Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain - 2022

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain (CIF) - 2022
  2. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain
  4. Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain (CIF) - 2022

In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $17,930 per ton, growing by 47% against the previous year. Overall, the import price recorded prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 312% against the previous year. Over the period under review, average import prices hit record highs at $37,026 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($19,570 per ton), while the price for the United States totaled $6,214 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+119.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain (FOB) - 2022

In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $17,000 per ton, surging by 5.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $17,730 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -0.4% per year.

Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain

In 2022, approx. 114 kg of nickel; bars, rods and profiles, not alloyeds were imported into Bahrain; with a decrease of -5% against 2021 figures. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 216%. As a result, imports attained the peak of 120 kg, and then fell in the following year.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds surged to $2K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain (USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3074608911,95785.4%
United States25713311987.0-30.3%
China12281.083.0N/A-17.5%
United Kingdom605N/AN/AN/A0%
Czech RepublicN/A733N/AN/A0%
Saudi ArabiaN/AN/A366N/A0%
OthersN/AN/AN/AN/A0%
Total1,2911,4071,4592,04416.6%

Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Bahrain in 2022:

  1. India (100.0 kg)
  2. United States (14.0 kg)

Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain

After three years of growth, shipments abroad of nickel; bars, rods and profiles, not alloyeds decreased by 99.9% to 5 kg in 2022. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of 447 tons, and then plummeted in the following year.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds declined significantly to $85 in 2022. Overall, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of $7.2M, and then fell rapidly in the following year.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Bahrain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia5.06.07.2N/A20.0%
OthersN/AN/AN/AN/A0%
Total5.06.07.2N/A20.0%

Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Bahrain in 2022:

  1. Saudi Arabia (5.0 kg)

Source: IndexBox Market Intelligence Platform

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