Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea (CIF) - 2022
In December 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $41,669 per ton, waning by -7.8% against the previous month. Overall, import price indicated slight growth from December 2021 to December 2022: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for nickel; bars, rods and profiles, of nickel alloyses decreased by -25.4% against October 2022 indices. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 32% against the previous month. The import price peaked at $55,877 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were the United States ($52,707 per ton) and Austria ($52,650 per ton), while the price for Japan ($35,974 per ton) and France ($37,005 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), 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 South Korea (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $44,868 per ton in 2022, increasing by 45% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. The pace of growth was the most pronounced in 2015 an increase of 161%. Over the period under review, the average export prices reached the peak figure at $204,646 per ton in 2016; however, from 2017 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 Japan ($86,639 per ton), while the average price for exports to India ($10,395 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 China (+19.0%), 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 South Korea
In 2022, overseas purchases of nickel; bars, rods and profiles, of nickel alloyses increased by 28% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep reduction.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $43M in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.3 | 9.3 | 8.0 | 16.3 | 13.0% |
| Japan | 12.1 | 11.7 | 5.0 | 9.7 | -7.1% |
| United States | 6.3 | 7.0 | 6.2 | 7.1 | 4.1% |
| Germany | 5.1 | 4.8 | 2.9 | 3.5 | -11.8% |
| Austria | 1.0 | 0.7 | 0.7 | 2.4 | 33.9% |
| France | 2.5 | 2.4 | 2.5 | 1.6 | -13.8% |
| Italy | 1.3 | 0.7 | 1.2 | 1.4 | 2.5% |
| Others | 2.2 | 0.8 | 1.7 | 0.7 | -31.7% |
| Total | 41.8 | 37.4 | 28.3 | 42.8 | 0.8% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to South Korea in 2022:
- China (430.0 tons)
- Japan (263.4 tons)
- United States (126.2 tons)
- Germany (75.1 tons)
- Austria (65.5 tons)
- France (59.9 tons)
- Italy (36.1 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea
In 2022, approx. 103 tons of nickel; bars, rods and profiles, of nickel alloyses were exported from South Korea; increasing by 299% on 2021. Overall, exports continue to indicate significant growth. As a result, the exports attained 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 surged to $4.6M in 2022. In general, exports, however, saw a relatively flat trend pattern.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 350 | 299 | 73.8 | 1,937 | 76.9% |
| Japan | 4,045 | 7,728 | 224 | 1,704 | -25.0% |
| India | 58.8 | 265 | 76.8 | 236 | 58.9% |
| Germany | N/A | 0.3 | N/A | 172 | 2294.4% |
| China | 70.7 | 190 | 142 | 112 | 16.6% |
| Thailand | 1.9 | N/A | N/A | 90.2 | 262.1% |
| Vietnam | 31.2 | 31.5 | 99.8 | 82.5 | 38.3% |
| Australia | 32.9 | 10.0 | 14.7 | 4.6 | -48.1% |
| Others | 53.8 | 129 | 165 | 269 | 71.0% |
| Total | 4,644 | 8,654 | 797 | 4,607 | -0.3% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from South Korea in 2022:
- United States (44.7 tons)
- India (22.7 tons)
- Japan (19.7 tons)
- Germany (3.7 tons)
- China (2.8 tons)
- Vietnam (2.0 tons)
- Thailand (2.0 tons)
- Australia (0.8 tons)
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