Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore - 2023
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore (CIF) - 2022
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore (FOB) - 2022
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore
- Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore (CIF) - 2022
The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $16,876 per ton in 2022, picking up by 27% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($25,336 per ton), while the price for Belgium ($13,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore (FOB) - 2022
The average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $12,571 per ton in 2022, falling by -10.8% against the previous year. Overall, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 79%. Over the period under review, the average export prices reached the peak figure at $23,575 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 Bangladesh ($24,097 per ton), while the average price for exports to India ($3,811 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 Belgium (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore
In 2022, overseas purchases of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) decreased by -46.5% to 199 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 79%. As a result, imports reached the peak of 517 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) reduced markedly to $3.4M in 2022. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 67%. As a result, imports reached the peak of $6.9M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 953 | 1,610 | 2,456 | 976 | 0.8% |
| Germany | 1,853 | 2,159 | 1,059 | 780 | -25.1% |
| Belgium | 135 | 203 | 735 | 609 | 65.2% |
| China | 284 | 102 | 496 | 390 | 11.2% |
| United States | 58.4 | 98.9 | 9.1 | 291 | 70.8% |
| France | 766 | 2,656 | 128 | 187 | -37.5% |
| India | 2.9 | 12.9 | 15.9 | 102 | 227.6% |
| Others | 84.0 | 69.6 | 50.9 | 31.2 | -28.1% |
| Total | 4,136 | 6,911 | 4,950 | 3,365 | -6.6% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to Singapore in 2022:
- South Korea (59.1 tons)
- Germany (44.1 tons)
- Belgium (43.7 tons)
- China (27.2 tons)
- United States (12.3 tons)
- France (8.3 tons)
- India (4.0 tons)
Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore
In 2022, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) from Singapore soared to 101 tons, picking up by 17% compared with the previous year's figure. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 582% against the previous year. As a result, the exports attained the peak of 148 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) expanded slightly to $1.3M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 379% against the previous year. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | 8.1 | 272 | 3258.0% |
| China | 4.5 | 501 | 224 | 224 | 267.9% |
| Indonesia | 150 | 1,172 | 498 | 221 | 13.8% |
| India | N/A | N/A | N/A | 166 | 0% |
| Belgium | 7.3 | 12.6 | 132 | 121 | 155.0% |
| Brazil | N/A | N/A | N/A | 85.2 | 0% |
| Malaysia | 148 | 22.0 | 300 | 55.3 | -28.0% |
| Others | 59.3 | 60.9 | 53.4 | 125 | 28.2% |
| Total | 369 | 1,769 | 1,214 | 1,269 | 50.9% |
Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from Singapore in 2022:
- India (43.6 tons)
- Indonesia (14.7 tons)
- Bangladesh (11.3 tons)
- China (10.3 tons)
- Belgium (6.2 tons)
- Brazil (5.7 tons)
- Malaysia (4.3 tons)
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