Price for Nickel; Plates, Sheets, Strip and Foil in Singapore - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Singapore (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil in Singapore (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in Singapore
- Exports of Nickel; Plates, Sheets, Strip and Foil in Singapore
Price for Nickel; Plates, Sheets, Strip and Foil in Singapore (CIF) - 2022
The average import price for nickel; plates, sheets, strip and foils stood at $28,024 per ton in 2022, growing by 35% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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; plates, sheets, strip and foils increased by +83.0% against 2019 indices. The import price peaked at $32,226 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 United States ($106,484 per ton), while the price for China ($7,939 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 States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Plates, Sheets, Strip and Foil in Singapore (FOB) - 2022
The average export price for nickel; plates, sheets, strip and foils stood at $24,010 per ton in 2022, picking up by 50% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 foils increased by +75.6% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($41,352 per ton), while the average price for exports to the Netherlands ($9,537 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 Vietnam (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Plates, Sheets, Strip and Foil in Singapore
In 2022, overseas purchases of nickel; plates, sheets, strip and foils decreased by -51.3% to 351 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, imports attained the peak of 1.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of nickel; plates, sheets, strip and foils dropped significantly to $9.8M in 2022. Overall, imports recorded a noticeable downturn. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year. As a result, imports attained the peak of $20M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Nickel; Plates, Sheets, Strip and Foil in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.4 | 7.1 | 5.1 | 4.7 | -14.0% |
| Indonesia | 0.2 | N/A | N/A | 1.5 | 95.7% |
| Germany | 0.5 | 0.4 | 0.5 | 1.1 | 30.1% |
| Malaysia | 1.2 | 0.7 | 0.7 | 0.7 | -16.4% |
| Japan | 0.7 | 0.2 | 0.4 | 0.6 | -5.0% |
| Sweden | N/A | 1.9 | 7.0 | 0.4 | -54.1% |
| France | 0.4 | 0.6 | 0.6 | 0.3 | -9.1% |
| China | 0.7 | 8.6 | 0.3 | 0.3 | -24.6% |
| Others | 0.3 | 0.4 | 0.5 | 0.3 | 0.0% |
| Total | 11.3 | 19.9 | 14.9 | 9.8 | -4.6% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Singapore in 2022:
- Indonesia (101.6 tons)
- Malaysia (87.4 tons)
- United States (43.8 tons)
- Germany (37.6 tons)
- China (33.0 tons)
- Sweden (22.3 tons)
- Japan (10.4 tons)
- France (9.8 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of nickel; plates, sheets, strip and foils, when their volume decreased by -78.7% to 325 tons. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year.
In value terms, exports of nickel; plates, sheets, strip and foils contracted rapidly to $7.8M in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 67%.
| Export of Nickel; Plates, Sheets, Strip and Foil in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.0 | 3.5 | 8.7 | 3.7 | 22.8% |
| Malaysia | 7.3 | 6.5 | 5.8 | 3.6 | -21.0% |
| India | 0.6 | 0.1 | 0.2 | 0.2 | -30.7% |
| China | 0.9 | N/A | N/A | 0.2 | -39.4% |
| Netherlands | N/A | 8.2 | 9.7 | N/A | 18.3% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 11.1 | 18.6 | 24.5 | 7.8 | -11.1% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from Singapore in 2022:
- Malaysia (174.8 tons)
- Indonesia (134.0 tons)
- China (5.9 tons)
- India (4.0 tons)
- Netherlands (3.7 tons)
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