Price for Nickel; Tubes and Pipes, Not Alloyed in Saudi Arabia - 2022

Price for Nickel; Tubes and Pipes, Not Alloyed in Saudi Arabia (FOB) - 2022

The average export price for nickel; tubes and pipes, not alloyeds stood at $2,247 per ton in 2021, growing by 41% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $3,227 per ton in 2014; however, from 2015 to 2021, 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 India ($1,197,530 per ton), while the average price for exports to Kuwait amounted to $5,688 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+110.7%).

Exports of Nickel; Tubes and Pipes, Not Alloyed in Saudi Arabia

In 2022, overseas shipments of nickel; tubes and pipes, not alloyeds decreased by -13.8% to 40 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 340% against the previous year. As a result, the exports reached the peak of 173 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 remarkably to $115K in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 263%. As a result, the exports attained the peak of $276K. From 2021 to 2022, the growth of the exports of remained at a lower figure.