Price for Nickel; Bars, Rods, Profiles and Wire in Myanmar - 2023

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Myanmar (CIF) - 2022
  2. Imports of Nickel; Bars, Rods, Profiles and Wire in Myanmar

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

In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $82,403 per ton, with an increase of 358% against the previous year. In general, the import price enjoyed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($168,915 per ton), while the price for Germany ($24,383 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, supplies from abroad of nickel; bars, rods, profiles and wires increased by 11,800% to 119 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic slump.

In value terms, imports of nickel; bars, rods, profiles and wires surged to $9.8K in 2022. In general, imports, however, recorded a sharp shrinkage.

Import of Nickel; Bars, Rods, Profiles and Wire in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan8.25.6N/A7.9-1.2%
GermanyN/AN/AN/A1.10%
ChinaN/A10.9N/A0.7-74.7%
United States66.8N/AN/AN/A0%
Singapore8.4N/AN/AN/A0%
Others8.60.3N/AN/A-96.5%
Total92.016.8N/A9.8-52.6%

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

  1. Japan (47.0 kg)
  2. Germany (47.0 kg)
  3. China (25.0 kg)

Source: IndexBox Market Intelligence Platform

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