Price for Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates
- Exports of Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates
Price for Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $37,930 per ton, jumping by 24% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods, profiles and wires increased by +87.2% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($41,986 per ton), while the price for Singapore ($20,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $19,594 per ton in 2022, rising by 12% against the previous year. Overall, the export price, however, showed a mild slump. The pace of growth was the most pronounced in 2020 an increase of 59%. The export price peaked at $29,957 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($39,822 per ton), while the average price for exports to India amounted to $16,836 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+97.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates
In 2022, imports of nickel; bars, rods, profiles and wires into the United Arab Emirates reached 1.1K tons, growing by 9.7% on 2021. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of nickel; bars, rods, profiles and wires soared to $40M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +51.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.2 | 1.3 | 3.1 | 17.7 | 345.6% |
| United Kingdom | 2.8 | 6.5 | 6.6 | 7.7 | 40.1% |
| United States | 2.7 | 1.9 | 5.0 | 5.0 | 22.8% |
| Germany | 1.0 | 1.2 | 1.6 | 2.1 | 28.1% |
| China | 0.5 | 7.1 | 2.5 | 2.1 | 61.3% |
| India | 0.5 | 0.9 | 1.3 | 1.2 | 33.9% |
| Switzerland | 17.4 | 17.1 | 5.9 | 1.1 | -60.2% |
| Singapore | 0.1 | 1.1 | 0.8 | 1.0 | 115.4% |
| Others | 1.2 | 0.9 | 2.7 | 2.1 | 20.5% |
| Total | 26.3 | 38.0 | 29.5 | 39.9 | 14.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to the United Arab Emirates in 2022:
- Italy (433.8 tons)
- United Kingdom (190.7 tons)
- United States (147.3 tons)
- China (60.3 tons)
- Germany (49.4 tons)
- Singapore (49.1 tons)
- India (39.9 tons)
- Switzerland (27.2 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in the United Arab Emirates
Exports of nickel; bars, rods, profiles and wires from the United Arab Emirates surged to 169 tons in 2022, rising by 46% against 2021. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2020 indices. 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 skyrocketed to $3.3M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,148 | 484 | 1,212 | 2,451 | 28.8% |
| Oman | 539 | 1,578 | 546 | 816 | 14.8% |
| Iran | 300 | 927 | 240 | N/A | -10.6% |
| Others | 81.8 | 17.5 | 26.0 | 39.5 | -21.5% |
| Total | 2,069 | 3,006 | 2,024 | 3,306 | 16.9% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from the United Arab Emirates in 2022:
- India (145.6 tons)
- Oman (20.5 tons)
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