1115.0% |
| Philippines | 24.6 | 171 | 26.2 | 270 | 122.2% |
| Kenya | 89.5 | 90.3 | 82.1 | 200 | 30.7% |
| Taiwan (Chinese) | N/A | N/A | 23.5 | 196 | 734.0% |
| Germany | 2.5 | 37.1 | 4.5 | 173 | 310.6% |
| Indonesia | N/A | 0.6 | 68.0 | 147 | 1465.2% |
| Colombia | 263 | 30.3 | 382 | 145 | -18.0% |
| Others | 670 | 1,083 | 1,182 | 718 | 2.3% |
| Total | 2,638 | 2,769 | 4,911 | 8,670 | 48.7% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from India in 2022:
- Turkey (110.7 tons)
- United States (41.0 tons)
- Mexico (20.6 tons)
- Brazil (18.9 tons)
- Saudi Arabia (17.4 tons)
- United Arab Emirates (12.8 tons)
- Romania (11.6 tons)
- Kenya (9.7 tons)
- Philippines (7.6 tons)
- Germany (7.5 tons)
- Indonesia (6.5 tons)
- Taiwan (Chinese) (5.8 tons)
- Colombia (5.3 tons)
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