Price for Nickel; Plates, Sheets, Strip and Foil in the Philippines - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in the Philippines (CIF) - 2023
- Price for Nickel; Plates, Sheets, Strip and Foil in the Philippines (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in the Philippines
- Exports of Nickel; Plates, Sheets, Strip and Foil in the Philippines
Price for Nickel; Plates, Sheets, Strip and Foil in the Philippines (CIF) - 2023
In December 2023, the average import price for nickel; plates, sheets, strip and foils amounted to $7,614 per ton, falling by -10.4% against the previous month. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in May 2023 an increase of 50% against the previous month. The import price peaked at $15,356 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($7,397 per ton), while the price for Taiwan (Chinese) totaled $6,787 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+23.3%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Plates, Sheets, Strip and Foil in the Philippines (FOB) - 2022
In 2022, the average export price for nickel; plates, sheets, strip and foils amounted to $9,689 per ton, reducing by -67.8% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,592% against the previous year. The export price peaked at $31,659 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 ($24,219 per ton), while the average price for exports to Malaysia ($6,901 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 (-0.9%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Plates, Sheets, Strip and Foil in the Philippines
In 2022, imports of nickel; plates, sheets, strip and foils into the Philippines skyrocketed to 1.6K tons, rising by 3,324% against the previous year. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; plates, sheets, strip and foils surged to $11M 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 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 38.6 | N/A | 5,349 | 1077.2% |
| China | 13.1 | 142 | 220 | 3,044 | 514.8% |
| Taiwan (Chinese) | 1.0 | 44.0 | 58.1 | 459 | 671.4% |
| Japan | 593 | 95.2 | 620 | 418 | -11.0% |
| Others | 302 | 253 | 992 | 1,272 | 61.5% |
| Total | 909 | 573 | 1,890 | 10,541 | 126.3% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to the Philippines in 2022:
- Belgium (1253.7 tons)
- China (262.0 tons)
- Taiwan (Chinese) (40.5 tons)
- Japan (10.2 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in the Philippines
In 2022, the amount of nickel; plates, sheets, strip and foils exported from the Philippines soared to 13 tons, growing by 3,383% compared with the year before. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; plates, sheets, strip and foils surged to $123K in 2022. Overall, exports enjoyed 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 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 80.3 | 0% |
| Japan | N/A | N/A | 6.2 | 22.8 | 267.7% |
| Indonesia | 0.2 | 4.9 | 0.1 | 1.7 | 104.1% |
| Others | 5.8 | N/A | 4.7 | 18.3 | 46.7% |
| Total | 6.0 | 4.9 | 11.0 | 123 | 173.7% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from the Philippines in 2022:
- Malaysia (11.6 tons)
- Japan (0.9 tons)
- Indonesia (0.1 tons)
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