Price for Nickel; Unwrought, Not Alloyed in the United Arab Emirates - 2021
Contents:
- Price for Nickel; Unwrought, Not Alloyed in the United Arab Emirates (FOB) - 2022
- Price for Nickel; Unwrought, Not Alloyed in the United Arab Emirates (CIF) - 2022
- Exports of Nickel; Unwrought, Not Alloyed in the United Arab Emirates
- Imports of Nickel; Unwrought, Not Alloyed in the United Arab Emirates
Price for Nickel; Unwrought, Not Alloyed in the United Arab Emirates (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $22,175 per ton, jumping by 20% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; unwrought, not alloyed export price increased by +121.0% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($23,378 per ton) and the Netherlands ($23,256 per ton), while the average price for exports to China ($21,302 per ton) and Saudi Arabia ($23,170 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in the United Arab Emirates (CIF) - 2022
The average nickel; unwrought, not alloyed import price stood at $23,088 per ton in 2022, surging by 39% against the previous year. In general, the import price continues to indicate modest growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($25,164 per ton), while the price for Singapore ($15,449 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+55.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Unwrought, Not Alloyed in the United Arab Emirates
In 2022, approx. 8.5K tons of nickel; unwrought, not alloyeds were exported from the United Arab Emirates; picking up by 134% on the previous year's figure. In general, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 639%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, nickel; unwrought, not alloyed exports skyrocketed to $188M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 832%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Nickel; Unwrought, Not Alloyed in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 101 | 0% |
| India | 6.4 | 7.1 | 66.6 | 59.2 | 109.9% |
| Netherlands | N/A | N/A | N/A | 19.9 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 3.4 | 0% |
| Malaysia | 38.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | N/A | N/A | 4.4 | 94.3% |
| Total | 45.6 | 7.1 | 66.7 | 188 | 60.3% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from the United Arab Emirates in 2022:
- China (4.7K tons)
- India (2.5K tons)
- Netherlands (0.9K tons)
- Saudi Arabia (0.1K tons)
Imports of Nickel; Unwrought, Not Alloyed in the United Arab Emirates
In 2022, purchases abroad of nickel; unwrought, not alloyeds decreased by -69.5% to 2.4K tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 389% against the previous year. As a result, imports reached the peak of 9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nickel; unwrought, not alloyed imports dropped markedly to $54M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 430%.
| Import of Nickel; Unwrought, Not Alloyed in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.2 | N/A | N/A | 33.1 | 202.1% |
| Malaysia | 4.0 | 57.6 | 15.2 | 12.6 | 46.6% |
| Australia | N/A | N/A | N/A | 5.8 | 0% |
| United Kingdom | 0.7 | 7.8 | N/A | 1.2 | 19.7% |
| India | 0.5 | 0.1 | 0.9 | 1.1 | 30.1% |
| Singapore | N/A | 15.8 | 31.8 | 0.2 | -88.7% |
| Netherlands | 5.1 | 6.4 | 9.6 | N/A | 37.2% |
| Taiwan (Chinese) | 3.7 | 24.4 | 10.7 | N/A | 70.1% |
| Others | 8.9 | 14.7 | 60.1 | 0.5 | -61.7% |
| Total | 23.9 | 127 | 128 | 54.5 | 31.6% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to the United Arab Emirates in 2022:
- Russia (1455.3 tons)
- Malaysia (499.7 tons)
- Australia (250.6 tons)
- India (59.3 tons)
- United Kingdom (46.4 tons)
- Singapore (11.2 tons)
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This report provides an in-depth analysis of the nickel market in the United Arab Emirates.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in the United Arab Emirates.
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This report provides an in-depth analysis of the nickel market in the United Arab Emirates.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
819
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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