Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India - 2023

Contents:

1. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India (CIF) - 2022
2. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India (FOB) - 2022
3. Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India
4. Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India (CIF) - 2022

In 2022, the average import price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $29,864 per ton, increasing by 29% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $31,582 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($41,057 per ton), while the price for South Korea ($9,273 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India (FOB) - 2022

The average export price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $38,928 per ton in 2022, increasing by 27% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; plates, sheets, strip and foil, of nickel alloyses increased by +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($62,120 per ton), while the average price for exports to China ($22,260 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 United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India

In 2022, the amount of nickel; plates, sheets, strip and foil, of nickel alloyses imported into India totaled 3.8K tons, surging by 4.5% compared with 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of 3.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $114M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to India in 2022:

1. United States (1033.5 tons)
2. Japan (797.5 tons)
3. Germany (795.7 tons)
4. China (265.7 tons)
5. United Arab Emirates (178.8 tons)
6. South Korea (130.0 tons)
7. Netherlands (128.8 tons)
8. France (68.5 tons)

Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in India

In 2022, approx. 147 tons of nickel; plates, sheets, strip and foil, of nickel alloyses were exported from India; with a decrease of -30% on the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 169%. As a result, the exports reached the peak of 211 tons, and then dropped notably in the following year.

In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses fell to $5.7M in 2022. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 222%. As a result, the exports reached the peak of $6.5M, and then fell in the following year.

Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from India in 2022:

1. United Arab Emirates (29.7 tons)
2. Saudi Arabia (26.2 tons)
3. China (18.2 tons)
4. United States (17.8 tons)
5. Brazil (8.4 tons)
6. Netherlands (5.8 tons)
7. France (5.4 tons)
8. Qatar (4.2 tons)
9. Kuwait (4.1 tons)
10. United Kingdom (4.0 tons)
11. Malaysia (4.0 tons)
12. Indonesia (3.3 tons)
13. Germany (2.8 tons)

Source: IndexBox Market Intelligence Platform