Price for Nickel; Bars, Rods, Profiles and Wire in Vietnam - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Vietnam (FOB) - 2022
- Exports of Nickel; Bars, Rods, Profiles and Wire in Vietnam
Price for Nickel; Bars, Rods, Profiles and Wire in Vietnam (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $26,478 per ton in 2022, with a decrease of -21.2% against the previous year. In general, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2020 an increase of 19%. Over the period under review, the average export prices reached the maximum at $38,175 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($67,843 per ton), while the average price for exports to Singapore ($2,620 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Nickel; Bars, Rods, Profiles and Wire in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of nickel; bars, rods, profiles and wires, which increased by 27% to 13 tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 166%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of nickel; bars, rods, profiles and wires amounted to $349K in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.0 | 8.6 | 43.8 | 283 | 556.5% |
| Malaysia | 0.4 | 0.7 | 0.8 | 17.4 | 251.7% |
| Switzerland | N/A | N/A | 1.3 | 15.5 | 1092.3% |
| Singapore | 0.2 | 1.1 | 0.6 | 7.4 | 233.2% |
| China | 81.4 | 105 | 298 | 6.0 | -58.1% |
| Others | 7.5 | 5.6 | 2.2 | 18.9 | 36.1% |
| Total | 90.6 | 121 | 347 | 349 | 56.8% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Vietnam in 2022:
- South Korea (8.9 tons)
- Singapore (2.8 tons)
- Malaysia (0.9 tons)
- Switzerland (0.3 tons)
- China (0.1 tons)
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