Price for Nickel; Tube and Pipe Fittings in Vietnam - 2022
Contents:
- Price for Nickel; Tube and Pipe Fittings in Vietnam (CIF) - 2022
- Price for Nickel; Tube and Pipe Fittings in Vietnam (FOB) - 2022
- Imports of Nickel; Tube and Pipe Fittings in Vietnam
- Exports of Nickel; Tube and Pipe Fittings in Vietnam
Price for Nickel; Tube and Pipe Fittings in Vietnam (CIF) - 2022
In 2022, the average import price for nickel; tube and pipe fittingses amounted to $23,517 per ton, reducing by -3% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 103%. The import price peaked at $24,246 per ton in 2021, and then shrank modestly in the following year.
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 ($402,600 per ton), while the price for India ($5,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in Vietnam (FOB) - 2022
In 2022, the average export price for nickel; tube and pipe fittingses amounted to $27,743 per ton, which is down by -14.1% against the previous year. In general, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of 81% against the previous year. Over the period under review, the average export prices reached the maximum at $54,067 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($45,575 per ton), while the average price for exports to Luxembourg ($9,677 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 Indonesia (+63.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Tube and Pipe Fittings in Vietnam
In 2022, overseas purchases of nickel; tube and pipe fittingses increased by 30% to 9.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic descent.
In value terms, nickel; tube and pipe fittings imports soared to $221K in 2022. Overall, imports, however, saw a deep setback.
| Import of Nickel; Tube and Pipe Fittings in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.5 | 37.3 | 4.3 | 131 | 539.9% |
| Norway | 172 | 123 | 65.1 | 43.2 | -36.9% |
| Thailand | 12.8 | 15.6 | 17.1 | 11.8 | -2.7% |
| India | 1.3 | 2.3 | 3.5 | 6.0 | 66.5% |
| Singapore | 9.3 | 7.6 | 35.8 | 4.7 | -20.3% |
| Malaysia | 55.6 | 23.2 | 8.7 | 0.8 | -75.7% |
| United Kingdom | 5.1 | 2.5 | 0.2 | 0.5 | -53.9% |
| Others | 35.4 | 55.3 | 40.8 | 23.2 | -13.1% |
| Total | 292 | 267 | 176 | 221 | -8.9% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Vietnam in 2022:
- United Kingdom (undefined tons)
- South Korea (6.6 tons)
- India (1.1 tons)
- Norway (0.9 tons)
- Thailand (0.4 tons)
- Singapore (0.2 tons)
- Malaysia (0.1 tons)
Exports of Nickel; Tube and Pipe Fittings in Vietnam
In 2022, approx. 1.5 tons of nickel; tube and pipe fittingses were exported from Vietnam; rising by 29% compared with the year before. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 542%. As a result, the exports reached the peak of 1.9 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, nickel; tube and pipe fittings exports expanded significantly to $42K in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 286%. As a result, the exports reached the peak of $46K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Nickel; Tube and Pipe Fittings in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 34.9 | 33.5 | 32.0 | 47.4% |
| Indonesia | N/A | 0.6 | 1.0 | 7.9 | 262.9% |
| Luxembourg | 0.3 | 1.3 | 1.4 | 1.6 | 74.7% |
| Lao People's Democratic Republic | N/A | 8.7 | N/A | N/A | 0% |
| Others | 1.4 | N/A | 1.5 | N/A | 3.5% |
| Total | 11.8 | 45.6 | 37.5 | 41.5 | 52.1% |
Top Export Markets for Nickel; Tube and Pipe Fittings from Vietnam in 2022:
- China (1156.0 kg)
- Indonesia (174.0 kg)
- Luxembourg (167.0 kg)
387
This report provides an in-depth analysis of the market for nickel tubes, pipes and tube or pipe fittings in Vietnam.
538
Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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