Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR (FOB) - 2023
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR (FOB) - 2023
In August 2023, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $69,113 per ton, with an increase of 26% against the previous month. In general, export price indicated moderate growth from November 2022 to August 2023: its price increased at an average monthly rate of +4.4% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, export price for nickel; bars, rods and profiles, of nickel alloyses decreased by -5.2% against June 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 39% m-o-m. As a result, the export price reached the peak level of $72,896 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($70,665 per ton), while the average price for exports to India totaled $41,299 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.6%).
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $30,451 per ton, increasing by 22% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. Over the period under review, average import prices attained the peak figure at $49,473 per ton in 2012; however, from 2013 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 the UK ($85,116 per ton), while the price for China ($18,648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR
In 2022, overseas shipments of nickel; bars, rods and profiles, of nickel alloyses were finally on the rise to reach 43 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decline.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $1.8M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, of Nickel Alloys in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,404 | 1,102 | 822 | 1,707 | 6.7% |
| India | 35.4 | 17.4 | 14.9 | 46.9 | 9.8% |
| Poland | N/A | 39.6 | 78.8 | 17.5 | -33.5% |
| Others | 3.0 | 39.2 | 33.7 | 10.8 | 53.3% |
| Total | 1,443 | 1,198 | 949 | 1,782 | 7.3% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Hong Kong SAR in 2022:
- China (41.6 tons)
- India (1.2 tons)
- Poland (0.3 tons)
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in purchases abroad of nickel; bars, rods and profiles, of nickel alloyses, when their volume increased by 36% to 30 tons. Overall, imports, however, continue to indicate a deep slump.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $914K in 2022. In general, imports, however, showed a abrupt descent.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 772 | 337 | 468 | 317 | -25.7% |
| United States | 484 | 70.2 | 51.5 | 266 | -18.1% |
| Singapore | 25.4 | 171 | N/A | 213 | 103.2% |
| United Kingdom | 6.6 | N/A | 15.1 | 60.1 | 108.8% |
| Germany | 3.0 | N/A | N/A | 52.5 | 159.6% |
| Others | 6.3 | 191 | 18.5 | 5.7 | -3.3% |
| Total | 1,298 | 769 | 553 | 914 | -11.0% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Hong Kong SAR in 2022:
- China (17.0 tons)
- Singapore (6.7 tons)
- United States (4.3 tons)
- Germany (1.2 tons)
- United Kingdom (0.7 tons)
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