Price for Nickel; Tube and Pipe Fittings in Thailand - 2023

Contents:

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

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

The average import price for nickel; tube and pipe fittingses stood at $33,698 per ton in 2022, waning by -43.9% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 108% against the previous year. As a result, import price reached the peak level of $132,076 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($139,904 per ton), while the price for China ($29,475 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for nickel; tube and pipe fittingses stood at $24,851 per ton in 2022, increasing by 35% against the previous year. Overall, the export price posted resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 741%. As a result, the export price reached the peak level of $35,252 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($38,987 per ton), while the average price for exports to Lao People's Democratic Republic ($6,801 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 Malaysia (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tube and Pipe Fittings in Thailand

In 2022, approx. 61 tons of nickel; tube and pipe fittingses were imported into Thailand; rising by 391% on the year before. In general, imports recorded significant growth. 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 skyrocketed to $2.1M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. South Korea (undefined tons)
2. China (52.0 tons)
3. Italy (4.3 tons)
4. Japan (2.1 tons)
5. India (1.4 tons)
6. United States (0.6 tons)

Exports of Nickel; Tube and Pipe Fittings in Thailand

For the fourth year in a row, Thailand recorded growth in overseas shipments of nickel; tube and pipe fittingses, which increased by 76% to 25 tons in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 86%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports soared to $619K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Malaysia (23.1 tons)
2. Lao People's Democratic Republic (0.7 tons)
3. Myanmar (0.4 tons)

Source: IndexBox Market Intelligence Platform