Price for Nickel; Tubes and Pipes, Not Alloyed in India - 2023

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

The average import price for nickel; tubes and pipes, not alloyeds stood at $59,739 per ton in 2022, jumping by 20% against the previous year. In general, the import price posted a notable increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 82%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Switzerland ($138,989 per ton), while the price for the United States ($19,096 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; tubes and pipes, not alloyeds amounted to $55,799 per ton, growing by 24% against the previous year. In general, the export price showed pronounced growth. The growth pace was the most rapid in 2016 an increase of 78% against the previous year. Over the period under review, the average export prices hit record highs at $84,284 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($100,300 per ton), while the average price for exports to Kuwait ($15,364 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 Oman (+109.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of nickel; tubes and pipes, not alloyeds into India reduced dramatically to 7.6 tons in 2022, shrinking by -40% on 2021. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -25.4% was in 2021.

In value terms, imports of nickel; tubes and pipes, not alloyeds declined notably to $454K in 2022. In general, imports saw a deep downturn. The smallest decline of -3.9% was in 2021.

Import of Nickel; Tubes and Pipes, Not Alloyed in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	158	260	214	134	-5.3%
Italy	139	83.4	91.2	84.8	-15.2%
Saudi Arabia	59.4	144	64.3	79.9	10.4%
Switzerland	89.4	56.8	39.3	37.0	-25.5%
Belgium	49.3	41.5	81.6	31.1	-14.2%
China	130	18.4	73.3	16.1	-50.2%
Thailand	30.7	17.3	18.0	12.5	-25.9%
United States	25.4	8.5	5.3	9.5	-28.0%
Malaysia	87.1	N/A	N/A	N/A	0%
Others	43.9	28.2	45.6	49.7	4.2%
Total	812	658	633	454	-17.6%

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

United Kingdom (2274.0 kg)
Italy (1744.0 kg)
Saudi Arabia (1328.0 kg)
United States (498.0 kg)
Thailand (479.0 kg)
Belgium (271.0 kg)
Switzerland (266.0 kg)
China (261.0 kg)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; tubes and pipes, not alloyeds, when their volume increased by 190% to 673 kg. In general, exports, however, showed a sharp decrease.

In value terms, exports of nickel; tubes and pipes, not alloyeds skyrocketed to $38K in 2022. Overall, exports, however, continue to indicate a sharp descent.

Export of Nickel; Tubes and Pipes, Not Alloyed in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	13.4	17.9	0.6	11.6	-4.7%
Saudi Arabia	100	21.0	0.4	8.9	-55.4%
Turkey	18.4	18.0	3.6	6.6	-28.9%
United Kingdom	8.9	9.4	2.0	5.0	-17.5%
Malaysia	2.1	4.2	1.7	2.2	1.6%
Mexico	N/A	N/A	N/A	0.8	0%
Bangladesh	2.5	1.6	0.2	0.3	-50.7%
United Arab Emirates	14.5	2.3	0.1	0.3	-72.5%
Kuwait	1.9	1.0	0.1	0.2	-52.8%
Singapore	9.3	0.3	N/A	0.1	-77.9%
Serbia	N/A	4.4	N/A	N/A	0%
Oman	N/A	14.0	N/A	N/A	0%
Netherlands	N/A	28.3	N/A	N/A	0%
Others	9.3	9.1	1.6	1.7	-43.2%
Total	180	131	10.5	37.6	-40.7%