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

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Vietnam (FOB) - 2022
2. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Vietnam

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

In 2022, the average export price for nickel; tubes and pipes, of nickel alloyses amounted to $57,660 per ton, picking up by 85% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($92,685 per ton), while the average price for exports to Canada ($29,833 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 China (+11.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, exports of nickel; tubes and pipes, of nickel alloyses from Vietnam reduced notably to 329 kg, which is down by -44.3% compared with 2021 figures. In general, exports saw a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 82%.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses expanded slightly to $19K in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.6% against the previous year.

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

1. China (130.0 kg)
2. United States (75.0 kg)
3. Switzerland (71.0 kg)
4. Malaysia (35.0 kg)
5. Canada (18.0 kg)

Source: IndexBox Market Intelligence Platform