Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines - 2023
Contents:
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines (CIF) - 2023
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines (FOB) - 2022
- Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines
- Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines (CIF) - 2023
In July 2023, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $13,646 per ton, jumping by 23% against the previous month. Overall, the import price, however, saw a sharp decline. The most prominent rate of growth was recorded in February 2023 an increase of 46% m-o-m. Over the period under review, average import prices reached the peak figure at $97,469 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From December 2022 to July 2023, the rate of growth in terms of prices for Japan amounted to -18.8% per month.
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines (FOB) - 2022
The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $10,625 per ton in 2021, with an increase of 82% against the previous year. Overall, the export price enjoyed a significant increase. Over the period under review, the average export prices hit record highs at $75,547 per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Micronesia ($40,000 per ton), while the average price for exports to Thailand ($1,000 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+357.1%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines
In 2022, purchases abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -68.7% to 99 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 360% against the previous year. As a result, imports reached the peak of 697 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s declined remarkably to $2.1M in 2022. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 258% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2,514 | 9,604 | 3,815 | 1,017 | -26.0% |
| United States | 288 | 1,624 | 550 | 405 | 12.0% |
| Hong Kong SAR | 73.0 | 187 | 313 | 259 | 52.5% |
| China | 598 | 227 | 173 | 159 | -35.7% |
| Singapore | 131 | 392 | 88.5 | 48.8 | -28.0% |
| South Korea | 29.7 | 506 | 96.4 | 28.7 | -1.1% |
| India | 9.2 | 74.7 | 22.4 | 28.0 | 44.9% |
| Japan | 23.7 | 167 | 43.5 | 24.3 | 0.8% |
| Malaysia | 3.7 | 292 | 47.3 | 20.9 | 78.1% |
| Others | 128 | 517 | 141 | 64.6 | -20.4% |
| Total | 3,798 | 13,590 | 5,291 | 2,055 | -18.5% |
Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to the Philippines in 2022:
- Taiwan (Chinese) (44.2 tons)
- China (16.4 tons)
- Malaysia (9.0 tons)
- Hong Kong SAR (7.7 tons)
- United States (6.2 tons)
- Singapore (5.5 tons)
- India (5.1 tons)
- Japan (3.3 tons)
- South Korea (1.0 tons)
Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines
In 2021, the amount of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s exported from the Philippines soared to 8 kg, rising by 33% against the year before. The total export volume increased at an average annual rate of +33.3% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $85 in 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Micronesia | 21.0 | 40.0 | 90.5% | ||
| Vietnam | 7.0 | 32.0 | 357.1% | ||
| Canada | 4.0 | 7.0 | 75.0% | ||
| Kiribati | N/A | 2.0 | 0% | ||
| Palau | 1.0 | 1.0 | 0.0% | ||
| United Arab Emirates | N/A | 1.0 | 0% | ||
| Hong Kong SAR | N/A | 1.0 | 0% | ||
| Thailand | N/A | 1.0 | 0% | ||
| Spain | 1.0 | N/A | 0% | ||
| Singapore | 1.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 35.0 | 85.0 | 142.9% | ||
Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from the Philippines in 2022:
- Canada (1.0 kg)
- Palau (1.0 kg)
- United Arab Emirates (1.0 kg)
- Micronesia (1.0 kg)
- Vietnam (1.0 kg)
- Thailand (1.0 kg)
- Kiribati (1.0 kg)
- Hong Kong SAR (1.0 kg)
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This report provides an in-depth analysis of the market for nickel pipes and fittings in the Philippines.
542
Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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