Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India - 2023
Contents:
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India (CIF) - 2022
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India (FOB) - 2023
- Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India
- Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India (CIF) - 2022
In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $21,261 per ton, dropping by -9.2% against the previous year. Overall, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2013 when the average import price increased by 30%. As a result, import price reached the peak level of $39,171 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($48,215 per ton), while the price for Saudi Arabia ($9,718 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), 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 India (FOB) - 2023
The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $34,364 per ton in July 2023, declining by -18.9% against the previous month. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 62% against the previous month. The export price peaked at $86,233 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Oman ($206K per ton), while the average price for exports to Indonesia ($11,087 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India
In 2022, overseas purchases of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were finally on the rise to reach 2.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $47M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.3 | 2.3 | 4.0 | 7.7 | 32.6% |
| United States | 11.9 | 8.1 | 4.7 | 6.9 | -16.6% |
| China | 4.5 | 5.8 | 4.9 | 6.7 | 14.2% |
| Italy | 12.0 | 5.3 | 5.2 | 6.6 | -18.1% |
| United Kingdom | 3.5 | 6.3 | 4.7 | 3.1 | -4.0% |
| Singapore | 0.8 | 0.1 | 0.2 | 2.6 | 48.1% |
| France | 1.8 | 0.5 | 1.3 | 2.4 | 10.1% |
| South Korea | 0.9 | 0.2 | 0.7 | 1.9 | 28.3% |
| Japan | 0.8 | 2.0 | 1.7 | 1.4 | 20.5% |
| Germany | 0.6 | 4.0 | 3.0 | 1.4 | 32.6% |
| Malaysia | 0.2 | 0.3 | 0.5 | 1.3 | 86.6% |
| Netherlands | 0.5 | 0.5 | 1.3 | 1.0 | 26.0% |
| Saudi Arabia | 0.4 | 0.6 | 0.3 | 0.2 | -20.6% |
| Others | 2.6 | 2.1 | 1.5 | 3.9 | 14.5% |
| Total | 43.8 | 38.1 | 34.0 | 47.2 | 2.5% |
Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to India in 2022:
- United Arab Emirates (615.0 tons)
- China (442.6 tons)
- United States (199.3 tons)
- Singapore (182.0 tons)
- Italy (172.3 tons)
- Malaysia (116.0 tons)
- South Korea (104.8 tons)
- Japan (87.8 tons)
- United Kingdom (64.8 tons)
- Germany (34.9 tons)
- Netherlands (31.8 tons)
- France (26.0 tons)
- Saudi Arabia (17.6 tons)
Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India
In 2022, shipments abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -0.2% to 569 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 789 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s surged to $21M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 8.9 | 3.4 | 6.4 | -7.6% |
| Saudi Arabia | 2.7 | 1.0 | 0.6 | 4.0 | 14.0% |
| United States | 0.7 | 1.3 | 1.2 | 2.3 | 48.7% |
| United Arab Emirates | 0.3 | 0.8 | 0.5 | 1.4 | 67.1% |
| Netherlands | N/A | 0.1 | N/A | 1.3 | 260.6% |
| South Korea | 0.6 | 0.5 | 3.5 | 0.9 | 14.5% |
| France | N/A | N/A | N/A | 0.6 | 0% |
| Italy | 2.9 | 0.4 | 1.4 | 0.2 | -59.0% |
| Others | 2.3 | 1.3 | 2.3 | 4.1 | 21.3% |
| Total | 17.5 | 14.3 | 12.8 | 21.2 | 6.6% |
Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from India in 2022:
- China (265.2 tons)
- United States (65.1 tons)
- Saudi Arabia (52.4 tons)
- South Korea (32.0 tons)
- United Arab Emirates (31.6 tons)
- Netherlands (29.7 tons)
- France (13.3 tons)
- Italy (3.7 tons)
247
This report provides an in-depth analysis of the market for nickel pipes and fittings in India.
454
Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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