Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Japan - 2023

Contents:

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

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

In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $31,712 per ton, growing by 18% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The growth pace was the most rapid in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the peak figure at $46,630 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($215,422 per ton), while the price for Germany ($27,992 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 (+12.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for nickel; bars, rods and profiles, not alloyeds stood at $40,359 per ton in 2022, remaining stable against the previous year. Overall, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 359% against the previous year. As a result, the export price attained the peak level of $176,391 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($83,206 per ton), while the average price for exports to Vietnam ($28,645 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 India (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of nickel; bars, rods and profiles, not alloyeds into Japan skyrocketed to 30 tons, increasing by 59% against the previous year's figure. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $963K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy54.928265.1503109.2%
Taiwan (Chinese)N/AN/AN/A2500%
Germany249241419191-8.5%
China79.138.43.34.7-61.0%
Others36.717.222.913.8-27.8%
Total42057951196331.9%

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

  1. Italy (16.4 tons)
  2. Taiwan (Chinese) (7.0 tons)
  3. Germany (6.8 tons)

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

For the fourth consecutive year, Japan recorded growth in overseas shipments of nickel; bars, rods and profiles, not alloyeds, which increased by 872% to 20 tons in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds soared to $802K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/A4.03799375.0%
China10.5N/A23.8229179.4%
Vietnam6.122.238.388.8144.2%
South Korea33.52.17.611.2-30.6%
Others25.225.39.393.855.0%
Total75.349.683.0802120.0%

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

  1. United States (13.0 tons)
  2. Vietnam (3.1 tons)
  3. China (3.0 tons)
  4. South Korea (0.2 tons)

Source: IndexBox Market Intelligence Platform

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