Price for Nickel; Bars, Rods, Profiles and Wire in Japan - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Japan (FOB) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Japan (CIF) - 2023
- Exports of Nickel; Bars, Rods, Profiles and Wire in Japan
- Imports of Nickel; Bars, Rods, Profiles and Wire in Japan
Price for Nickel; Bars, Rods, Profiles and Wire in Japan (FOB) - 2023
The average export price for nickel; bars, rods, profiles and wires stood at $38,516 per ton in July 2023, stabilizing at the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 3.6% against the previous month. As a result, the export price reached the peak level of $42,889 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Thailand ($68,936 per ton), while the average price for exports to the UK ($30,327 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 India (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Japan (CIF) - 2023
The average import price for nickel; bars, rods, profiles and wires stood at $44,400 per ton in July 2023, rising by 9.9% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $47,402 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
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 ($74,232 per ton), while the price for Sweden ($21,660 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 (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods, Profiles and Wire in Japan
Exports of nickel; bars, rods, profiles and wires from Japan surged to 2.1K tons in 2022, with an increase of 44% against 2021 figures. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods, profiles and wires skyrocketed to $79M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Nickel; Bars, Rods, Profiles and Wire in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.0 | 8.3 | 8.1 | 18.3 | 18.5% |
United States | 7.8 | 12.8 | 9.1 | 12.4 | 16.7% |
South Korea | 12.3 | 5.8 | 13.3 | 10.2 | -6.0% |
Thailand | 4.9 | 6.6 | 5.5 | 6.6 | 10.4% |
United Kingdom | 0.4 | 1.7 | 0.9 | 5.8 | 143.8% |
India | 8.4 | 7.2 | 5.5 | 5.6 | -12.6% |
Taiwan (Chinese) | 2.6 | 2.4 | 3.9 | 3.2 | 7.2% |
Indonesia | 4.5 | 3.7 | 3.0 | 2.3 | -20.0% |
Others | 11.8 | 10.0 | 13.5 | 14.5 | 7.1% |
Total | 63.7 | 58.5 | 62.8 | 78.9 | 7.4% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Japan in 2022:
- China (663.7 tons)
- South Korea (304.5 tons)
- United States (298.5 tons)
- United Kingdom (233.6 tons)
- India (202.7 tons)
- Thailand (113.8 tons)
- Taiwan (Chinese) (65.2 tons)
- Indonesia (50.4 tons)
Imports of Nickel; Bars, Rods, Profiles and Wire in Japan
In 2022, after two years of decline, there was growth in overseas purchases of nickel; bars, rods, profiles and wires, when their volume increased by 4.7% to 1.7K tons. Over the period under review, imports, however, faced a abrupt decrease.
In value terms, imports of nickel; bars, rods, profiles and wires surged to $76M in 2022. In general, imports, however, recorded a pronounced reduction.
Import of Nickel; Bars, Rods, Profiles and Wire in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 51.7 | 48.6 | 19.7 | 32.0 | -14.8% |
Germany | 16.8 | 15.0 | 18.5 | 24.8 | 13.9% |
Philippines | 2.7 | 2.5 | 3.2 | 3.4 | 8.0% |
China | 0.7 | 0.6 | 2.8 | 3.3 | 67.7% |
South Korea | 2.4 | 2.6 | 2.9 | 3.0 | 7.7% |
Sweden | 1.5 | 1.5 | 1.6 | 2.1 | 11.9% |
France | 2.4 | 2.8 | 2.0 | 2.1 | -4.4% |
Taiwan (Chinese) | 2.0 | 1.2 | 1.0 | 0.7 | -29.5% |
Austria | 0.5 | 0.9 | 1.8 | 0.6 | 6.3% |
Others | 4.6 | 5.3 | 3.6 | 4.4 | -1.5% |
Total | 85.5 | 80.9 | 57.0 | 76.3 | -3.7% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Japan in 2022:
- Germany (701.5 tons)
- United States (526.9 tons)
- China (98.0 tons)
- South Korea (81.1 tons)
- Sweden (78.7 tons)
- Philippines (74.6 tons)
- France (54.1 tons)
- Austria (18.0 tons)
- Taiwan (Chinese) (15.2 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Japan.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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