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

Contents:

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

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

In 2022, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $61,207 per ton, picking up by 17% against the previous year. Overall, the import price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of 58%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($155,612 per ton), while the price for the United Arab Emirates ($29,184 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $16,336 per ton in 2022, flattening at the previous year. Overall, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 212% against the previous year. Over the period under review, the average export prices attained the maximum at $51,909 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($17,235 per ton), while the average price for exports to Sweden stood at $16,300 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.3%).

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

In 2022, supplies from abroad of nickel; tubes and pipes, of nickel alloyses was finally on the rise to reach 48 tons after two years of decline. In general, imports, however, showed a deep contraction.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses soared to $2.9M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (26.1 tons)
2. Japan (4.6 tons)
3. India (4.0 tons)
4. South Korea (3.7 tons)
5. France (1.9 tons)
6. United States (1.6 tons)
7. Spain (1.6 tons)
8. Italy (1.5 tons)
9. Canada (1.1 tons)
10. United Arab Emirates (0.6 tons)
11. United Kingdom (0.5 tons)

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

In 2022, exports of nickel; tubes and pipes, of nickel alloyses from Kuwait contracted rapidly to 447 kg, with a decrease of -90.4% against the previous year's figure. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 1,065%.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses fell markedly to $7.3K in 2022. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 504% against the previous year.

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

1. Sweden (430.0 kg)
2. United Arab Emirates (17.0 kg)

Source: IndexBox Market Intelligence Platform