Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia - 2024

Contents:

1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia (CIF) - 2024
2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia (FOB) - 2024
3. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia
4. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia (CIF) - 2024

In August 2023, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $58,164 per ton, declining by -50.1% against the previous month. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in June 2023 an increase of 136% against the previous month. The import price peaked at $224K per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($135K per ton), while the price for China ($16,017 per ton) was amongst the lowest.

From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia (FOB) - 2024

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $36,977 per ton in August 2023, waning by -25.1% against the previous month. In general, the export price recorded a slight reduction. The growth pace was the most rapid in May 2023 an increase of 235% month-to-month. Over the period under review, the average export prices reached the maximum at $72,947 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($70,202 per ton), while the average price for exports to New Zealand amounted to $12,645 per ton.

From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia

In 2022, the amount of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s imported into Australia surged to 107 tons, increasing by 36% compared with the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 233% against the previous year. As a result, imports reached the peak of 191 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s surged to $5.3M in 2022. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 131% against the previous year. As a result, imports attained the peak of $8.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Australia in 2022:

1. China (40.9 tons)
2. France (24.4 tons)
3. United States (12.0 tons)
4. Italy (9.8 tons)
5. United Kingdom (9.3 tons)
6. Malaysia (5.4 tons)
7. Germany (1.5 tons)
8. Japan (1.5 tons)

Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Australia

Exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s from Australia amounted to 44 tons in 2022, with an increase of 4.9% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, the exports attained the peak of 86 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $1.8M in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 266% against the previous year. As a result, the exports reached the peak of $3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Australia in 2022:

1. Singapore (29.0 tons)
2. United Kingdom (6.3 tons)
3. New Zealand (5.3 tons)
4. Papua New Guinea (2.1 tons)

Source: IndexBox Market Intelligence Platform