Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan - 2023

Contents:

  1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (CIF) - 2022
  2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (FOB) - 2022
  3. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan
  4. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (CIF) - 2022

In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $15,608 per ton, declining by -64.2% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 272%. As a result, import price reached the peak level of $43,604 per ton, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($24,286 per ton), while the price for the Netherlands ($13,281 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+310.1%), 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 Pakistan (FOB) - 2022

In 2022, the average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $3,231 per ton, standing approx. at the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 76% against the previous year. The export price peaked at $29,905 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($60,100 per ton), while the average price for exports to Bahrain stood at $778 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-17.8%).

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

In 2022, purchases abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s increased by 447% to 48 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate prominent growth. 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 $746K in 2022. In general, imports, however, recorded a perceptible contraction.

Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China60735.54.86773.7%
United States10914423.338.4-29.4%
United Kingdom62.07.65.724.3-26.8%
South KoreaN/A11.7N/AN/A0%
Taiwan (Chinese)N/A18.8246N/A1208.5%
Italy13.7N/A49.5N/A90.1%
CanadaN/A39.2N/AN/A0%
Others43.758.252.36.2-47.8%
Total835315381746-3.7%

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

  1. China (44.5 tons)
  2. United States (1.8 tons)
  3. United Kingdom (1.0 tons)

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

In 2022, shipments abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by 0% to 337 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s totaled $1.1K in 2022. In general, exports showed a dramatic curtailment. The smallest decline of 99.9% was in 2020.

Export of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NorwayN/AN/AN/A0.60%
BahrainN/AN/AN/A0.30%
Uzbekistan2.3N/AN/AN/A0%
OthersN/AN/AN/A0.20%
Total2.3N/AN/A1.1-21.8%

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

  1. Bahrain (325.0 kg)
  2. Norway (10.0 kg)

Source: IndexBox Market Intelligence Platform

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