Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia (CIF) - 2022
In 2022, the average import price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $8,424 per ton, which is down by -23.1% against the previous year. Overall, the import price showed a noticeable descent. The growth pace was the most rapid in 2017 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $12,552 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($12,471 per ton), while the price for Denmark ($3,394 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia (FOB) - 2022
In 2022, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $10,495 per ton, falling by -5.6% against the previous year. Over the period under review, the export price, however, saw noticeable growth. The most prominent rate of growth was recorded in 2018 an increase of 66%. As a result, the export price reached the peak level of $14,222 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
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 Japan ($14,905 per ton), while the average price for exports to Thailand ($4,039 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 Japan (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia
In 2022, approx. 1.5K tons of nickel; plates, sheets, strip and foil, of nickel alloyses were imported into Malaysia; leveling off at the previous year. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. As a result, imports reached the peak of 1.5K tons; afterwards, it flattened through to 2022.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses dropped sharply to $12M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 decreased by -24.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.1 | 9.5 | 7.8 | 4.0 | 24.0% |
| China | 1.0 | 1.1 | 2.4 | 3.5 | 51.8% |
| United States | 1.1 | 1.2 | 3.1 | 2.5 | 31.5% |
| Denmark | N/A | N/A | N/A | 0.7 | 0% |
| Germany | 0.2 | 0.1 | 0.4 | 0.6 | 44.2% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.4 | 0.2 | 0.0% |
| Singapore | 5.1 | 3.4 | 1.1 | 0.1 | -73.0% |
| Others | 1.1 | 0.9 | 0.9 | 0.9 | -6.5% |
| Total | 10.7 | 16.5 | 16.2 | 12.5 | 5.3% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to Malaysia in 2022:
- China (453.2 tons)
- Japan (324.4 tons)
- United States (323.5 tons)
- Denmark (193.6 tons)
- Germany (91.4 tons)
- Singapore (17.9 tons)
- Taiwan (Chinese) (17.7 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia
In 2022, approx. 585 tons of nickel; plates, sheets, strip and foil, of nickel alloyses were exported from Malaysia; jumping by 1,319% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses skyrocketed to $6.1M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2,938 | 0% |
| Japan | 46.1 | 10.2 | 58.9 | 1,385 | 210.9% |
| Singapore | 281 | 249 | 241 | 1,284 | 65.9% |
| United States | 25.5 | 63.8 | 86.4 | 341 | 137.4% |
| Thailand | N/A | 18.1 | 3.0 | 86.9 | 119.1% |
| Others | 18.8 | 8.0 | 69.8 | 107 | 78.5% |
| Total | 371 | 349 | 459 | 6,142 | 154.9% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from Malaysia in 2022:
- China (291.6 tons)
- Singapore (141.3 tons)
- Japan (92.9 tons)
- United States (30.8 tons)
- Thailand (21.5 tons)
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