Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ethiopia - 2022
Contents:
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ethiopia (CIF) - 2022
- Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ethiopia
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ethiopia (CIF) - 2022
In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $10,133 per ton, reducing by -45.6% against the previous year. Over the period under review, the import price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2019 an increase of 296% against the previous year. The import price peaked at $18,632 per ton in 2021, and then plummeted in the following year.
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 ($20,929 per ton), while the price for Turkey ($1,474 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 Arab Emirates (+22.2%), while the prices for the other major suppliers experienced a decline.
Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ethiopia
Imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s into Ethiopia skyrocketed to 19 tons in 2022, surging by 569% on the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,441% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $192K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 2,653% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | N/A | 16.8 | 107 | 498.1% |
| Canada | 2.8 | 0.6 | 12.2 | 31.6 | 124.3% |
| United Kingdom | 2.2 | 0.5 | 9.6 | 23.2 | 119.3% |
| Turkey | 5.0 | 0.5 | 2.7 | 9.3 | 23.0% |
| India | N/A | N/A | 2.9 | 7.7 | 165.5% |
| Kenya | N/A | N/A | N/A | 1.4 | 0% |
| China | 1.5 | 0.2 | 0.4 | 1.0 | -12.6% |
| Sri Lanka | N/A | N/A | 1.6 | N/A | 0% |
| Others | 1.1 | 0.1 | 6.7 | 11.5 | 118.7% |
| Total | 13.0 | 1.9 | 52.8 | 192 | 145.3% |
Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Ethiopia in 2022:
- Turkey (6.3 tons)
- United States (5.1 tons)
- United Kingdom (2.8 tons)
- Canada (2.0 tons)
- India (0.9 tons)
- China (0.6 tons)
- Kenya (0.4 tons)
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