Price for Nickel; Unwrought, Not Alloyed in Japan - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Japan (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Japan (FOB) - 2023
- Imports of Nickel; Unwrought, Not Alloyed in Japan
- Exports of Nickel; Unwrought, Not Alloyed in Japan
Price for Nickel; Unwrought, Not Alloyed in Japan (CIF) - 2023
The average nickel; unwrought, not alloyed import price stood at $23,271 per ton in July 2023, with a decrease of -3.4% against the previous month. Overall, the import price showed a mild decline. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 6.8% m-o-m. Over the period under review, average import prices reached the peak figure at $28,705 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from South Africa ($27,816 per ton) and the UK ($26,584 per ton), while the price for Australia ($22,545 per ton) and Madagascar ($22,944 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 South Africa (+3.7%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in Japan (FOB) - 2023
The average nickel; unwrought, not alloyed export price stood at $21,033 per ton in July 2023, remaining stable against the previous month. Over the period under review, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 13% against the previous month. The export price peaked at $28,594 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In July 2023, the highest price was recorded for prices to Thailand ($22,978 per ton) and Taiwan (Chinese) ($22,883 per ton), while the average price for exports to Italy ($20,365 per ton) and India ($20,431 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Unwrought, Not Alloyed in Japan
Nickel; unwrought, not alloyed imports into Japan skyrocketed to 51K tons in 2022, increasing by 25% against the previous year's figure. In general, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, nickel; unwrought, not alloyed imports surged to $1.3B in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Unwrought, Not Alloyed in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 189 | 192 | 323 | 445 | 33.0% |
| Madagascar | 157 | 79.2 | 132 | 357 | 31.5% |
| Canada | 55.2 | 42.7 | 95.8 | 169 | 45.2% |
| Norway | 102 | 59.1 | 111 | 141 | 11.4% |
| United Kingdom | 42.5 | 25.1 | 30.1 | 52.8 | 7.5% |
| South Africa | 48.9 | 25.2 | 34.2 | 46.4 | -1.7% |
| Finland | 9.2 | 14.6 | 19.3 | 28.8 | 46.3% |
| Russia | 24.2 | 5.3 | 4.7 | 7.0 | -33.9% |
| Others | 6.4 | 2.9 | 9.0 | 7.4 | 5.0% |
| Total | 634 | 446 | 758 | 1,254 | 25.5% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Japan in 2022:
- Australia (18.5K tons)
- Madagascar (14.6K tons)
- Canada (6.6K tons)
- Norway (5.5K tons)
- South Africa (2.0K tons)
- United Kingdom (1.9K tons)
- Finland (1.2K tons)
- Russia (0.4K tons)
Exports of Nickel; Unwrought, Not Alloyed in Japan
In 2022, overseas shipments of nickel; unwrought, not alloyeds decreased by -34.9% to 11K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 29K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nickel; unwrought, not alloyed exports contracted to $256M in 2022. Overall, exports showed a slight contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $384M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Nickel; Unwrought, Not Alloyed in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.5 | 142 | 93.2 | 61.5 | 4.8% |
| India | 34.3 | 34.7 | 38.2 | 59.0 | 19.8% |
| Turkey | 13.1 | 23.4 | 36.4 | 36.9 | 41.2% |
| Taiwan (Chinese) | 14.6 | 39.8 | 24.7 | 34.0 | 32.5% |
| United States | 43.9 | 13.0 | 10.9 | 21.4 | -21.3% |
| Thailand | 7.4 | 3.3 | 12.0 | 8.9 | 6.3% |
| Netherlands | 6.0 | 6.8 | 14.3 | 7.8 | 9.1% |
| South Korea | 10.2 | 11.2 | 2.8 | 7.1 | -11.4% |
| Hong Kong SAR | 13.6 | 2.6 | 2.3 | 4.1 | -32.9% |
| Italy | 16.3 | 15.4 | 14.7 | 3.7 | -39.0% |
| Singapore | 34.9 | 76.3 | N/A | N/A | 118.6% |
| Others | 16.0 | 15.3 | 31.5 | 11.7 | -9.9% |
| Total | 264 | 384 | 281 | 256 | -1.0% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Japan in 2022:
- China (2684.2 tons)
- India (2571.4 tons)
- Turkey (1533.6 tons)
- Taiwan (Chinese) (1272.3 tons)
- United States (814.0 tons)
- Thailand (355.4 tons)
- Netherlands (335.9 tons)
- South Korea (294.7 tons)
- Hong Kong SAR (155.7 tons)
- Italy (143.9 tons)
- Singapore (1.5 tons)
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This report provides an in-depth analysis of the nickel market in Japan.
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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 Japan.
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This report provides an in-depth analysis of the nickel market in Japan.
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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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