Price for Nickel; Tubes and Pipes, of Nickel Alloys in South Korea - 2022

Contents:

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

Price for Nickel; Tubes and Pipes, of Nickel Alloys in South Korea (CIF) - 2022

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $38,849 per ton in 2022, surging by 17% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The import price peaked at $91,530 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($110,032 per ton), while the price for France ($18,855 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced a decline.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in South Korea (FOB) - 2022

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $19,011 per ton in 2022, declining by -48.4% against the previous year. Overall, the export price saw a pronounced decrease. The growth pace was the most rapid in 2014 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $36,870 per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($81,638 per ton), while the average price for exports to Indonesia ($5,622 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 Bahrain (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in South Korea

In 2022, imports of nickel; tubes and pipes, of nickel alloyses into South Korea reduced notably to 746 tons, waning by -37.5% compared with 2021. Overall, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 18%.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses contracted sharply to $29M in 2022. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 9.5%.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to South Korea in 2022:

1. China (195.7 tons)
2. United Kingdom (189.2 tons)
3. Japan (188.1 tons)
4. United States (85.4 tons)
5. France (27.2 tons)
6. India (21.4 tons)
7. Italy (17.6 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in South Korea

In 2022, overseas shipments of nickel; tubes and pipes, of nickel alloyses were finally on the rise to reach 110 tons after two years of decline. In general, exports, however, continue to indicate a slight downturn.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses fell to $2.1M in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from South Korea in 2022:

1. India (93.6 tons)
2. Malaysia (6.3 tons)
3. Indonesia (2.6 tons)
4. China (2.1 tons)
5. Bahrain (1.7 tons)
6. Canada (1.1 tons)
7. United States (0.7 tons)
8. United Arab Emirates (0.6 tons)

Source: IndexBox Market Intelligence Platform