Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $8,505 per ton, remaining stable against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods and profiles, of nickel alloyses decreased by -43.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 29%. Over the period under review, average import prices reached the peak figure at $15,057 per ton in 2019; however, from 2020 to 2022, import prices stood 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 China ($9,983 per ton), while the price for France ($5,866 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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $9,218 per ton in 2022, waning by -8.7% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2015 an increase of 141% against the previous year. The export price peaked at $17,604 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($14,829 per ton), while the average price for exports to Thailand ($807 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 the United States (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia
In 2022, imports of nickel; bars, rods and profiles, of nickel alloyses into Malaysia soared to 495 tons, with an increase of 25% compared with 2021. Overall, imports, however, showed a drastic downturn.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses surged to $4.2M in 2022. Over the period under review, imports, however, recorded a dramatic slump.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,470 | 1,282 | 705 | 1,063 | -10.2% |
| United Kingdom | 649 | 807 | 419 | 609 | -2.1% |
| Singapore | 2,672 | 523 | 238 | 582 | -39.8% |
| China | 649 | 133 | 438 | 338 | -19.5% |
| France | 13.0 | 189 | 397 | 329 | 193.6% |
| Germany | 168 | 82.1 | 452 | 287 | 19.5% |
| Italy | 2,347 | 3,716 | 345 | 174 | -58.0% |
| Australia | 1,182 | 495 | 54.3 | N/A | -78.6% |
| Others | 890 | 501 | 344 | 826 | -2.5% |
| Total | 10,040 | 7,727 | 3,391 | 4,207 | -25.2% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Malaysia in 2022:
- United States (120.2 tons)
- United Kingdom (74.9 tons)
- Singapore (71.1 tons)
- France (56.1 tons)
- China (33.9 tons)
- Germany (31.5 tons)
- Italy (26.6 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia
After three years of growth, shipments abroad of nickel; bars, rods and profiles, of nickel alloyses decreased by -87% to 50 tons in 2022. In general, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of 382 tons, and then shrank significantly in the following year.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses reduced remarkably to $459K in 2022. Over the period under review, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 9% against the previous year. As a result, the exports reached the peak of $3.9M, and then fell sharply in the following year.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 126 | 546 | 11.2 | 222 | 20.8% |
| Singapore | 2,270 | 1,977 | 3,176 | 177 | -57.3% |
| China | 546 | 213 | 321 | 31.5 | -61.4% |
| United Kingdom | N/A | 688 | 154 | 13.8 | -85.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 9.1 | 0% |
| Thailand | N/A | N/A | N/A | 1.8 | 0% |
| United Arab Emirates | 329 | 8.5 | 43.6 | N/A | -63.6% |
| Others | 45.8 | 107 | 153 | 3.9 | -56.0% |
| Total | 3,316 | 3,541 | 3,859 | 459 | -48.3% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Malaysia in 2022:
- Singapore (23.5 tons)
- United States (15.0 tons)
- China (5.3 tons)
- Thailand (2.2 tons)
- Taiwan (Chinese) (1.7 tons)
- United Kingdom (1.5 tons)
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