Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR - 2023

Contents:

1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR (FOB) - 2022
2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR (CIF) - 2022
3. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR
4. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $544,773 per ton, growing by 1,151% against the previous year. Over the period under review, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 +6.9% per year.

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR (CIF) - 2022

The average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $704,571 per ton in 2022, increasing by 1,734% against the previous year. In general, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($528,601 per ton), while the price for the United States stood at $452,537 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR

In 2022, the amount of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s exported from Hong Kong SAR dropped dramatically to 8.8 tons, with a decrease of -29.9% on the previous year's figure. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 951%. As a result, the exports reached the peak of 13 tons, and then contracted rapidly in the following year.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $4.8M in 2022. Overall, exports, however, continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Hong Kong SAR in 2022:

1. China (8.7 tons)

Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Hong Kong SAR

In 2022, the amount of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s imported into Hong Kong SAR shrank rapidly to 2.8 tons, which is down by -80.3% compared with the previous year's figure. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 1,092% against the previous year. As a result, imports reached the peak of 14 tons, and then dropped dramatically in the following year.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $1.9M in 2022. Over the period under review, imports, however, saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Hong Kong SAR in 2022:

1. United States (2128.0 kg)
2. Germany (542.0 kg)

Source: IndexBox Market Intelligence Platform