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

Contents:

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

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

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $22,716 per ton in 2021, reducing by -27.5% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 35%. Over the period under review, the average export prices hit record highs at $37,044 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($174,310 per ton), while the average price for exports to Pakistan ($266 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+129.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2021, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $39,850 per ton, picking up by 356% against the previous year. Over the period under review, the import price continues to indicate a mild expansion. The import price peaked at $42,669 per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($134,767 per ton), while the price for India ($7,898 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+45.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 29 tons of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Saudi Arabia; increasing by 26% against 2021 figures. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, the exports reached the peak of 39 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 reduced dramatically to $383K in 2022. In general, exports, however, showed a precipitous slump. The growth pace was the most rapid in 2020 when exports increased by 61%. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. India (91.3 tons)
2. Pakistan (2.5 tons)
3. United Arab Emirates (1.8 tons)
4. Kuwait (1.5 tons)

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

In 2021, after two years of growth, there was significant decline in overseas purchases of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s, when their volume decreased by -94.2% to 307 tons. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 147% against the previous year. As a result, imports attained the peak of 5.3K tons, and then fell dramatically in the following year.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s fell markedly to $12M in 2021. In general, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, imports reached the peak of $46M, and then contracted remarkably in the following year.

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

1. China (87.2 tons)
2. United States (60.3 tons)
3. India (40.2 tons)
4. United Kingdom (31.5 tons)
5. Singapore (27.3 tons)
6. South Korea (14.5 tons)
7. Italy (8.2 tons)
8. Germany (2.5 tons)

Source: IndexBox Market Intelligence Platform