Price for Nickel; Bars, Rods, Profiles and Wire in Bahrain - 2022

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Bahrain (CIF) - 2022
  2. Price for Nickel; Bars, Rods, Profiles and Wire in Bahrain (FOB) - 2022
  3. Imports of Nickel; Bars, Rods, Profiles and Wire in Bahrain
  4. Exports of Nickel; Bars, Rods, Profiles and Wire in Bahrain

Price for Nickel; Bars, Rods, Profiles and Wire in Bahrain (CIF) - 2022

In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $38,685 per ton, with an increase of 51% against the previous year. Over the period under review, the import price enjoyed a notable increase. The pace of growth was the most pronounced in 2017 an increase of 90% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 France ($65,052 per ton), while the price for Saudi Arabia ($3,776 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods, Profiles and Wire in Bahrain (FOB) - 2022

In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $4,129 per ton, waning by -28.2% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 134% against the previous year. As a result, the export price reached the peak level of $54,264 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($15,827 per ton), while the average price for exports to Algeria ($3,212 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 (+95.8%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Bars, Rods, Profiles and Wire in Bahrain

In 2022, the amount of nickel; bars, rods, profiles and wires imported into Bahrain contracted to 16 tons, waning by -12.6% on 2021. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports reached the peak of 19 tons, and then contracted in the following year.

In value terms, imports of nickel; bars, rods, profiles and wires surged to $630K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +87.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Nickel; Bars, Rods, Profiles and Wire in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India11810814123626.0%
United States13595.9170126-2.3%
France33.51.90.693.640.8%
Germany97.476.411390.8-2.3%
China5.95.36.835.882.4%
Sweden11.810.312.714.16.1%
Saudi Arabia5.01.22.83.9-7.9%
Others49.838.029.829.8-15.7%
Total45633747763011.4%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Bahrain in 2022:

  1. India (7.8 tons)
  2. United States (2.4 tons)
  3. Germany (1.5 tons)
  4. France (1.4 tons)
  5. Saudi Arabia (1.0 tons)
  6. Sweden (0.8 tons)
  7. China (0.7 tons)

Exports of Nickel; Bars, Rods, Profiles and Wire in Bahrain

Exports of nickel; bars, rods, profiles and wires from Bahrain soared to 39 tons in 2022, jumping by 66% on the year before. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,753% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of nickel; bars, rods, profiles and wires soared to $163K in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 881% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Nickel; Bars, Rods, Profiles and Wire in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AlgeriaN/AN/AN/A1080%
United Arab Emirates5.16.823.224.067.6%
ChinaN/AN/AN/A19.70%
OmanN/AN/A4.19.4129.3%
United States65.4N/AN/AN/A0%
CanadaN/AN/A108N/A0%
Others44.97.11.11.3-69.3%
Total11513.913616312.3%

Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Bahrain in 2022:

  1. Algeria (33.7 tons)
  2. United Arab Emirates (3.7 tons)
  3. China (1.3 tons)
  4. Oman (0.6 tons)

Source: IndexBox Market Intelligence Platform

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