Price for Nickel; Wire, of Nickel Alloys in Thailand - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Thailand (CIF) - 2023
- Price for Nickel; Wire, of Nickel Alloys in Thailand (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Thailand
- Exports of Nickel; Wire, of Nickel Alloys in Thailand
Price for Nickel; Wire, of Nickel Alloys in Thailand (CIF) - 2023
In September 2023, the average import price for nickel; wire, of nickel alloyses amounted to $29,797 per ton, with a decrease of -28.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 30% against the previous month. The import price peaked at $59,166 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($75,152 per ton), while the price for France ($21,189 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Thailand (FOB) - 2022
The average export price for nickel; wire, of nickel alloyses stood at $29,333 per ton in 2022, declining by -47.5% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of 196% against the previous year. Over the period under review, the average export prices reached the peak figure at $59,000 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($137,076 per ton), while the average price for exports to Lao People's Democratic Republic ($4,571 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 India (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in Thailand
After three years of growth, supplies from abroad of nickel; wire, of nickel alloyses decreased by -2.9% to 373 tons in 2022. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year.
In value terms, nickel; wire, of nickel alloys imports fell to $12M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25%.
| Import of Nickel; Wire, of Nickel Alloys in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 2.9 | 4.1 | 4.2 | 17.3% |
| Japan | 4.3 | 6.3 | 5.2 | 4.1 | -1.6% |
| India | 1.0 | 0.8 | 1.2 | 1.5 | 14.5% |
| Austria | 0.1 | 0.3 | 0.4 | 0.8 | 100.0% |
| China | 0.2 | 0.4 | 1.0 | 0.7 | 51.8% |
| Others | 1.0 | 0.7 | 0.5 | 0.6 | -15.7% |
| Total | 9.1 | 11.4 | 12.4 | 11.9 | 9.4% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Thailand in 2022:
- Germany (152.0 tons)
- India (72.5 tons)
- Japan (63.3 tons)
- Austria (42.5 tons)
- China (24.5 tons)
Exports of Nickel; Wire, of Nickel Alloys in Thailand
Nickel; wire, of nickel alloys exports from Thailand soared to 4 tons in 2022, picking up by 56% compared with the year before. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 229% against the previous year. As a result, the exports reached the peak of 4.8 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, nickel; wire, of nickel alloys exports dropped significantly to $116K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 123%.
| Export of Nickel; Wire, of Nickel Alloys in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 15.0 | 31.3 | 39.3 | 35.2 | 32.9% |
| South Korea | 3.0 | 41.7 | N/A | 33.0 | 122.4% |
| Philippines | 8.5 | 1.1 | 16.8 | 13.2 | 15.8% |
| United States | 2.1 | N/A | N/A | 12.5 | 81.2% |
| Costa Rica | 4.3 | 9.8 | 11.2 | 9.4 | 29.8% |
| Japan | 0.5 | 1.8 | 21.2 | 4.1 | 101.7% |
| Lao People's Democratic Republic | 1.3 | N/A | 2.1 | 1.4 | 2.5% |
| Germany | N/A | 4.5 | N/A | N/A | 0% |
| Others | 5.7 | 0.2 | 50.9 | 7.2 | 8.1% |
| Total | 40.5 | 90.4 | 142 | 116 | 42.0% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Thailand in 2022:
- South Korea (1370.0 kg)
- United States (1300.0 kg)
- Malaysia (484.0 kg)
- Lao People's Democratic Republic (307.0 kg)
- Philippines (181.0 kg)
- Costa Rica (131.0 kg)
- Japan (119.0 kg)
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