Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Kuwait - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Kuwait (CIF) - 2022
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Kuwait
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Kuwait (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $34,288 per ton, declining by -30.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 85%. Over the period under review, average import prices hit record highs at $50,387 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($34,800 per ton), while the price for India stood at $34,274 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Kuwait
For the third year in a row, Kuwait recorded decline in supplies from abroad of nickel; bars, rods and profiles, not alloyeds, which decreased by -73.9% to 570 kg in 2022. In general, imports saw a sharp downturn. The smallest decline of -44.1% was in 2021.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds contracted significantly to $20K in 2022. Overall, imports recorded a precipitous contraction. The smallest decline of -45% was in 2021.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.4 | 0.1 | 0.1 | 19.0 | 262.2% |
| Germany | 5.3 | 0.5 | 0.1 | 0.5 | -54.5% |
| South Korea | 133 | 43.1 | 21.7 | N/A | -59.6% |
| Japan | 844 | 151 | 71.4 | N/A | -70.9% |
| United States | 314 | 0.5 | 8.3 | N/A | -83.7% |
| Others | 5.6 | 1.2 | 6.5 | N/A | 7.7% |
| Total | 1,303 | 197 | 108 | 19.5 | -75.4% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Kuwait in 2022:
- India (555.0 kg)
- Germany (15.0 kg)
1592
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