Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand - 2024

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand (CIF) - 2024
  2. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand
  4. Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand (CIF) - 2024

In September 2023, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $75,007 per ton, picking up by 58% against the previous month. Overall, the import price saw a resilient expansion. The most prominent rate of growth was recorded in June 2023 an increase of 162% m-o-m. As a result, import price reached the peak level of $143K per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($139K per ton), while the price for China ($33,895 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), 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 Thailand (FOB) - 2022

The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $3,289 per ton in 2022, dropping by -65.6% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 314%. As a result, the export price reached the peak level of $46,899 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($7,889 per ton), while the average price for exports to Vietnam totaled $3,246 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+299.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand

After two years of decline, overseas purchases of nickel; bars, rods and profiles, of nickel alloyses increased by 109% to 127 tons in 2022. Overall, imports, however, saw a deep setback.

In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $5M in 2022. In general, imports, however, recorded a noticeable contraction.

Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom2,5318071,2172,239-4.0%
United States1,7381,4594071,322-8.7%
AustriaN/AN/A12.34153274.0%
Japan63.796.011440585.3%
China11245.810529137.5%
Germany1,128251213193-44.5%
South KoreaN/AN/A0.993.610300.0%
France80.117.6N/A0.4-82.9%
Others12317.294.041.3-30.5%
Total5,7762,6942,1645,000-4.7%

Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Thailand in 2022:

  1. United Kingdom (64.1 tons)
  2. United States (30.3 tons)
  3. Austria (10.3 tons)
  4. China (8.0 tons)
  5. Japan (7.8 tons)
  6. Germany (3.1 tons)
  7. South Korea (2.2 tons)

Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand

In 2022, the amount of nickel; bars, rods and profiles, of nickel alloyses exported from Thailand skyrocketed to 964 kg, jumping by 76% against 2021. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 872%. As a result, the exports attained the peak of 12 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses shrank markedly to $3.2K in 2022. In general, exports, however, saw a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 3,923%. As a result, the exports reached the peak of $574K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam11.213.64.93.1-34.8%
United KingdomN/A307N/AN/A0%
United StatesN/A253N/AN/A0%
Others3.0N/A0.40.1-67.8%
Total14.35745.23.2-39.3%

Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Thailand in 2022:

  1. Vietnam (955.0 kg)

Source: IndexBox Market Intelligence Platform

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