Price for Nickel; Plates, Sheets, Strip and Foil in Vietnam - 2022
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Vietnam (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil in Vietnam (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in Vietnam
- Exports of Nickel; Plates, Sheets, Strip and Foil in Vietnam
Price for Nickel; Plates, Sheets, Strip and Foil in Vietnam (CIF) - 2022
The average import price for nickel; plates, sheets, strip and foils stood at $40,043 per ton in December 2022, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 18% m-o-m. The import price peaked in December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the United States ($40,879 per ton) and South Korea ($40,088 per ton), while the price for Taiwan (Chinese) ($39,051 per ton) and Japan ($39,783 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Plates, Sheets, Strip and Foil in Vietnam (FOB) - 2022
The average export price for nickel; plates, sheets, strip and foils stood at $36,493 per ton in 2022, surging by 7.6% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 49%. The export price peaked at $57,648 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($49,992 per ton), while the average price for exports to China ($27,302 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 Cambodia (+28.3%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Plates, Sheets, Strip and Foil in Vietnam
In 2022, approx. 791 tons of nickel; plates, sheets, strip and foils were imported into Vietnam; rising by 36% on 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of nickel; plates, sheets, strip and foils soared to $31M in 2022. Over the period under review, imports posted a significant expansion. 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 in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.5 | 6.5 | 10.4 | 22.1 | 43.4% |
| China | 2.9 | 1.2 | 3.8 | 3.6 | 7.5% |
| Japan | 0.9 | 1.0 | 1.8 | 2.2 | 34.7% |
| United States | 0.8 | 0.8 | 0.6 | 0.8 | 0.0% |
| Taiwan (Chinese) | 0.9 | 0.5 | 0.4 | 0.7 | -8.0% |
| Brazil | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
| Norway | 0.2 | 0.8 | 1.1 | 0.4 | 26.0% |
| Hong Kong SAR | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 0.4 | 0.3 | 0.4 | 0.8 | 26.0% |
| Total | 14.3 | 11.9 | 19.3 | 31.5 | 30.1% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Vietnam in 2022:
- South Korea (537.5 tons)
- China (87.6 tons)
- Japan (52.6 tons)
- Brazil (30.9 tons)
- United States (19.6 tons)
- Hong Kong SAR (18.0 tons)
- Taiwan (Chinese) (16.1 tons)
- Norway (9.7 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in Vietnam
After three years of growth, overseas shipments of nickel; plates, sheets, strip and foils decreased by -11.7% to 4.5 tons in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 84%. As a result, the exports attained the peak of 5.1 tons, and then contracted in the following year.
In value terms, exports of nickel; plates, sheets, strip and foils shrank to $164K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. As a result, the exports reached the peak of $172K, and then dropped in the following year.
| Export of Nickel; Plates, Sheets, Strip and Foil in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.1 | 32.1 | 75.5 | 83.8 | 45.7% |
| South Korea | 18.0 | 5.6 | 34.4 | 51.9 | 42.3% |
| Brazil | N/A | 3.1 | 36.7 | 7.9 | 59.6% |
| China | 24.1 | 5.0 | 9.9 | 7.7 | -31.6% |
| Poland | 2.9 | 3.4 | 7.6 | 6.5 | 30.9% |
| Lao People's Democratic Republic | N/A | 21.3 | N/A | N/A | 0% |
| Others | 4.4 | 7.8 | 8.0 | 5.7 | 9.0% |
| Total | 76.5 | 78.3 | 172 | 164 | 28.9% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from Vietnam in 2022:
- India (2287.0 kg)
- South Korea (1444.0 kg)
- China (281.0 kg)
- Brazil (216.0 kg)
- Poland (131.0 kg)
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