Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Myanmar - 2023
Contents:
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Myanmar (CIF) - 2022
- Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Myanmar
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Myanmar (CIF) - 2022
In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $20,660 per ton, dropping by -21.5% against the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 454% against the previous year. Over the period under review, average import prices reached the maximum at $123,235 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($229,929 per ton), while the price for Thailand ($7,637 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.8%), while the prices for the other major suppliers experienced a decline.
Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Myanmar
Imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s into Myanmar soared to 6.8 tons in 2022, increasing by 5,832% on the year before. In general, imports enjoyed a significant expansion. 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 surged to $140K in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 15,689% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.2 | N/A | 1.2 | 68.3 | 153.4% |
| Thailand | 11.2 | N/A | 0.6 | 46.2 | 60.4% |
| China | 1.2 | N/A | 1.2 | 23.4 | 169.2% |
| South Korea | 4.3 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.1 | 1.8 | 108.0% |
| Total | 21.0 | N/A | 3.0 | 140 | 88.2% |
Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Myanmar in 2022:
- Thailand (6.1 tons)
- China (0.4 tons)
- Singapore (0.3 tons)
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