Nickel; Unwrought, Alloys Price in Hong Kong SAR - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Hong Kong SAR (FOB) - 2022
- Nickel; Unwrought, Alloys Price in Hong Kong SAR (CIF) - 2022
- Nickel; Unwrought, Alloys Exports in Hong Kong SAR
- Nickel; Unwrought, Alloys Imports in Hong Kong SAR
Nickel; Unwrought, Alloys Price in Hong Kong SAR (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $47,756 per ton, with an increase of 146% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($74,353 per ton), while the average price for exports to China totaled $18,410 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%).
Nickel; Unwrought, Alloys Price in Hong Kong SAR (CIF) - 2022
The average nickel; unwrought, alloys import price stood at $31,522 per ton in 2022, surging by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. Over the period under review, average import prices reached the peak figure at $36,846 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Canada ($103,388 per ton), while the price for China amounted to $23,068 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+14.5%), while the prices for the other major suppliers experienced a decline.
Nickel; Unwrought, Alloys Exports in Hong Kong SAR
In 2022, approx. 631 kg of nickel; unwrought, alloyses were exported from Hong Kong SAR; which is down by -96% compared with 2021 figures. Overall, exports saw a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 61%. As a result, the exports reached the peak of 16 tons, and then declined markedly in the following year.
In value terms, nickel; unwrought, alloys exports fell remarkably to $30K in 2022. In general, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 99%. As a result, the exports reached the peak of $310K, and then fell significantly in the following year.
| Export of Nickel; Unwrought, Alloys in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 24.6 | 0% |
| China | 283 | 156 | 310 | 5.5 | -73.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 283 | 156 | 310 | 30.1 | -52.6% |
Top Export Markets for Nickel; Unwrought, Alloys from Hong Kong SAR in 2022:
- Vietnam (331.0 kg)
- China (300.0 kg)
Nickel; Unwrought, Alloys Imports in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas purchases of nickel; unwrought, alloyses, when their volume increased by 78% to 760 kg. Overall, imports, however, recorded a significant decline.
In value terms, nickel; unwrought, alloys imports soared to $24K in 2022. Over the period under review, imports, however, saw a dramatic shrinkage.
| Import of Nickel; Unwrought, Alloys in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 15.7 | 0% |
| Canada | N/A | N/A | N/A | 8.3 | 0% |
| United States | 190 | 19.7 | 9.7 | N/A | -77.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 190 | 19.7 | 9.7 | 24.0 | -49.8% |
Top Suppliers of Nickel; Unwrought, Alloys to Hong Kong SAR in 2022:
- China (680.0 kg)
- Canada (80.0 kg)
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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The growth rate for Nickel was the most rapid in January 2023, increasing by 761% month-to-month. In terms of value, Nickel exports sharply declined to $489K in September 2023.
278
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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The growth rate for Nickel was the most rapid in January 2023, increasing by 761% month-to-month. In terms of value, Nickel exports sharply declined to $489K in September 2023.
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
278
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1220
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
