Price for Nickel; Tube and Pipe Fittings in Bangladesh - 2022

Price for Nickel; Tube and Pipe Fittings in Bangladesh (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $126,861 per ton, picking up by 154% against the previous year. Over the period under review, the import price saw prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,008,122 per ton), while the price for India ($5,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Bangladesh (FOB) - 2022

The average export price for nickel; tube and pipe fittingses stood at $44,000 per ton in 2022, rising by 28% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average export price increased by 68%. As a result, the export price reached the peak level of $50,063 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +10.5% per year.

Imports of Nickel; Tube and Pipe Fittings in Bangladesh

In 2022, the amount of nickel; tube and pipe fittingses imported into Bangladesh skyrocketed to 1 tons, rising by 940% against 2021. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; tube and pipe fittings imports soared to $131K in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Tube and Pipe Fittings in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	N/A	N/A	N/A	41.3	0%
United Kingdom	1.5	0.7	2.1	25.1	155.8%
United States	0.5	0.6	1.5	15.5	214.1%
China	0.2	0.1	0.5	12.9	301.0%
Hong Kong SAR	0.2	0.1	0.3	4.3	178.1%
Thailand	0.1	N/A	0.3	3.1	214.1%
Singapore	0.4	0.2	0.3	0.8	26.0%
Others	N/A	1.8	N/A	27.6	291.6%
Total	2.9	3.4	4.9	131	256.1%

Top Suppliers of Nickel; Tube and Pipe Fittings to Bangladesh in 2022:

Hong Kong SAR (364.0 kg)
China (285.0 kg)
United States (189.0 kg)
United Kingdom (94.0 kg)
Italy (41.0 kg)
Thailand (21.0 kg)
Singapore (12.0 kg)

Exports of Nickel; Tube and Pipe Fittings in Bangladesh

In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; tube and pipe fittingses, when their volume increased by 120% to 11 kg. Over the period under review, exports, however, faced a deep downturn.

In value terms, nickel; tube and pipe fittings exports soared to $484 in 2022. In general, exports, however, continue to indicate a deep downturn.