Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates (CIF) - 2022
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $38,249 per ton in 2022, picking up by 24% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
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 Austria ($61,380 per ton), while the price for the Czech Republic ($19,149 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), 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 the United Arab Emirates (FOB) - 2022
In 2022, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $12,578 per ton, with a decrease of -55.4% against the previous year. In general, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 116% against the previous year. Over the period under review, the average export prices hit record highs at $46,181 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($44,652 per ton), while the average price for exports to Saudi Arabia ($5,748 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+24.5%), 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 the United Arab Emirates
In 2022, overseas purchases of nickel; bars, rods and profiles, of nickel alloyses decreased by -13.8% to 415 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 151% against the previous year. As a result, imports reached the peak of 574 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 expanded significantly to $16M in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 191% against the previous year. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 1.2 | 2.8 | 5.3 | 110.2% |
| Austria | 0.1 | N/A | N/A | 3.7 | 233.2% |
| Australia | N/A | N/A | 0.3 | 1.8 | 500.0% |
| Germany | 0.6 | 0.5 | 0.8 | 1.2 | 26.0% |
| United States | 1.4 | 1.4 | 0.8 | 1.1 | -7.7% |
| United Kingdom | 2.5 | 6.4 | 6.3 | 1.1 | -23.9% |
| Czech Republic | N/A | 0.2 | 0.2 | 0.7 | 87.1% |
| China | 0.4 | 6.6 | 2.4 | 0.1 | -37.0% |
| Singapore | 0.1 | 1.1 | 0.6 | N/A | 144.9% |
| Others | 1.1 | 0.4 | 0.5 | 0.9 | -6.5% |
| Total | 6.1 | 17.8 | 14.8 | 15.9 | 37.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to the United Arab Emirates in 2022:
- Italy (162.5 tons)
- Australia (62.0 tons)
- Austria (60.8 tons)
- Czech Republic (34.0 tons)
- United Kingdom (24.4 tons)
- Germany (23.9 tons)
- United States (22.9 tons)
- China (3.4 tons)
- Singapore (0.1 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates
In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; bars, rods and profiles, of nickel alloyses, when their volume increased by 853% to 137 tons. In general, exports saw a remarkable increase. 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 $1.7M in 2022. Overall, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 15.1 | 5.4 | 558 | 507.9% |
| Qatar | N/A | N/A | N/A | 200 | 0% |
| Italy | N/A | N/A | N/A | 142 | 0% |
| India | 1,067 | 83.2 | 195 | 112 | -52.8% |
| Oman | 254 | 1,368 | 167 | 78.9 | -32.3% |
| Singapore | N/A | N/A | N/A | 72.1 | 0% |
| United States | N/A | N/A | N/A | 61.3 | 0% |
| Pakistan | N/A | N/A | N/A | 41.4 | 0% |
| Others | 94.1 | 160 | 39.0 | 463 | 70.1% |
| Total | 1,415 | 1,626 | 406 | 1,727 | 6.9% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from the United Arab Emirates in 2022:
- Saudi Arabia (97.0 tons)
- Qatar (9.9 tons)
- Italy (9.4 tons)
- Pakistan (4.4 tons)
- United States (4.3 tons)
- India (3.9 tons)
- Singapore (2.2 tons)
- Oman (1.8 tons)
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