Price for Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR - 2022

Contents:

1. Price for Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR (FOB) - 2022
2. Price for Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR (CIF) - 2022
3. Exports of Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR
4. Imports of Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR

Price for Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR (FOB) - 2022

The average export price for nickel; tubes and pipes, not alloyeds stood at $3,754 per ton in 2022, picking up by 53% against the previous year. Overall, the export price showed a tangible expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 249% against the previous year. As a result, the export price reached the peak level of $10,066 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Seychelles.

From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +18.2% per year.

Price for Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR (CIF) - 2022

The average import price for nickel; tubes and pipes, not alloyeds stood at $66,827 per ton in 2022, picking up by 25% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 69% against the previous year. The import price peaked at $133,365 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($70,359 per ton), while the price for the UK ($60,900 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR

In 2022, shipments abroad of nickel; tubes and pipes, not alloyeds decreased by -28% to 7.1 tons, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic downturn. The growth pace was the most rapid in 2020 when exports increased by 72% against the previous year. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of nickel; tubes and pipes, not alloyeds rose significantly to $26K in 2022. Overall, exports showed a drastic downturn.

Top Export Markets for Nickel; Tubes and Pipes, Not Alloyed from Hong Kong SAR in 2022:

1. Seychelles (7.0 tons)

Imports of Nickel; Tubes and Pipes, Not Alloyed in Hong Kong SAR

In 2022, the amount of nickel; tubes and pipes, not alloyeds imported into Hong Kong SAR reduced remarkably to 196 kg, which is down by -25.2% on the previous year. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, imports reached the peak of 262 kg, and then contracted dramatically in the following year.

In value terms, imports of nickel; tubes and pipes, not alloyeds fell to $13K in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115%. As a result, imports reached the peak of $14K, and then fell in the following year.

Top Suppliers of Nickel; Tubes and Pipes, Not Alloyed to Hong Kong SAR in 2022:

1. Germany (78.0 kg)
2. United Kingdom (70.0 kg)
3. Japan (48.0 kg)

Source: IndexBox Market Intelligence Platform