Price for Nickel; Tube and Pipe Fittings in Ethiopia - 2022
Contents:
- Price for Nickel; Tube and Pipe Fittings in Ethiopia (CIF) - 2022
- Imports of Nickel; Tube and Pipe Fittings in Ethiopia
Price for Nickel; Tube and Pipe Fittings in Ethiopia (CIF) - 2022
In 2022, the average import price for nickel; tube and pipe fittingses amounted to $26,008 per ton, growing by 58% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 162%. The import price peaked at $80,180 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 ($68,917 per ton), while the price for China ($6,122 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 (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Nickel; Tube and Pipe Fittings in Ethiopia
In 2022, nickel; tube and pipe fittings imports into Ethiopia skyrocketed to 5 tons, picking up by 340% on 2021 figures. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,596%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, nickel; tube and pipe fittings imports skyrocketed to $130K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 873% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Nickel; Tube and Pipe Fittings in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | N/A | 3.4 | 44.2 | 319.2% |
| United Kingdom | 2.8 | 0.7 | 6.2 | 38.3 | 139.2% |
| Turkey | 6.3 | 0.7 | 1.7 | 15.0 | 33.5% |
| India | 0.1 | 0.1 | 1.9 | 12.4 | 398.7% |
| Kenya | N/A | N/A | N/A | 2.2 | 0% |
| Belgium | 0.8 | N/A | 0.4 | 2.0 | 35.7% |
| China | 1.9 | 0.2 | 0.3 | 1.7 | -3.6% |
| Sri Lanka | N/A | N/A | 1.0 | N/A | 0% |
| Others | 0.6 | 0.1 | 3.9 | 14.2 | 187.1% |
| Total | 13.0 | 1.9 | 18.7 | 130 | 115.4% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Ethiopia in 2022:
- Turkey (2087.0 kg)
- India (674.0 kg)
- United States (641.0 kg)
- United Kingdom (638.0 kg)
- Belgium (309.0 kg)
- China (271.0 kg)
- Kenya (216.0 kg)
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