Price for Nickel; Wire, Not Alloyed in Pakistan - 2023

Contents:

1. Price for Nickel; Wire, Not Alloyed in Pakistan (CIF) - 2022
2. Price for Nickel; Wire, Not Alloyed in Pakistan (FOB) - 2022
3. Imports of Nickel; Wire, Not Alloyed in Pakistan
4. Exports of Nickel; Wire, Not Alloyed in Pakistan

Price for Nickel; Wire, Not Alloyed in Pakistan (CIF) - 2022

In 2022, the average nickel; wire, not alloyed import price amounted to $20,903 per ton, shrinking by -1.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum at $22,766 per ton in 2012; however, from 2013 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 Arab Emirates ($39,004 per ton), while the price for India ($10,799 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced a decline.

Price for Nickel; Wire, Not Alloyed in Pakistan (FOB) - 2022

The average nickel; wire, not alloyed export price stood at $7,065 per ton in 2021, stabilizing at the previous year. In general, the export price recorded a precipitous contraction. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9%. The export price peaked at $14,705 per ton in 2019; however, from 2020 to 2021, 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 South Africa.

From 2019 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Nickel; Wire, Not Alloyed in Pakistan

In 2022, imports of nickel; wire, not alloyeds into Pakistan declined remarkably to 518 kg, with a decrease of -37.6% compared with the previous year's figure. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 305% against the previous year. As a result, imports attained the peak of 830 kg, and then fell markedly in the following year.

In value terms, nickel; wire, not alloyed imports declined notably to $11K in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 338% against the previous year. As a result, imports reached the peak of $18K, and then dropped sharply in the following year.

Top Suppliers of Nickel; Wire, Not Alloyed to Pakistan in 2022:

1. China (286.0 kg)
2. India (109.0 kg)
3. United Kingdom (107.0 kg)
4. United Arab Emirates (16.0 kg)

Exports of Nickel; Wire, Not Alloyed in Pakistan

In 2021, exports of nickel; wire, not alloyeds from Pakistan was estimated at 1.5 tons, approximately mirroring the year before. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, nickel; wire, not alloyed exports stood at $11K in 2021. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Top Export Markets for Nickel; Wire, Not Alloyed from Pakistan in 2022:

1. South Africa (1.5 tons)

Source: IndexBox Market Intelligence Platform