Price for Nickel; Tubes and Pipes, Not Alloyed in China - 2024

Contents:

1. Price for Nickel; Tubes and Pipes, Not Alloyed in China (CIF) - 2022
2. Price for Nickel; Tubes and Pipes, Not Alloyed in China (FOB) - 2022
3. Imports of Nickel; Tubes and Pipes, Not Alloyed in China
4. Exports of Nickel; Tubes and Pipes, Not Alloyed in China

Price for Nickel; Tubes and Pipes, Not Alloyed in China (CIF) - 2022

The average import price for nickel; tubes and pipes, not alloyeds stood at $49,227 per ton in 2022, which is down by -32.4% against the previous year. Overall, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $72,831 per ton in 2021, and then contracted rapidly in the following year.

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 ($403,109 per ton), while the price for Germany ($35,540 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 (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tubes and Pipes, Not Alloyed in China (FOB) - 2022

The average export price for nickel; tubes and pipes, not alloyeds stood at $47,313 per ton in 2022, with a decrease of -19.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs at $60,990 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($63,382 per ton), while the average price for exports to India ($41,017 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 Germany (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tubes and Pipes, Not Alloyed in China

Imports of nickel; tubes and pipes, not alloyeds into China surged to 74 tons in 2022, with an increase of 45% on the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +58.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; tubes and pipes, not alloyeds declined slightly to $3.6M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year.

Top Suppliers of Nickel; Tubes and Pipes, Not Alloyed to China in 2022:

1. Germany (41.7 tons)
2. Italy (21.0 tons)
3. United Kingdom (5.1 tons)
4. Austria (4.1 tons)
5. United States (1.3 tons)

Exports of Nickel; Tubes and Pipes, Not Alloyed in China

After three years of growth, overseas shipments of nickel; tubes and pipes, not alloyeds decreased by -21.8% to 48 tons in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 143% against the previous year. As a result, the exports reached the peak of 61 tons, and then fell dramatically in the following year.

In value terms, exports of nickel; tubes and pipes, not alloyeds fell notably to $2.3M in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 303% against the previous year. As a result, the exports reached the peak of $3.6M, and then declined sharply in the following year.

Top Export Markets for Nickel; Tubes and Pipes, Not Alloyed from China in 2022:

1. South Korea (31.5 tons)
2. Thailand (5.6 tons)
3. Indonesia (2.4 tons)
4. Pakistan (2.0 tons)
5. Russia (1.3 tons)
6. India (1.1 tons)
7. Israel (0.7 tons)

Source: IndexBox Market Intelligence Platform