Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines (CIF) - 2022
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $28,679 per ton in 2022, growing by 23% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 66%. The import price peaked at $37,483 per ton in 2020; however, from 2021 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 the UK ($57,385 per ton), while the price for South Korea ($7,306 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+47.2%), 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 the Philippines (FOB) - 2022
In 2022, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $90,000 per ton, waning by -65% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 6,353% against the previous year. The export price peaked at $585,000 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +10.9% per year.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines
Imports of nickel; bars, rods and profiles, of nickel alloyses into the Philippines skyrocketed to 28 tons in 2022, increasing by 147% on 2021. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $790K in 2022. Over the period under review, imports enjoyed a significant increase. 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 54.3 | N/A | 168 | 745 | 139.4% |
| United States | 0.3 | 16.2 | 13.9 | 32.9 | 378.7% |
| United Kingdom | 139 | 144 | 15.7 | 4.5 | -68.1% |
| Others | 29.9 | 15.3 | 63.8 | 7.7 | -36.4% |
| Total | 223 | 176 | 261 | 790 | 52.4% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to the Philippines in 2022:
- Malaysia (26.4 tons)
- United States (0.8 tons)
- United Kingdom (0.1 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of nickel; bars, rods and profiles, of nickel alloyses, when their volume decreased by -99.4% to 10 kg. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, the exports attained the peak of 1.8 tons, and then fell markedly in the following year.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses dropped rapidly to $900 in 2022. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $456K, and then contracted significantly in the following year.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.9 | 0% |
| Germany | 37.3 | 12.2 | 48.1 | N/A | 13.6% |
| United Kingdom | 243 | 276 | 408 | N/A | 29.6% |
| Others | 0.5 | 3.6 | 0.1 | N/A | -55.3% |
| Total | 281 | 291 | 456 | 0.9 | -85.3% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from the Philippines in 2022:
- United States (10.0 kg)
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