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

Contents:

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

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

The average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $41,567 per ton in 2022, picking up by 33% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices hit record highs at $93,128 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 United States ($115,620 per ton), while the price for France ($19,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), 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 South Korea (FOB) - 2022

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $21,178 per ton in 2022, reducing by -5.8% against the previous year. In general, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 when the average export price increased by 166% against the previous year. The export price peaked at $48,678 per ton in 2017; however, from 2018 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 Saudi Arabia ($81,118 per ton), while the average price for exports to Argentina ($2,606 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.3%), 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 South Korea

Imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s into South Korea declined markedly to 816 tons in 2022, which is down by -17.4% on the previous year. Over the period under review, imports showed a deep reduction. The smallest decline of -9.8% was in 2021.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s rose markedly to $34M in 2022. In general, imports saw a deep contraction.

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

1. United Kingdom (220.9 tons)
2. China (206.5 tons)
3. Japan (187.9 tons)
4. United States (96.1 tons)
5. Italy (31.3 tons)
6. France (27.1 tons)
7. India (21.3 tons)

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

Exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s from South Korea shrank significantly to 249 tons in 2022, which is down by -26.4% compared with 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 20%. As a result, the exports reached the peak of 338 tons, and then shrank dramatically in the following year.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s fell rapidly to $5.3M in 2022. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.3% against the previous year.

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

1. India (107.8 tons)
2. Vietnam (26.2 tons)
3. Indonesia (25.1 tons)
4. United Arab Emirates (15.1 tons)
5. Italy (12.2 tons)
6. Argentina (11.7 tons)
7. Saudi Arabia (5.4 tons)
8. Netherlands (5.1 tons)
9. Thailand (5.0 tons)
10. Russia (5.0 tons)
11. United States (4.8 tons)
12. Bahrain (4.0 tons)
13. Kuwait (3.9 tons)

Source: IndexBox Market Intelligence Platform