Price for Nickel; Wire, of Nickel Alloys in Pakistan - 2022

Contents:

  1. Price for Nickel; Wire, of Nickel Alloys in Pakistan (CIF) - 2022
  2. Price for Nickel; Wire, of Nickel Alloys in Pakistan (FOB) - 2022
  3. Imports of Nickel; Wire, of Nickel Alloys in Pakistan
  4. Exports of Nickel; Wire, of Nickel Alloys in Pakistan

Price for Nickel; Wire, of Nickel Alloys in Pakistan (CIF) - 2022

In 2022, the average import price for nickel; wire, of nickel alloyses amounted to $13,377 per ton, surging by 3.5% against the previous year. In general, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $23,638 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($28,899 per ton), while the price for India ($11,105 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Nickel; Wire, of Nickel Alloys in Pakistan (FOB) - 2022

In 2020, the average export price for nickel; wire, of nickel alloyses amounted to $34,560 per ton, rising by 19% against the previous year. Over the period under review, the export price, however, recorded a deep slump. Over the period under review, the average export prices hit record highs at $52,250 per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2016 to 2020, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Nickel; Wire, of Nickel Alloys in Pakistan

Nickel; wire, of nickel alloys imports into Pakistan dropped markedly to 17 tons in 2022, with a decrease of -32% on 2021. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by 177% against the previous year. As a result, imports attained the peak of 25 tons, and then contracted notably in the following year.

In value terms, nickel; wire, of nickel alloys imports plummeted to $224K in 2022. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 145%. As a result, imports reached the peak of $318K, and then shrank significantly in the following year.

Import of Nickel; Wire, of Nickel Alloys in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17.638.813910883.1%
India81.740.364.348.9-15.7%
Sweden52.228.851.243.4-6.0%
United States7.76.210.27.90.9%
Taiwan (Chinese)13.55.89.57.7-17.1%
United Kingdom11.12.71.03.7-30.7%
KuwaitN/AN/A33.2N/A0%
Singapore10.7N/AN/AN/A0%
Others44.07.39.84.2-54.3%
Total238130318224-2.0%

Top Suppliers of Nickel; Wire, of Nickel Alloys to Pakistan in 2022:

  1. China (9.7 tons)
  2. India (4.4 tons)
  3. Sweden (1.5 tons)
  4. Taiwan (Chinese) (0.5 tons)
  5. United States (0.2 tons)
  6. United Kingdom (0.2 tons)

Exports of Nickel; Wire, of Nickel Alloys in Pakistan

In 2020, nickel; wire, of nickel alloys exports from Pakistan shrank remarkably to 25 kg, reducing by -19.4% compared with the year before. In general, exports showed a abrupt slump.

In value terms, nickel; wire, of nickel alloys exports shrank slightly to $864 in 2020. Overall, exports saw a pronounced shrinkage.

Export of Nickel; Wire, of Nickel Alloys in Pakistan (USD)
COUNTRY20192020CAGR,
2019-2020
SingaporeN/A8610%
Norway120N/A0%
Others7823.0-99.6%
Total902864-4.2%

Top Export Markets for Nickel; Wire, of Nickel Alloys from Pakistan in 2022:

  1. Singapore (25.0 kg)

Source: IndexBox Market Intelligence Platform

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