Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR (FOB) - 2023
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR (CIF) - 2023
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $60,625 per ton, growing by 20% against the previous month. Overall, the export price showed notable growth. The pace of growth appeared the most rapid in May 2023 an increase of 160% against the previous month. As a result, the export price attained the peak level of $111K per ton. From June 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($61,245 per ton), while the average price for exports to Bangladesh amounted to $23,038 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR (CIF) - 2023
The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $48,744 per ton in October 2023, with a decrease of -42.1% against the previous month. In general, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in May 2023 an increase of 426% against the previous month. As a result, import price attained the peak level of $152K per ton. From June 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($191K per ton), while the price for Japan amounted to $21,785 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR
In 2022, shipments abroad of nickel; plates, sheets, strip and foil, of nickel alloyses decreased by -4.9% to 265 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 39%. As a result, the exports attained the peak of 287 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $11M in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 59%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 5.6 | 6.9 | 10.5 | 45.6% |
| Taiwan (Chinese) | N/A | N/A | 0.2 | 0.4 | 100.0% |
| India | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 3.5 | 5.6 | 7.4 | 10.9 | 46.0% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from Hong Kong SAR in 2022:
- China (246.1 tons)
- Taiwan (Chinese) (13.4 tons)
- India (5.2 tons)
Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR
In 2022, the amount of nickel; plates, sheets, strip and foil, of nickel alloyses imported into Hong Kong SAR rose markedly to 251 tons, increasing by 13% compared with the previous year. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of 289 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $11M in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 112% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 1.4 | 2.2 | 6.2 | 214.1% |
| Japan | 2.7 | 4.3 | 3.7 | 3.9 | 13.0% |
| China | 0.2 | 0.9 | 0.2 | 0.5 | 35.7% |
| France | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 3.2 | 6.8 | 6.2 | 10.6 | 49.1% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to Hong Kong SAR in 2022:
- Japan (200.7 tons)
- United States (35.9 tons)
- China (11.3 tons)
- France (0.9 tons)
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