Price for Nickel; Tubes and Pipes, of Nickel Alloys in Kenya - 2022
Contents:
- Price for Nickel; Tubes and Pipes, of Nickel Alloys in Kenya (CIF) - 2022
- Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Kenya
Price for Nickel; Tubes and Pipes, of Nickel Alloys in Kenya (CIF) - 2022
The average import price for nickel; tubes and pipes, of nickel alloyses stood at $20,111 per ton in 2022, reducing by -12.9% against the previous year. Overall, the import price, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 122% against the previous year. As a result, import price attained the peak level of $27,256 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($254,844 per ton), while the price for China ($8,229 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Kenya
In 2022, imports of nickel; tubes and pipes, of nickel alloyses into Kenya soared to 1.2 tons, rising by 16% compared with the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of nickel; tubes and pipes, of nickel alloyses amounted to $24K in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 172% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Nickel; Tubes and Pipes, of Nickel Alloys in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.8 | 11.5 | 13.8 | 11.5 | 33.8% |
| India | 1.6 | 3.7 | 8.7 | 10.9 | 89.6% |
| China | 0.4 | 1.0 | 1.1 | 0.9 | 31.0% |
| Turkey | N/A | N/A | N/A | 0.7 | 0% |
| Switzerland | N/A | 7.2 | N/A | N/A | 0% |
| United Arab Emirates | 1.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 8.6 | 23.5 | 23.8 | 24.0 | 40.8% |
Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Kenya in 2022:
- India (996.0 kg)
- China (105.0 kg)
- Turkey (46.0 kg)
- United Kingdom (45.0 kg)
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