Price for Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia - 2022

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia (CIF) - 2022
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia (FOB) - 2022
3. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia
4. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia (CIF) - 2022

In 2022, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $17,733 per ton, which is down by -25.9% against the previous year. Overall, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $43,603 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($22,539 per ton), while the price for South Korea ($3,948 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia (FOB) - 2022

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $28,630 per ton in 2022, with a decrease of -2.6% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; tubes and pipes, of nickel alloyses decreased by -24.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 67%. Over the period under review, the average export prices attained the peak figure at $37,754 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($57,825 per ton), while the average price for exports to Singapore ($25,547 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 India (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia

For the fourth consecutive year, Indonesia recorded growth in overseas purchases of nickel; tubes and pipes, of nickel alloyses, which increased by 34% to 1.1K tons in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 204%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses dropped modestly to $20M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 151%. As a result, imports attained the peak of $20M, leveling off in the following year.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Indonesia in 2022:

1. Germany (648.9 tons)
2. Japan (204.9 tons)
3. United Kingdom (145.3 tons)
4. China (30.4 tons)
5. Italy (24.6 tons)
6. India (16.8 tons)
7. United States (12.0 tons)
8. South Korea (3.0 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Indonesia

For the third consecutive year, Indonesia recorded decline in overseas shipments of nickel; tubes and pipes, of nickel alloyses, which decreased by -6.4% to 29 tons in 2022. Overall, exports recorded a precipitous slump.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses shrank to $832K in 2022. Over the period under review, exports showed a precipitous decline.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Indonesia in 2022:

1. Singapore (26.5 tons)
2. India (1.9 tons)

Source: IndexBox Market Intelligence Platform