Price for Nickel; Bars, Rods, Profiles and Wire in Kuwait - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Kuwait (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Kuwait (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Kuwait
- Exports of Nickel; Bars, Rods, Profiles and Wire in Kuwait
Price for Nickel; Bars, Rods, Profiles and Wire in Kuwait (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $40,868 per ton in 2022, picking up by 26% against the previous year. Overall, the import price, however, saw a mild decrease. The pace of growth was the most pronounced in 2019 an increase of 48% against the previous year. The import price peaked at $49,335 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($63,458 per ton), while the price for India ($17,756 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Kuwait (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $14,511 per ton in 2022, falling by -32.8% against the previous year. Over the period under review, the export price, however, showed a moderate expansion. The growth pace was the most rapid in 2021 an increase of 336%. As a result, the export price attained the peak level of $21,595 per ton, and then reduced sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.2% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Kuwait
In 2022, overseas purchases of nickel; bars, rods, profiles and wires were finally on the rise to reach 25 tons after two years of decline. In general, imports, however, saw a sharp setback.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $1M in 2022. Over the period under review, imports, however, faced a sharp downturn.
| Import of Nickel; Bars, Rods, Profiles and Wire in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 836 | 70.8 | 52.1 | 285 | -30.1% |
| United States | 556 | 161 | 58.2 | 175 | -32.0% |
| Austria | 370 | 73.1 | 38.8 | 171 | -22.7% |
| China | 135 | 46.3 | 31.7 | 132 | -0.7% |
| India | 32.3 | 18.3 | 3.2 | 86.8 | 39.0% |
| France | 35.2 | 0.4 | 2.0 | 47.0 | 10.1% |
| Italy | 55.9 | 2.6 | 8.1 | 30.8 | -18.0% |
| Switzerland | 16.7 | 9.8 | 1.5 | 21.2 | 8.3% |
| United Arab Emirates | 40.8 | 14.1 | 6.1 | 18.1 | -23.7% |
| South Korea | 39.4 | 5.2 | 1.4 | 4.4 | -51.8% |
| Others | 237 | 25.0 | 10.3 | 33.6 | -47.9% |
| Total | 2,354 | 427 | 213 | 1,004 | -24.7% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Kuwait in 2022:
- Germany (8.3 tons)
- India (4.9 tons)
- United States (3.9 tons)
- China (3.2 tons)
- France (1.4 tons)
- Italy (0.6 tons)
- Switzerland (0.6 tons)
- United Arab Emirates (0.5 tons)
- Austria (0.5 tons)
- South Korea (0.2 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Kuwait
For the third consecutive year, Kuwait recorded decline in overseas shipments of nickel; bars, rods, profiles and wires, which decreased by -86.3% to 45 kg in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of -33.7% was in 2020.
In value terms, exports of nickel; bars, rods, profiles and wires fell remarkably to $653 in 2022. Overall, exports saw a precipitous setback. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $7.1K, and then reduced remarkably in the following year.
| Export of Nickel; Bars, Rods, Profiles and Wire in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.9 | 4.7 | 0.8 | 0.7 | -43.6% |
| Pakistan | N/A | N/A | 6.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 4.7 | 7.1 | 0.7 | -43.6% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Kuwait in 2022:
- United Arab Emirates (45.0 kg)
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