Price for Nickel; Unwrought, Not Alloyed in India - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in India (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in India (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in India
- Exports of Nickel; Unwrought, Not Alloyed in India
Price for Nickel; Unwrought, Not Alloyed in India (CIF) - 2023
In July 2023, the average nickel; unwrought, not alloyed import price amounted to $22,597 per ton, shrinking by -4.6% against the previous month. Over the period under review, the import price recorded a mild descent. The most prominent rate of growth was recorded in November 2022 an increase of 21% against the previous month. Over the period under review, average import prices reached the peak figure at $29,097 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Russia ($25,745 per ton) and Belgium ($24,092 per ton), while the price for China ($21,589 per ton) and Switzerland ($21,950 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in India (FOB) - 2022
The average nickel; unwrought, not alloyed export price stood at $26,500 per ton in 2022, increasing by 53% against the previous year. In general, the export price posted a pronounced increase. The pace of growth appeared the most rapid in 2018 an increase of 66% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($32,531 per ton) and Belgium ($30,274 per ton), while the average price for exports to China ($22,141 per ton) and the United Arab Emirates ($23,223 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Unwrought, Not Alloyed in India
Nickel; unwrought, not alloyed imports into India contracted to 33K tons in 2022, falling by -9.9% compared with the year before. In general, imports, however, showed a mild increase. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 37K tons, and then contracted in the following year.
In value terms, nickel; unwrought, not alloyed imports expanded rapidly to $792M in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Nickel; Unwrought, Not Alloyed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 45.1 | 24.0 | 72.2 | 159 | 52.2% |
| Norway | 84.9 | 75.6 | 114 | 129 | 15.0% |
| South Africa | 51.9 | 43.3 | 62.8 | 94.0 | 21.9% |
| United Arab Emirates | 10.1 | 11.4 | 89.0 | 61.1 | 82.2% |
| Russia | 14.1 | 22.7 | 53.9 | 60.4 | 62.4% |
| China | 40.8 | 30.0 | 12.0 | 56.5 | 11.5% |
| Japan | 41.4 | 47.0 | 71.9 | 56.3 | 10.8% |
| United Kingdom | 11.9 | 11.4 | 29.9 | 32.3 | 39.5% |
| Canada | 19.1 | 33.8 | 47.2 | 30.2 | 16.5% |
| Malaysia | 33.7 | 6.9 | 5.6 | 27.9 | -6.1% |
| Singapore | 18.4 | 21.0 | 23.4 | 22.6 | 7.1% |
| Switzerland | 4.1 | 10.4 | 20.6 | 19.1 | 67.0% |
| South Korea | 25.6 | 19.9 | 30.7 | 15.8 | -14.9% |
| Others | 46.6 | 51.8 | 60.8 | 28.4 | -15.2% |
| Total | 448 | 409 | 694 | 792 | 20.9% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to India in 2022:
- Netherlands (6.8K tons)
- Norway (4.9K tons)
- South Africa (3.9K tons)
- United Arab Emirates (2.7K tons)
- China (2.7K tons)
- Russia (2.6K tons)
- Japan (2.2K tons)
- Canada (1.3K tons)
- United Kingdom (1.2K tons)
- Malaysia (1.2K tons)
- Singapore (0.9K tons)
- Switzerland (0.8K tons)
- South Korea (0.7K tons)
Exports of Nickel; Unwrought, Not Alloyed in India
In 2022, exports of nickel; unwrought, not alloyeds from India surged to 3.6K tons, jumping by 5,182% compared with 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, not alloyed exports soared to $96M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 37.3 | 0% |
| Singapore | N/A | 0.2 | N/A | 24.4 | 1004.5% |
| China | N/A | N/A | N/A | 13.3 | 0% |
| Malaysia | N/A | N/A | N/A | 12.4 | 0% |
| United Arab Emirates | 0.5 | 0.3 | 0.9 | 6.1 | 130.2% |
| Belgium | N/A | N/A | N/A | 1.8 | 0% |
| Others | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Total | 0.6 | 0.6 | 1.2 | 95.7 | 442.3% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from India in 2022:
- Netherlands (1145.9 tons)
- Singapore (1031.9 tons)
- China (600.9 tons)
- Malaysia (498.0 tons)
- United Arab Emirates (263.2 tons)
- Belgium (59.3 tons)
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This report provides an in-depth analysis of the nickel market in India.
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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 India.
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This report provides an in-depth analysis of the nickel market in India.
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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 global nickel market.
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