Price for Nickel; Wire, of Nickel Alloys in Saudi Arabia - 2021
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Saudi Arabia (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in Saudi Arabia (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Saudi Arabia
- Exports of Nickel; Wire, of Nickel Alloys in Saudi Arabia
Price for Nickel; Wire, of Nickel Alloys in Saudi Arabia (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $24,230 per ton in 2022, picking up by 31% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 90% against the previous year. The import price peaked at $34,515 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($37,976 per ton), while the price for France ($4,953 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Wire, of Nickel Alloys in Saudi Arabia (FOB) - 2022
In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $6,476 per ton, approximately reflecting the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the maximum at $9,819 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +43.4% per year.
Imports of Nickel; Wire, of Nickel Alloys in Saudi Arabia
In 2022, imports of nickel; wire, of nickel alloyses into Saudi Arabia soared to 1K tons, with an increase of 160% on the year before. Overall, imports, however, showed a abrupt downturn.
In value terms, nickel; wire, of nickel alloys imports soared to $25M in 2022. In general, imports, however, showed a deep reduction.
| Import of Nickel; Wire, of Nickel Alloys in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 37.6 | 38.2 | 3.9 | 12.4 | -30.9% |
| United States | N/A | 1.3 | N/A | 2.5 | 38.7% |
| Germany | 1.3 | 0.3 | 0.5 | 2.1 | 17.3% |
| France | N/A | 0.5 | 0.6 | 1.6 | 78.9% |
| India | N/A | N/A | N/A | 1.0 | 0% |
| Italy | N/A | 0.7 | N/A | 0.7 | 0.0% |
| South Korea | 0.5 | N/A | N/A | 0.7 | 11.9% |
| China | N/A | N/A | 0.4 | 0.1 | -75.0% |
| Others | 1.0 | 1.1 | 1.9 | 3.7 | 54.7% |
| Total | 40.4 | 42.1 | 7.3 | 24.7 | -15.1% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Saudi Arabia in 2022:
- Switzerland (366.0 tons)
- France (327.0 tons)
- United States (65.1 tons)
- Germany (56.8 tons)
- India (40.0 tons)
- Italy (30.0 tons)
- South Korea (19.0 tons)
- China (4.4 tons)
Exports of Nickel; Wire, of Nickel Alloys in Saudi Arabia
In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; wire, of nickel alloyses, when their volume increased by 151% to 14 tons. Over the period under review, exports, however, faced a dramatic decrease.
In value terms, nickel; wire, of nickel alloys exports soared to $89K in 2022. In general, exports, however, continue to indicate a dramatic shrinkage.
| Export of Nickel; Wire, of Nickel Alloys in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 324 | 37.0 | 31.7 | 89.0 | -35.0% |
| Switzerland | N/A | 54.0 | N/A | N/A | 0% |
| Germany | N/A | 51.2 | 1.8 | N/A | -96.5% |
| United Arab Emirates | 121 | N/A | N/A | N/A | 0% |
| Others | 6.0 | 0.2 | 2.2 | N/A | -39.4% |
| Total | 450 | 142 | 35.7 | 89.0 | -41.7% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Saudi Arabia in 2022:
- India (13.7 tons)
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