Nickel; Unwrought, Alloys Price in Singapore - 2022
Contents:
- Nickel; Unwrought, Alloys Price in Singapore (FOB) - 2022
- Nickel; Unwrought, Alloys Price in Singapore (CIF) - 2022
- Nickel; Unwrought, Alloys Exports in Singapore
- Nickel; Unwrought, Alloys Imports in Singapore
Nickel; Unwrought, Alloys Price in Singapore (FOB) - 2022
The average nickel; unwrought, alloys export price stood at $22,308 per ton in 2022, jumping by 79% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($22,718 per ton), while the average price for exports to Australia totaled $2,691 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in Singapore (CIF) - 2022
In 2022, the average nickel; unwrought, alloys import price amounted to $25,632 per ton, which is down by -21.8% against the previous year. Overall, the import price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 an increase of 127%. As a result, import price attained the peak level of $32,780 per ton, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($145,120 per ton), while the price for Australia ($22,051 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Exports in Singapore
In 2022, approx. 247 tons of nickel; unwrought, alloyses were exported from Singapore; shrinking by -83.6% on 2021 figures. In general, exports showed a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 439% against the previous year. As a result, the exports attained the peak of 1.5K tons, and then contracted notably in the following year.
In value terms, nickel; unwrought, alloys exports dropped dramatically to $5.5M in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 371% against the previous year. As a result, the exports attained the peak of $19M, and then shrank remarkably in the following year.
| Export of Nickel; Unwrought, Alloys in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.7 | N/A | N/A | 5.4 | 13.4% |
| China | 2.3 | 3.5 | N/A | N/A | 52.2% |
| United Arab Emirates | 0.1 | N/A | 13.3 | N/A | 1053.3% |
| Australia | 0.1 | 0.4 | 0.1 | N/A | 0.0% |
| Others | 1.2 | 0.1 | 5.4 | 0.1 | -56.3% |
| Total | 7.5 | 4.0 | 18.7 | 5.5 | -9.8% |
Top Export Markets for Nickel; Unwrought, Alloys from Singapore in 2022:
- Netherlands (238.1 tons)
- Australia (6.8 tons)
Nickel; Unwrought, Alloys Imports in Singapore
In 2022, the amount of nickel; unwrought, alloyses imported into Singapore surged to 312 tons, growing by 308% against 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 4,866% against the previous year. As a result, imports reached the peak of 7.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nickel; unwrought, alloys imports skyrocketed to $8M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,830%. As a result, imports attained the peak of $104M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Nickel; Unwrought, Alloys in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.9 | 102 | 0.9 | 6.3 | 91.3% |
| United States | 1.6 | 1.4 | 1.1 | 1.2 | -9.1% |
| South Africa | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Norway | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| Others | 0.9 | 0.4 | 0.1 | 0.1 | -51.9% |
| Total | 3.6 | 104 | 2.5 | 8.0 | 30.5% |
Top Suppliers of Nickel; Unwrought, Alloys to Singapore in 2022:
- Australia (287.9 tons)
- South Africa (9.5 tons)
- United States (8.1 tons)
- Norway (5.5 tons)
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This report provides an in-depth analysis of the nickel market in Singapore.
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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 Singapore.
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This report provides an in-depth analysis of the nickel market in Singapore.
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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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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...
906
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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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.
340
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1232
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...
906
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...
1030
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%
