Price for Nickel; Bars, Rods, Profiles and Wire in Pakistan - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Pakistan (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Pakistan (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Pakistan
- Exports of Nickel; Bars, Rods, Profiles and Wire in Pakistan
Price for Nickel; Bars, Rods, Profiles and Wire in Pakistan (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $13,043 per ton in 2022, surging by 9.2% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 33%. As a result, import price reached the peak level of $19,670 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($21,424 per ton), while the price for South Korea ($9,254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Bars, Rods, Profiles and Wire in Pakistan (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $7,065 per ton in 2021, which is down by -74.8% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 783%. As a result, the export price attained the peak level of $318,167 per ton. From 2019 to 2021, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2014 to 2021, the rate of growth in terms of prices for Vietnam amounted to -17.1% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Pakistan
In 2022, imports of nickel; bars, rods, profiles and wires into Pakistan shrank remarkably to 36 tons, with a decrease of -31.9% on the previous year. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 311%. As a result, imports reached the peak of 53 tons, and then dropped significantly in the following year.
In value terms, imports of nickel; bars, rods, profiles and wires plummeted to $468K in 2022. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 180%. As a result, imports reached the peak of $629K, and then shrank dramatically in the following year.
| Import of Nickel; Bars, Rods, Profiles and Wire in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.1 | 164 | 277 | 265 | 108.8% |
| South Korea | 3.0 | 3.4 | 162 | 106 | 228.1% |
| Japan | 22.2 | 16.6 | 52.1 | 34.0 | 15.3% |
| Canada | 50.5 | N/A | 40.4 | 21.0 | -25.4% |
| Germany | 2.4 | 0.8 | 4.6 | 10.0 | 60.9% |
| United States | 50.7 | 1.3 | 0.2 | 1.0 | -73.0% |
| India | 124 | N/A | N/A | N/A | 0% |
| Kuwait | N/A | N/A | 59.1 | N/A | 0% |
| Others | 105 | 39.2 | 34.2 | 32.0 | -32.7% |
| Total | 387 | 225 | 629 | 468 | 6.5% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Pakistan in 2022:
- China (18.8 tons)
- South Korea (11.4 tons)
- Japan (1.6 tons)
- Canada (1.2 tons)
- Germany (0.7 tons)
- United States (0.1 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Pakistan
In 2021, exports of nickel; bars, rods, profiles and wires from Pakistan surged to 1.5 tons, jumping by 74,900% compared with the previous year. Over the period under review, exports enjoyed a significant 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, profiles and wires soared to $11K in 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Africa | N/A | N/A | 10.6 | 0% | |
| United Arab Emirates | 1.8 | N/A | N/A | 0% | |
| Others | 0.9 | 0.1 | N/A | -88.9% | |
| Total | 2.7 | 0.1 | 10.6 | 98.1% | |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Pakistan in 2022:
- South Africa (1.5 tons)
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