Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan (FOB) - 2023
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan (CIF) - 2023
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan (FOB) - 2023
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $33,285 per ton in July 2023, rising by 7.4% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices hit record highs at $35,258 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the highest price was recorded for prices to South Korea ($39,346 per ton) and Indonesia ($37,874 per ton), while the average price for exports to the United States ($27,585 per ton) and the UK ($30,327 per ton) were amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan (CIF) - 2023
In July 2023, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $45,279 per ton, picking up by 14% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 31% m-o-m. Over the period under review, average import prices attained the peak figure at $48,338 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($74,232 per ton), while the price for China ($28,819 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan
In 2022, after two years of decline, there was significant growth in shipments abroad of nickel; bars, rods and profiles, of nickel alloyses, when their volume increased by 65% to 1.7K tons. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $47M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2020 indices. 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 Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.4 | 5.6 | 4.5 | 15.1 | 26.8% |
South Korea | 8.8 | 4.5 | 11.3 | 7.2 | -6.5% |
United States | 1.2 | 6.6 | 3.1 | 7.1 | 80.9% |
United Kingdom | N/A | 1.5 | 0.9 | 5.8 | 96.6% |
India | 5.8 | 7.1 | 5.4 | 5.6 | -1.2% |
Italy | N/A | N/A | N/A | 1.1 | 0% |
Singapore | 1.9 | 0.1 | 0.4 | 0.5 | -35.9% |
Indonesia | 1.5 | 0.4 | 0.6 | 0.3 | -41.5% |
Others | 3.3 | 2.5 | 3.1 | 4.1 | 7.5% |
Total | 30.0 | 28.3 | 29.3 | 46.7 | 15.9% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Japan in 2022:
- China (600.2 tons)
- United States (260.3 tons)
- South Korea (240.7 tons)
- United Kingdom (235.2 tons)
- India (203.5 tons)
- Italy (40.2 tons)
- Singapore (13.2 tons)
- Indonesia (7.9 tons)
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan
In 2022, the amount of nickel; bars, rods and profiles, of nickel alloyses imported into Japan expanded modestly to 889 tons, increasing by 3.9% compared with the previous year's figure. In general, imports, however, showed a abrupt descent.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses surged to $42M in 2022. Over the period under review, imports, however, saw a deep downturn.
Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 48.3 | 45.1 | 18.0 | 29.7 | -15.0% |
Germany | 4.8 | 4.3 | 6.0 | 7.9 | 18.1% |
China | 0.1 | N/A | 2.2 | 2.7 | 200.0% |
Austria | 0.5 | 0.8 | 1.7 | 0.6 | 6.3% |
Taiwan (Chinese) | 1.6 | 0.9 | 0.6 | 0.1 | -60.3% |
Others | 1.5 | 1.2 | 1.8 | 1.1 | -9.8% |
Total | 56.8 | 52.3 | 30.4 | 42.0 | -9.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Japan in 2022:
- United States (525.4 tons)
- Germany (233.6 tons)
- China (86.5 tons)
- Austria (17.4 tons)
- Taiwan (Chinese) (2.9 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Japan.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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