Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea - 2022
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea (CIF) - 2022
In December 2022, the average import price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $42,132 per ton, rising by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in July 2022 when the average import price increased by 27% against the previous month. The import price peaked at $51,069 per ton in August 2022; however, from September 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($50,429 per ton), while the price for Germany ($30,912 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), 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 South Korea (FOB) - 2022
In 2022, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $33,662 per ton, shrinking by -13.5% against the previous year. Overall, the export price continues to indicate a perceptible setback. The growth pace was the most rapid in 2016 an increase of 58%. The export price peaked at $53,523 per ton in 2014; however, from 2015 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 Japan ($61,333 per ton), while the average price for exports to the Philippines ($7,871 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 India (+5.9%), 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 South Korea
In 2022, after two years of decline, there was significant growth in overseas purchases of nickel; plates, sheets, strip and foil, of nickel alloyses, when their volume increased by 6.9% to 2.4K tons. Overall, imports, however, saw a relatively flat trend pattern.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $95M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +54.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.2 | 24.5 | 28.7 | 38.0 | 17.9% |
| Japan | 16.5 | 14.4 | 24.9 | 27.2 | 18.1% |
| Germany | 16.6 | 14.3 | 13.0 | 18.2 | 3.1% |
| China | 1.2 | 1.8 | 2.2 | 6.2 | 72.9% |
| France | 4.8 | 5.2 | 2.9 | 4.2 | -4.4% |
| Others | 1.1 | 1.2 | 0.3 | 1.0 | -3.1% |
| Total | 63.4 | 61.4 | 72.1 | 94.8 | 14.4% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to South Korea in 2022:
- Japan (818.3 tons)
- United States (795.4 tons)
- Germany (507.7 tons)
- China (131.4 tons)
- France (130.0 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea
In 2022, approx. 791 tons of nickel; plates, sheets, strip and foil, of nickel alloyses were exported from South Korea; rising by 47% against the year before. Overall, exports, however, showed a sharp shrinkage.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $27M in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.1 | 11.5 | 17.3 | 20.3 | -8.0% |
| Malaysia | N/A | N/A | 0.1 | 1.6 | 1500.0% |
| Philippines | 0.5 | 1.6 | 2.2 | 1.5 | 44.2% |
| Taiwan (Chinese) | 0.1 | 0.1 | N/A | 1.1 | 122.4% |
| India | 0.3 | 0.6 | 0.4 | 1.1 | 54.2% |
| Vietnam | 11.2 | 0.9 | 0.4 | 0.1 | -79.3% |
| Others | 1.3 | 0.4 | 0.7 | 0.8 | -14.9% |
| Total | 39.6 | 15.1 | 21.0 | 26.6 | -12.4% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from South Korea in 2022:
- China (394.2 tons)
- Philippines (191.9 tons)
- India (127.2 tons)
- Taiwan (Chinese) (29.2 tons)
- Malaysia (27.0 tons)
- Vietnam (3.5 tons)
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