Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $136,650 per ton, picking up by 106% against the previous year. In general, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 169%. As a result, import price reached the peak level of $146,822 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 ($308,596 per ton), while the price for China ($64,356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore (FOB) - 2022
The average export price for nickel; bars, rods and profiles, not alloyeds stood at $38,258 per ton in 2022, increasing by 11% against the previous year. Over the period under review, the export price showed resilient growth. The growth pace was the most rapid in 2018 when the average export price increased by 344% against the previous year. The export price peaked at $40,159 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($117,736 per ton), while the average price for exports to Indonesia ($20,864 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 Malaysia (+27.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore
For the third consecutive year, Singapore recorded decline in supplies from abroad of nickel; bars, rods and profiles, not alloyeds, which decreased by -48.1% to 2 tons in 2022. In general, imports saw a dramatic descent. The smallest decline of -24.9% was in 2020.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds expanded significantly to $274K in 2022. Over the period under review, imports recorded a precipitous slump.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 546 | 463 | 149 | 180 | -30.9% |
| India | 84.5 | N/A | 3.9 | 89.7 | 2.0% |
| China | 32.1 | N/A | N/A | 2.9 | -55.1% |
| South Korea | 218 | N/A | N/A | N/A | 0% |
| Malaysia | 104 | 368 | 103 | N/A | -0.5% |
| United Kingdom | 57.5 | 22.9 | 0.5 | N/A | -90.7% |
| Brazil | 42.0 | N/A | N/A | N/A | 0% |
| Others | 23.6 | 3.6 | 0.4 | 0.9 | -66.3% |
| Total | 1,108 | 857 | 256 | 274 | -37.2% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Singapore in 2022:
- India (1357.0 kg)
- United States (584.0 kg)
- China (45.0 kg)
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore
For the third year in a row, Singapore recorded decline in overseas shipments of nickel; bars, rods and profiles, not alloyeds, which decreased by -28.6% to 2.7 tons in 2022. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -10.1% was in 2020.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds plummeted to $102K in 2022. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, the exports attained the peak of $379K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 213 | 353 | 103 | 73.4 | -29.9% |
| Malaysia | 59.6 | 2.3 | 23.8 | 24.5 | -25.6% |
| Indonesia | 9.9 | 16.1 | N/A | 4.1 | -25.5% |
| Canada | 1.2 | N/A | N/A | N/A | 0% |
| Others | 6.2 | 7.4 | 2.7 | N/A | -34.0% |
| Total | 290 | 379 | 129 | 102 | -29.4% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Singapore in 2022:
- China (2260.0 kg)
- Malaysia (208.0 kg)
- Indonesia (198.0 kg)
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