Price for Nickel; Tube and Pipe Fittings in Kuwait - 2022
Contents:
- Price for Nickel; Tube and Pipe Fittings in Kuwait (CIF) - 2022
- Price for Nickel; Tube and Pipe Fittings in Kuwait (FOB) - 2022
- Imports of Nickel; Tube and Pipe Fittings in Kuwait
- Exports of Nickel; Tube and Pipe Fittings in Kuwait
Price for Nickel; Tube and Pipe Fittings in Kuwait (CIF) - 2022
In 2022, the average import price for nickel; tube and pipe fittingses amounted to $25,113 per ton, with a decrease of -30.1% against the previous year. In general, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of 115%. The import price peaked at $83,228 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Thailand ($412,375 per ton), while the price for China ($10,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+49.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in Kuwait (FOB) - 2022
The average export price for nickel; tube and pipe fittingses stood at $16,015 per ton in 2022, growing by 8.9% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 48%. As a result, the export price attained the peak level of $68,909 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($18,983 per ton), while the average price for exports to the United Arab Emirates totaled $9,585 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-4.7%).
Imports of Nickel; Tube and Pipe Fittings in Kuwait
In 2022, purchases abroad of nickel; tube and pipe fittingses increased by 186% to 8.9 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a dramatic curtailment.
In value terms, nickel; tube and pipe fittings imports soared to $224K in 2022. Over the period under review, imports, however, recorded a precipitous decline.
| Import of Nickel; Tube and Pipe Fittings in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 40.2 | 8.3 | 50.9 | 45.6% |
| India | 200 | 18.4 | 5.2 | 47.1 | -38.2% |
| Denmark | N/A | N/A | N/A | 41.7 | 0% |
| South Korea | 220 | 66.7 | 6.4 | 29.7 | -48.7% |
| Malaysia | 84.9 | 60.3 | 19.0 | 6.6 | -57.3% |
| Spain | 36.3 | 14.5 | 3.8 | 5.8 | -45.7% |
| United States | 25.4 | 3.7 | 8.0 | 4.0 | -46.0% |
| Italy | 66.2 | 5.9 | 4.7 | 2.1 | -68.3% |
| Saudi Arabia | 15.0 | 3.3 | 0.1 | 1.8 | -50.7% |
| Austria | 3.7 | 2.4 | 1.9 | 0.8 | -40.0% |
| Others | 101 | 121 | 54.8 | 33.6 | -30.7% |
| Total | 769 | 336 | 112 | 224 | -33.7% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Kuwait in 2022:
- China (4757.0 kg)
- India (2384.0 kg)
- South Korea (861.0 kg)
- Denmark (244.0 kg)
- United States (182.0 kg)
- Austria (106.0 kg)
- Saudi Arabia (103.0 kg)
- Spain (62.0 kg)
- Italy (18.0 kg)
- Malaysia (15.0 kg)
Exports of Nickel; Tube and Pipe Fittings in Kuwait
In 2022, overseas shipments of nickel; tube and pipe fittingses were finally on the rise to reach 1.7 tons after two years of decline. Over the period under review, exports, however, showed a precipitous shrinkage.
In value terms, nickel; tube and pipe fittings exports soared to $28K in 2022. Overall, exports, however, saw a abrupt contraction.
| Export of Nickel; Tube and Pipe Fittings in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 25.2 | 46.8 | 2.5 | 22.3 | -4.0% |
| United Arab Emirates | 24.8 | 5.5 | 0.1 | 5.2 | -40.6% |
| Others | 1.1 | N/A | N/A | N/A | 0% |
| Total | 51.1 | 52.4 | 2.7 | 27.5 | -18.7% |
Top Export Markets for Nickel; Tube and Pipe Fittings from Kuwait in 2022:
- Saudi Arabia (1176.0 kg)
- United Arab Emirates (542.0 kg)
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