Price for Nickel; Bars, Rods, Profiles and Wire in Iran - 2022

Price for Nickel; Bars, Rods, Profiles and Wire in Iran (CIF) - 2022

In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $34,815 per ton, surging by 1.5% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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, profiles and wires decreased by -2.2% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 49%. As a result, import price attained the peak level of $35,597 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($80,596 per ton), while the price for the Netherlands ($18,271 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 Arab Emirates (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods, Profiles and Wire in Iran (FOB) - 2022

In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $34,303 per ton, with an increase of 34% against the previous year. Overall, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2014 an increase of 687% against the previous year. As a result, the export price reached the peak level of $177,738 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to +3.7% per year.

Imports of Nickel; Bars, Rods, Profiles and Wire in Iran

In 2022, supplies from abroad of nickel; bars, rods, profiles and wires decreased by -46% to 78 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 165% against the previous year. As a result, imports attained the peak of 310 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of nickel; bars, rods, profiles and wires dropped sharply to $2.7M in 2022. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 146%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Nickel; Bars, Rods, Profiles and Wire in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Oman	621	6,151	2,656	1,182	23.9%
China	1,409	388	911	791	-17.5%
Hong Kong SAR	214	267	411	187	-4.4%
United Arab Emirates	215	830	170	157	-9.9%
India	238	451	98.9	104	-24.1%
South Korea	18.9	2.3	153	69.7	54.5%
Netherlands	126	166	138	66.2	-19.3%
Turkey	565	1,574	139	38.1	-59.3%
Others	760	427	279	124	-45.4%
Total	4,168	10,257	4,957	2,719	-13.3%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Iran in 2022:

Oman (31.9 tons)
China (22.9 tons)
Hong Kong SAR (6.3 tons)
United Arab Emirates (4.2 tons)
Netherlands (3.6 tons)
India (3.5 tons)
South Korea (1.6 tons)
Turkey (1.0 tons)

Exports of Nickel; Bars, Rods, Profiles and Wire in Iran

In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; bars, rods, profiles and wires, when their volume decreased by -74.9% to 383 kg. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 411% against the previous year. As a result, the exports attained the peak of 1.5 tons, and then contracted remarkably in the following year.

In value terms, exports of nickel; bars, rods, profiles and wires shrank markedly to $13K in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 218% against the previous year. As a result, the exports attained the peak of $39K, and then dropped significantly in the following year.