Price for Nickel; Wire, of Nickel Alloys in Japan - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Japan (FOB) - 2023
- Price for Nickel; Wire, of Nickel Alloys in Japan (CIF) - 2023
- Exports of Nickel; Wire, of Nickel Alloys in Japan
- Imports of Nickel; Wire, of Nickel Alloys in Japan
Price for Nickel; Wire, of Nickel Alloys in Japan (FOB) - 2023
The average export price for nickel; wire, of nickel alloyses stood at $72,450 per ton in July 2023, approximately reflecting the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 21% against the previous month. As a result, the export price reached the peak level of $92,567 per ton. From December 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($245K per ton), while the average price for exports to South Korea ($44,729 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Japan (CIF) - 2023
In July 2023, the average import price for nickel; wire, of nickel alloyses amounted to $41,142 per ton, reducing by -5.3% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 36% month-to-month. As a result, import price reached the peak level of $59,939 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($200K per ton), while the price for India ($21,628 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Wire, of Nickel Alloys in Japan
In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; wire, of nickel alloyses, when their volume decreased by -5.3% to 2.7K tons. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 269% against the previous year.
In value terms, nickel; wire, of nickel alloys exports shrank to $96M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 197%.
| Export of Nickel; Wire, of Nickel Alloys in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 21.1 | 19.9 | 18.4 | 40.7% |
| Thailand | 3.4 | 16.4 | 14.7 | 13.1 | 56.8% |
| Indonesia | 3.0 | 10.6 | 7.4 | 8.1 | 39.2% |
| Taiwan (Chinese) | 1.1 | 4.1 | 8.3 | 7.4 | 88.8% |
| China | 2.5 | 6.1 | 6.9 | 6.2 | 35.4% |
| South Korea | 3.3 | 3.9 | 6.3 | 6.2 | 23.4% |
| Brazil | 1.0 | 4.4 | 5.5 | 4.9 | 69.8% |
| Germany | 1.2 | 3.1 | 5.3 | 4.7 | 57.6% |
| Vietnam | 1.0 | 2.9 | 4.3 | 3.9 | 57.4% |
| India | 2.6 | 0.4 | 0.4 | 2.8 | 2.5% |
| Others | 5.2 | 18.4 | 22.6 | 20.7 | 58.5% |
| Total | 30.7 | 91.2 | 102 | 96.4 | 46.4% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Japan in 2022:
- Thailand (442.5 tons)
- Indonesia (400.7 tons)
- Brazil (268.9 tons)
- Taiwan (Chinese) (233.1 tons)
- India (231.0 tons)
- South Korea (223.0 tons)
- China (199.1 tons)
- United States (184.8 tons)
- Vietnam (116.3 tons)
- Germany (90.8 tons)
Imports of Nickel; Wire, of Nickel Alloys in Japan
In 2022, imports of nickel; wire, of nickel alloyses into Japan shrank to 632 tons, dropping by -14.4% against the previous year's figure. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of 739 tons, and then dropped in the following year.
In value terms, nickel; wire, of nickel alloys imports reduced to $20M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports attained the peak of $22M, and then contracted in the following year.
| Import of Nickel; Wire, of Nickel Alloys in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.7 | 6.7 | 10.4 | 8.4 | 2.9% |
| Philippines | 1.8 | 1.6 | 2.8 | 2.2 | 6.9% |
| United States | 2.3 | 2.2 | 1.4 | 2.0 | -4.6% |
| Mexico | 1.9 | 2.4 | 1.0 | 1.8 | -1.8% |
| South Korea | 1.4 | 1.5 | 2.2 | 1.8 | 8.7% |
| France | 1.4 | 1.7 | 1.6 | 1.5 | 2.3% |
| Sweden | 1.0 | 1.0 | 1.4 | 1.1 | 3.2% |
| Others | 0.8 | 0.5 | 1.3 | 1.0 | 7.7% |
| Total | 18.4 | 17.6 | 22.1 | 19.9 | 2.6% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Japan in 2022:
- Germany (328.7 tons)
- South Korea (62.8 tons)
- France (60.4 tons)
- Philippines (58.4 tons)
- Sweden (46.1 tons)
- United States (29.8 tons)
- Mexico (18.1 tons)
385
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Japan.
589
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
1536
In value terms, nickel powders and flakes imports amounted to $X in 2016. In general, nickel powders and flakes imports continue to indicate a drastic shrinkage. Global nickel powders and flakes im...
1636
In value terms, nickel bars, rods, profiles and wire imports totaled $X in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...
840
In value terms, nickel powders and flakes exports amounted to $X in 2016. Overall, nickel powders and flakes exports continue to indicate a drastic curtailment. Over the period under review, global...
610
In value terms, nickel bars, rods, profiles and wire exports amounted to $X in 2016. In general, nickel bars, rods, profiles and wire exports continue to indicate a deep decrease. Over the period u...
