Price for Nickel; Tubes and Pipes, Not Alloyed in Singapore - 2023

Contents:

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

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

The average import price for nickel; tubes and pipes, not alloyeds stood at $29,400 per ton in 2022, declining by -62.2% against the previous year. Over the period under review, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 501% against the previous year. Over the period under review, average import prices attained the peak figure at $464,000 per ton in 2017; however, from 2018 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 the United States ($60,256 per ton), while the price for Belgium ($2,523 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tubes and pipes, not alloyeds stood at $16,639 per ton in 2022, waning by -38.1% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2016 an increase of 71% against the previous year. The export price peaked at $98,972 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($232,714 per ton), while the average price for exports to the Philippines ($15,233 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 (+25.8%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Tubes and Pipes, Not Alloyed in Singapore

In 2022, imports of nickel; tubes and pipes, not alloyeds into Singapore skyrocketed to 6.6 tons, rising by 2,970% against 2021. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; tubes and pipes, not alloyeds surged to $195K in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Tubes and Pipes, Not Alloyed to Singapore in 2022:

1. Belgium (3.6 tons)
2. United States (2.8 tons)
3. China (0.1 tons)

Exports of Nickel; Tubes and Pipes, Not Alloyed in Singapore

In 2022, approx. 1.7 tons of nickel; tubes and pipes, not alloyeds were exported from Singapore; reducing by -33.7% compared with the previous year's figure. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.

In value terms, exports of nickel; tubes and pipes, not alloyeds reduced sharply to $29K in 2022. In general, exports recorded a dramatic slump. The smallest decline of -20.6% was in 2021.

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

1. Malaysia (1027.0 kg)
2. Philippines (678.0 kg)
3. Indonesia (7.0 kg)

Source: IndexBox Market Intelligence Platform