Price for Nickel; Unwrought, Not Alloyed in Hong Kong SAR - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Hong Kong SAR (FOB) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Hong Kong SAR (CIF) - 2023
- Exports of Nickel; Unwrought, Not Alloyed in Hong Kong SAR
- Imports of Nickel; Unwrought, Not Alloyed in Hong Kong SAR
Price for Nickel; Unwrought, Not Alloyed in Hong Kong SAR (FOB) - 2023
The average nickel; unwrought, not alloyed export price stood at $24,823 per ton in August 2023, reducing by -6.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 74% month-to-month. Over the period under review, the average export prices attained the peak figure at $34,047 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to China ($26,169 per ton) and South Korea ($25,392 per ton), while the average price for exports to Vietnam ($22,185 per ton) and New Zealand ($22,999 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Hong Kong SAR (CIF) - 2023
The average nickel; unwrought, not alloyed import price stood at $23,858 per ton in August 2023, growing by 4.4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 30% month-to-month. As a result, import price reached the peak level of $34,655 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($25,577 per ton), while the price for Norway totaled $23,557 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Nickel; Unwrought, Not Alloyed in Hong Kong SAR
In 2022, approx. 412 tons of nickel; unwrought, not alloyeds were exported from Hong Kong SAR; falling by -47.3% on the previous year's figure. Over the period under review, exports saw a sharp contraction. The smallest decline of -6.1% was in 2021.
In value terms, nickel; unwrought, not alloyed exports shrank sharply to $12M in 2022. In general, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
| Export of Nickel; Unwrought, Not Alloyed in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.9 | 8.5 | 10.9 | 6.0 | -29.2% |
| Australia | 0.2 | 0.6 | 0.9 | 2.4 | 128.9% |
| Vietnam | 0.5 | 0.4 | 0.4 | 0.9 | 21.6% |
| Singapore | 1.3 | 1.7 | 0.4 | 0.7 | -18.6% |
| Malaysia | 0.4 | 0.6 | 0.3 | 0.7 | 20.5% |
| Indonesia | 1.8 | 1.3 | 1.8 | 0.6 | -30.7% |
| New Zealand | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| India | 1.3 | 0.6 | 0.6 | N/A | -32.1% |
| Others | 0.4 | 0.3 | 0.8 | N/A | 41.4% |
| Total | 23.0 | 14.1 | 16.5 | 11.5 | -20.6% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Hong Kong SAR in 2022:
- China (223.8 tons)
- Australia (80.7 tons)
- Vietnam (30.4 tons)
- Indonesia (27.4 tons)
- Malaysia (22.9 tons)
- Singapore (20.0 tons)
- New Zealand (6.8 tons)
Imports of Nickel; Unwrought, Not Alloyed in Hong Kong SAR
In 2022, approx. 316 tons of nickel; unwrought, not alloyeds were imported into Hong Kong SAR; which is down by -60.5% on 2021. In general, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 20%.
In value terms, nickel; unwrought, not alloyed imports shrank notably to $8.4M in 2022. Overall, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports reached the peak of $16M, and then declined sharply in the following year.
| Import of Nickel; Unwrought, Not Alloyed in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.8 | 2.4 | 2.6 | 3.8 | 0.0% |
| Finland | 1.8 | 1.7 | 3.5 | 2.1 | 5.3% |
| Norway | 5.8 | 3.7 | 4.5 | 1.9 | -31.1% |
| China | 1.0 | 2.7 | 4.7 | 0.5 | -20.6% |
| United Kingdom | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.5 | N/A | 58.1% |
| Total | 13.6 | 10.4 | 15.9 | 8.4 | -14.8% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Hong Kong SAR in 2022:
- Japan (144.1 tons)
- Finland (89.4 tons)
- Norway (60.0 tons)
- China (22.0 tons)
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
367
This report provides an in-depth analysis of the nickel market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global nickel market.
1200
This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
