Price for Nickel; Wire, Not Alloyed in Singapore - 2022
Contents:
- Price for Nickel; Wire, Not Alloyed in Singapore (CIF) - 2022
- Price for Nickel; Wire, Not Alloyed in Singapore (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in Singapore
- Exports of Nickel; Wire, Not Alloyed in Singapore
Price for Nickel; Wire, Not Alloyed in Singapore (CIF) - 2022
The average nickel; wire, not alloyed import price stood at $98,113 per ton in 2022, growing by 29% against the previous year. Overall, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 when the average import price increased by 166%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($234,376 per ton), while the price for the United States ($46,747 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+794.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in Singapore (FOB) - 2022
The average nickel; wire, not alloyed export price stood at $32,762 per ton in 2022, with a decrease of -15.7% against the previous year. Overall, the export price, however, posted slight growth. The growth pace was the most rapid in 2017 when the average export price increased by 109%. As a result, the export price reached the peak level of $88,853 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +20.4% per year.
Imports of Nickel; Wire, Not Alloyed in Singapore
In 2022, supplies from abroad of nickel; wire, not alloyeds was finally on the rise to reach 3.8 tons after two years of decline. Over the period under review, imports, however, faced a dramatic slump.
In value terms, nickel; wire, not alloyed imports skyrocketed to $369K in 2022. In general, imports, however, saw a drastic downturn.
| Import of Nickel; Wire, Not Alloyed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 53.2 | 30.5 | 12.1 | 214 | 59.0% |
| United States | 37.6 | 2.0 | 4.8 | 99.3 | 38.2% |
| United Kingdom | 4.0 | 7.0 | 2.0 | 29.1 | 93.8% |
| China | 3.9 | 6.2 | 1.9 | 26.9 | 90.4% |
| Sweden | 389 | N/A | N/A | N/A | 0% |
| France | 11.4 | N/A | N/A | N/A | 0% |
| India | 10.6 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 47.1 | N/A | 0% |
| Others | 4.8 | 14.0 | 11.9 | N/A | 57.5% |
| Total | 514 | 59.8 | 79.9 | 369 | -10.5% |
Top Suppliers of Nickel; Wire, Not Alloyed to Singapore in 2022:
- United States (2124.0 kg)
- Germany (914.0 kg)
- China (443.0 kg)
- United Kingdom (284.0 kg)
Exports of Nickel; Wire, Not Alloyed in Singapore
In 2022, after two years of decline, there was significant growth in shipments abroad of nickel; wire, not alloyeds, when their volume increased by 106% to 950 kg. Overall, exports, however, continue to indicate a sharp curtailment.
In value terms, nickel; wire, not alloyed exports skyrocketed to $31K in 2022. In general, exports, however, saw a sharp curtailment.
| Export of Nickel; Wire, Not Alloyed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 42.9 | 37.4 | 5.7 | 31.1 | -10.2% |
| Nigeria | N/A | 6.9 | N/A | N/A | 0% |
| Thailand | N/A | N/A | 11.1 | N/A | 0% |
| Malaysia | 80.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.1 | N/A | 0% |
| Total | 123 | 44.3 | 17.9 | 31.1 | -36.8% |
Top Export Markets for Nickel; Wire, Not Alloyed from Singapore in 2022:
- Indonesia (950.0 kg)
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