Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China - 2023

Contents:

  1. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China (CIF) - 2023
  2. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China (FOB) - 2022
  3. Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China
  4. Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China (CIF) - 2023

The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $30,608 per ton in December 2023, dropping by -9.2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 16% against the previous month. The import price peaked at $35,080 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($54,424 per ton), while the price for Sweden ($18,564 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China (FOB) - 2022

In 2022, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $20,415 per ton, dropping by -6.9% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $39,618 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($39,874 per ton), while the average price for exports to the United Arab Emirates ($9,189 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 France (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China

In 2022, imports of nickel; plates, sheets, strip and foil, of nickel alloyses into China expanded markedly to 11K tons, with an increase of 14% on 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $314M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States73.989.612112318.5%
Japan29.162.267.299.350.6%
Germany43.740.238.071.317.7%
SwedenN/A1.30.18.2151.2%
France5.86.24.95.6-1.2%
Austria0.50.30.25.0115.4%
Others4.73.23.92.3-21.2%
Total15820323531425.7%

Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to China in 2022:

  1. Japan (5.1K tons)
  2. United States (3.3K tons)
  3. Germany (2.2K tons)
  4. Sweden (0.5K tons)
  5. France (0.2K tons)
  6. Austria (0.2K tons)

Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China

In 2022, exports of nickel; plates, sheets, strip and foil, of nickel alloyses from China surged to 2.7K tons, with an increase of 74% on 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 224%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $56M in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 219%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore5.80.82.714.034.1%
United States0.20.30.77.0227.1%
Iran0.40.50.56.3150.7%
South Korea0.90.71.55.582.8%
Russia0.91.51.15.178.3%
India0.60.819.53.986.6%
Taiwan (Chinese)4.42.52.43.6-6.5%
Hong Kong SARN/AN/A0.31.9533.3%
Italy0.30.30.41.467.1%
France0.90.41.11.313.0%
United Arab EmiratesN/AN/A0.10.8700.0%
Pakistan2.10.80.20.5-38.0%
Others2.42.34.04.624.2%
Total19.010.834.556.043.4%

Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from China in 2022:

  1. Singapore (1299.8 tons)
  2. Iran (231.9 tons)
  3. United States (202.8 tons)
  4. India (163.2 tons)
  5. South Korea (137.8 tons)
  6. Russia (129.1 tons)
  7. Taiwan (Chinese) (105.6 tons)
  8. United Arab Emirates (82.0 tons)
  9. Italy (77.1 tons)
  10. Hong Kong SAR (66.6 tons)
  11. France (43.0 tons)
  12. Pakistan (36.0 tons)

Source: IndexBox Market Intelligence Platform

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