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

Contents:

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

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

The average import price for nickel; tubes and pipes, not alloyeds stood at $51,723 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 300%. As a result, import price reached the peak level of $189,087 per ton. From 2019 to 2022, the average import prices remained 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 Japan ($595,833 per ton), while the price for China ($23,652 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; tubes and pipes, not alloyeds amounted to $7,784 per ton, with an increase of 58% against the previous year. In general, the export price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 77%. As a result, the export price attained the peak level of $13,886 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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 United States ($213,824 per ton), while the average price for exports to Malaysia stood at $4,333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Tubes and Pipes, Not Alloyed in South Korea

Imports of nickel; tubes and pipes, not alloyeds into South Korea surged to 51 tons in 2022, jumping by 81% on the previous year. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 469%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of nickel; tubes and pipes, not alloyeds soared to $2.6M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 442% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

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

1. United Kingdom (19.9 tons)
2. China (11.9 tons)
3. United States (10.6 tons)
4. Italy (7.5 tons)

Exports of Nickel; Tubes and Pipes, Not Alloyed in South Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; tubes and pipes, not alloyeds, when their volume decreased by -41.8% to 14 tons. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.

In value terms, exports of nickel; tubes and pipes, not alloyeds shrank to $111K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value 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, exports increased by +40.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 26%.

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

1. Malaysia (14.0 tons)
2. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform