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

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Sri Lanka (CIF) - 2022
  2. Imports of Nickel; Bars, Rods, Profiles and Wire in Sri Lanka

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

In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $24,746 per ton, surging by 24% against the previous year. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $42,653 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Japan ($1,199,222 per ton), while the price for Taiwan (Chinese) ($5,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Nickel; Bars, Rods, Profiles and Wire in Sri Lanka

In 2022, the amount of nickel; bars, rods, profiles and wires imported into Sri Lanka surged to 2.2 tons, rising by 67% compared with the previous year's figure. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $54K in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Bars, Rods, Profiles and Wire in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)2.83.45.710.253.9%
Singapore3.14.38.26.628.6%
Others5.06.412.237.395.4%
Total10.814.026.254.171.1%

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

  1. Taiwan (Chinese) (1960.0 kg)
  2. Singapore (146.0 kg)

Source: IndexBox Market Intelligence Platform

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