Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR - 2023

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR (FOB) - 2022
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR (CIF) - 2022
3. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR
4. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR (FOB) - 2022

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $43,823 per ton in 2022, rising by 67% against the previous year. In general, the export price, however, showed a slight contraction. The export price peaked at $171,839 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.6% per year.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR (CIF) - 2022

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $2,021,238 per ton in 2022, increasing by 4,914% against the previous year. Overall, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($9,568,868 per ton), while the price for Germany ($626,919 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.5%).

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR

In 2022, exports of nickel; tubes and pipes, of nickel alloyses from Hong Kong SAR skyrocketed to 107 tons, with an increase of 427% on the previous year. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 4,105%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $4.7M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 1,176% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Hong Kong SAR in 2022:

1. China (106.5 tons)

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Hong Kong SAR

In 2022, the amount of nickel; tubes and pipes, of nickel alloyses imported into Hong Kong SAR fell sharply to 955 kg, with a decrease of -92.7% compared with the year before. Overall, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 3,252%. As a result, imports reached the peak of 13 tons, and then shrank remarkably in the following year.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $1.9M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Hong Kong SAR in 2022:

1. Germany (457.0 kg)
2. United States (446.0 kg)
3. Canada (38.0 kg)

Source: IndexBox Market Intelligence Platform