Price for Nickel; Waste and Scrap in Thailand - 2023

Contents:

1. Price for Nickel; Waste and Scrap in Thailand (FOB) - 2022
2. Price for Nickel; Waste and Scrap in Thailand (CIF) - 2022
3. Exports of Nickel; Waste and Scrap in Thailand
4. Imports of Nickel; Waste and Scrap in Thailand

Price for Nickel; Waste and Scrap in Thailand (FOB) - 2022

In 2022, the average nickel; waste and scrap export price amounted to $6,028 per ton, growing by 4.1% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; waste and scrap export price increased by +29.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure at $6,155 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($12,213 per ton), while the average price for exports to Singapore ($3,196 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 South Korea (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Waste and Scrap in Thailand (CIF) - 2022

In 2022, the average nickel; waste and scrap import price amounted to $8,800 per ton, reducing by -29.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 240% against the previous year. Over the period under review, average import prices reached the peak figure at $14,419 per ton in 2012; however, from 2013 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 Japan ($29,322 per ton), while the price for Malaysia ($3,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Waste and Scrap in Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; waste and scraps, when their volume decreased by -16.3% to 703 tons. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 74% against the previous year.

In value terms, nickel; waste and scrap exports shrank to $4.2M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.

Top Export Markets for Nickel; Waste and Scrap from Thailand in 2022:

1. Japan (263.1 tons)
2. Singapore (123.0 tons)
3. Malaysia (102.0 tons)
4. Hong Kong SAR (66.5 tons)
5. Taiwan (Chinese) (50.2 tons)
6. South Korea (43.5 tons)
7. Belgium (23.3 tons)
8. Germany (19.9 tons)

Imports of Nickel; Waste and Scrap in Thailand

In 2022, imports of nickel; waste and scraps into Thailand surged to 828 tons, increasing by 241% on the year before. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel; waste and scrap imports surged to $7.3M in 2022. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Waste and Scrap to Thailand in 2022:

1. Malaysia (undefined tons)
2. Germany (469.1 tons)
3. India (231.0 tons)
4. Japan (68.4 tons)
5. Bangladesh (24.0 tons)
6. Philippines (12.5 tons)
7. Australia (11.2 tons)

Source: IndexBox Market Intelligence Platform