Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam (CIF) - 2022
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $40,410 per ton in 2022, jumping by 19% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $41,355 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($40,411 per ton) and Mexico ($40,410 per ton), while the price for China ($40,410 per ton) and South Korea ($40,410 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.1%), 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 Vietnam (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $42,821 per ton in 2022, growing by 28% against the previous year. Over the period under review, the export price saw a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($42,825 per ton), while the average price for exports to China ($42,783 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.0%), 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 Vietnam
Imports of nickel; bars, rods and profiles, of nickel alloyses into Vietnam surged to 913 tons in 2022, rising by 44% on the previous year's figure. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 102%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $37M in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 113%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 9.3 | 2.9 | 11.1 | 13.6 | 13.5% |
| United States | 11.3 | 5.2 | 6.1 | 9.1 | -7.0% |
| China | 1.0 | 1.3 | 1.9 | 5.6 | 77.6% |
| Mexico | N/A | 0.4 | 0.6 | 4.8 | 246.4% |
| Japan | 0.3 | 0.1 | 0.7 | 1.3 | 63.0% |
| Austria | 0.1 | 0.1 | 0.8 | 0.7 | 91.3% |
| Poland | N/A | N/A | N/A | 0.6 | 0% |
| Others | 0.9 | 0.1 | 0.4 | 1.1 | 6.9% |
| Total | 22.9 | 10.1 | 21.5 | 36.9 | 17.2% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Vietnam in 2022:
- South Korea (335.6 tons)
- United States (225.7 tons)
- China (139.8 tons)
- Mexico (119.9 tons)
- Japan (32.5 tons)
- Austria (16.6 tons)
- Poland (15.2 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam
After three years of growth, shipments abroad of nickel; bars, rods and profiles, of nickel alloyses decreased by -58.8% to 4.1 tons in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,513% against the previous year.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses dropped notably to $175K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,503%.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.0 | 32.3 | 320 | 141 | 186.4% |
| United States | N/A | 62.5 | N/A | 29.9 | -30.8% |
| China | N/A | N/A | N/A | 3.9 | 0% |
| Germany | N/A | N/A | 12.1 | N/A | 0% |
| Others | N/A | 2.1 | N/A | N/A | 0% |
| Total | 6.0 | 96.9 | 333 | 175 | 207.8% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Vietnam in 2022:
- South Korea (3.3 tons)
- United States (0.7 tons)
- China (0.1 tons)
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