Price for Nickel; Tube and Pipe Fittings in South Korea - 2022

Contents:

1. Price for Nickel; Tube and Pipe Fittings in South Korea (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in South Korea (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in South Korea
4. Exports of Nickel; Tube and Pipe Fittings in South Korea

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

The average import price for nickel; tube and pipe fittingses stood at $90,887 per ton in 2022, shrinking by -2.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 90%. The import price peaked at $131,279 per ton in 2015; however, from 2016 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 the United States ($177,930 per ton), while the price for Japan ($42,883 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $70,037 per ton, jumping by 16% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; tube and pipe fittings export price increased by +3.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 207% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($635,286 per ton), while the average price for exports to Argentina ($4,819 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 Turkey (+75.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tube and Pipe Fittings in South Korea

In 2022, supplies from abroad of nickel; tube and pipe fittingses decreased by -37.4% to 70 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 126% against the previous year. As a result, imports attained the peak of 200 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nickel; tube and pipe fittings imports declined markedly to $6.3M in 2022. Overall, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2020 when imports increased by 69%.

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

1. Italy (16.9 tons)
2. United Kingdom (14.9 tons)
3. China (12.3 tons)
4. United States (12.2 tons)
5. Japan (6.2 tons)
6. Germany (5.2 tons)

Exports of Nickel; Tube and Pipe Fittings in South Korea

In 2022, overseas shipments of nickel; tube and pipe fittingses decreased by -30.5% to 65 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 43%. As a result, the exports attained the peak of 104 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel; tube and pipe fittings exports reduced dramatically to $4.5M in 2022. In general, exports saw a noticeable decline. The pace of growth was the most pronounced in 2020 when exports increased by 18%. As a result, the exports attained the peak of $5.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Nickel; Tube and Pipe Fittings from South Korea in 2022:

1. India (14.8 tons)
2. United Arab Emirates (9.4 tons)
3. Argentina (8.5 tons)
4. Vietnam (6.6 tons)
5. Italy (4.9 tons)
6. Saudi Arabia (3.9 tons)
7. Russia (3.6 tons)
8. Indonesia (2.2 tons)
9. Singapore (1.9 tons)
10. United States (1.7 tons)
11. Qatar (1.4 tons)
12. Turkey (1.0 tons)
13. Germany (1.0 tons)

Source: IndexBox Market Intelligence Platform