Price for Nickel; Tubes and Pipes, Not Alloyed in Kuwait - 2022

Contents:

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

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

In September 2022, the average export price for nickel; tubes and pipes, not alloyeds amounted to $50,631 per ton, stabilizing at the previous month. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level of $50,631 per ton; afterwards, it flattened through to September 2022.

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

From July 2022 to September 2022, the rate of growth in terms of prices for Sweden amounted to 0.0% per month.

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

In 2022, the average import price for nickel; tubes and pipes, not alloyeds amounted to $48,197 per ton, increasing by 19% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 59%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 ($244,942 per ton), while the price for Italy ($1,512 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after two years of growth, there was significant decline in shipments abroad of nickel; tubes and pipes, not alloyeds, when their volume decreased by -13.5% to 259 tons. The total export volume increased at an average annual rate of +7.4% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports reached the peak of 300 tons, and then shrank in the following year.

In value terms, exports of nickel; tubes and pipes, not alloyeds reached $2.3M in 2022. Overall, total exports indicated a significant increase from 2020 to 2022: its value increased at an average annual rate of +22.3% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Sweden (259.5 tons)

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

In 2022, overseas purchases of nickel; tubes and pipes, not alloyeds decreased by -42.2% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 704%. As a result, imports reached the peak of 2 tons, and then contracted remarkably in the following year.

In value terms, imports of nickel; tubes and pipes, not alloyeds contracted rapidly to $55K in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 1,081% against the previous year. As a result, imports attained the peak of $80K, and then fell markedly in the following year.

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

1. United States (558.0 kg)
2. China (265.0 kg)
3. Switzerland (121.0 kg)
4. United Kingdom (100.0 kg)
5. Italy (80.0 kg)

Source: IndexBox Market Intelligence Platform