Price for Nickel; Bars, Rods, Profiles and Wire in Malaysia - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Malaysia (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Malaysia (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Malaysia
- Exports of Nickel; Bars, Rods, Profiles and Wire in Malaysia
Price for Nickel; Bars, Rods, Profiles and Wire in Malaysia (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $6,875 per ton in 2022, falling by -30.2% against the previous year. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 66% against the previous year. Over the period under review, average import prices attained the peak figure at $13,564 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($9,817 per ton), while the price for Belgium ($5,187 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Bars, Rods, Profiles and Wire in Malaysia (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $9,041 per ton, reducing by -34.8% against the previous year. Overall, the export price, however, saw measured growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices attained the maximum at $18,373 per ton in 2019; however, from 2020 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 Indonesia ($13,153 per ton), while the average price for exports to Taiwan (Chinese) ($5,256 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 Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Malaysia
In 2022, imports of nickel; bars, rods, profiles and wires into Malaysia skyrocketed to 3.3K tons, growing by 122% against 2021. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $22M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 2.1 | 2.1 | 7.1 | 36.4% |
| Switzerland | 2.1 | 3.0 | 4.3 | 4.5 | 28.9% |
| Japan | 1.1 | 1.5 | 2.7 | 2.9 | 38.1% |
| China | 1.3 | 0.8 | 1.3 | 1.3 | 0.0% |
| Germany | 0.5 | 0.5 | 1.6 | 1.2 | 33.9% |
| Belgium | N/A | N/A | N/A | 1.1 | 0% |
| Singapore | 2.8 | 0.8 | 0.4 | 0.8 | -34.1% |
| Italy | 2.4 | 3.7 | 0.4 | 0.3 | -50.0% |
| Others | 3.6 | 3.5 | 1.6 | 3.3 | -2.9% |
| Total | 16.4 | 16.1 | 14.5 | 22.5 | 11.1% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Malaysia in 2022:
- United States (1173.2 tons)
- Switzerland (458.3 tons)
- Japan (414.2 tons)
- Belgium (212.1 tons)
- China (202.5 tons)
- Germany (176.9 tons)
- Singapore (115.0 tons)
- Italy (26.4 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Malaysia
After three years of growth, shipments abroad of nickel; bars, rods, profiles and wires decreased by -50.6% to 163 tons in 2022. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 33%.
In value terms, exports of nickel; bars, rods, profiles and wires contracted significantly to $1.5M in 2022. Over the period under review, exports saw a significant decline. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of $4.6M, and then dropped dramatically in the following year.
| Export of Nickel; Bars, Rods, Profiles and Wire in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,561 | 2,116 | 3,622 | 872 | -30.2% |
| United States | 152 | 560 | 11.2 | 397 | 37.7% |
| Indonesia | 7.9 | 42.1 | N/A | 62.9 | 99.7% |
| Netherlands | N/A | N/A | N/A | 42.8 | 0% |
| China | 546 | 213 | 321 | 31.5 | -61.4% |
| India | N/A | 10.6 | 143 | 25.7 | 55.7% |
| United Kingdom | N/A | 688 | 154 | 13.8 | -85.8% |
| Vietnam | 142 | N/A | 254 | 2.7 | -73.3% |
| United Arab Emirates | 329 | 8.5 | 43.6 | N/A | -63.6% |
| Others | 178 | 168 | 33.6 | 27.1 | -46.6% |
| Total | 3,916 | 3,808 | 4,583 | 1,476 | -27.8% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Malaysia in 2022:
- Singapore (99.8 tons)
- United States (40.7 tons)
- China (5.3 tons)
- Indonesia (4.8 tons)
- India (3.8 tons)
- Netherlands (3.6 tons)
- United Kingdom (1.5 tons)
- Vietnam (0.2 tons)
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