Nickel; Unwrought, Alloys Price in Thailand - 2023

Nickel; Unwrought, Alloys Price in Thailand (CIF) - 2022

In 2022, the average nickel; unwrought, alloys import price amounted to $33,645 per ton, increasing by 58% against the previous year. In general, the import price saw a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($85,883 per ton), while the price for Australia ($23,068 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Nickel; Unwrought, Alloys Price in Thailand (FOB) - 2022

The average nickel; unwrought, alloys export price stood at $4,429 per ton in 2022, dropping by -82.3% against the previous year. Over the period under review, the export price continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 58%. Over the period under review, the average export prices attained the peak figure at $93,821 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($21,000 per ton), while the average price for exports to Hong Kong SAR stood at $1,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-12.5%).

Nickel; Unwrought, Alloys Imports in Thailand

In 2022, approx. 77 tons of nickel; unwrought, alloyses were imported into Thailand; which is down by -51.9% against the previous year. Overall, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 83% against the previous year.

In value terms, nickel; unwrought, alloys imports shrank sharply to $2.6M in 2022. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 105% against the previous year.

Import of Nickel; Unwrought, Alloys in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	336	416	773	989	43.3%
Australia	451	631	1,975	602	10.1%
France	N/A	N/A	N/A	442	0%
Belgium	297	302	374	360	6.6%
United States	18.0	12.9	15.7	173	112.6%
United Kingdom	2,229	284	100	N/A	-78.8%
South Africa	438	N/A	N/A	N/A	0%
Others	13.9	14.6	164	19.2	11.4%
Total	3,784	1,660	3,403	2,585	-11.9%

Top Suppliers of Nickel; Unwrought, Alloys to Thailand in 2022:

Taiwan (Chinese) (26.5 tons)
Australia (26.1 tons)
Belgium (11.4 tons)
France (10.1 tons)
United States (2.0 tons)

Nickel; Unwrought, Alloys Exports in Thailand

Nickel; unwrought, alloys exports from Thailand dropped rapidly to 14 kg in 2022, reducing by -99.4% compared with the previous year. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2,590%. As a result, the exports reached the peak of 2.4 tons, and then fell rapidly in the following year.

In value terms, nickel; unwrought, alloys exports dropped markedly to $62 in 2022. In general, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 1,989% against the previous year. As a result, the exports attained the peak of $61K, and then plummeted in the following year.