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

Contents:

1. Price for Nickel; Tubes and Pipes, Not Alloyed in Thailand (FOB) - 2023
2. Price for Nickel; Tubes and Pipes, Not Alloyed in Thailand (CIF) - 2022
3. Exports of Nickel; Tubes and Pipes, Not Alloyed in Thailand
4. Imports of Nickel; Tubes and Pipes, Not Alloyed in Thailand

Price for Nickel; Tubes and Pipes, Not Alloyed in Thailand (FOB) - 2023

The average export price for nickel; tubes and pipes, not alloyeds stood at $39,843 per ton in October 2023, approximately equating the previous month. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $45,832 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.

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

From April 2023 to October 2023, the rate of growth in terms of prices for Japan amounted to -0.8% per month.

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

The average import price for nickel; tubes and pipes, not alloyeds stood at $54,147 per ton in 2022, which is down by -56.9% against the previous year. Over the period under review, the import price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 154%. Over the period under review, average import prices hit record highs at $143,245 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($67,000 per ton), while the price for China stood at $54,192 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+45.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, after two years of growth, there was significant decline in overseas shipments of nickel; tubes and pipes, not alloyeds, when their volume decreased by -53.1% to 3.1 tons. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,539%. As a result, the exports attained the peak of 6.6 tons, and then dropped rapidly in the following year.

In value terms, exports of nickel; tubes and pipes, not alloyeds dropped sharply to $103K in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 618%. As a result, the exports reached the peak of $224K, and then fell remarkably in the following year.

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

1. Japan (3.1 tons)

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

Imports of nickel; tubes and pipes, not alloyeds into Thailand soared to 1.6 tons in 2022, with an increase of 137% compared with the previous year's figure. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 610% against the previous year. As a result, imports reached the peak of 6.6 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of nickel; tubes and pipes, not alloyeds stood at $87K in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 195% against the previous year. As a result, imports reached the peak of $360K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. China (1598.0 kg)
2. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform