Price for Nickel; Waste and Scrap in Pakistan - 2023

Contents:

1. Price for Nickel; Waste and Scrap in Pakistan (FOB) - 2022
2. Exports of Nickel; Waste and Scrap in Pakistan

Price for Nickel; Waste and Scrap in Pakistan (FOB) - 2022

The average nickel; waste and scrap export price stood at $8,439 per ton in 2022, dropping by -4.8% against the previous year. In general, export price indicated mild growth from 2013 to 2022: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; waste and scrap export price increased by +2.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40%. The export price peaked at $9,217 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($11,221 per ton), while the average price for exports to the UK ($7,855 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Nickel; Waste and Scrap in Pakistan

Nickel; waste and scrap exports from Pakistan surged to 150 tons in 2022, with an increase of 90% on 2021. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 145% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, nickel; waste and scrap exports skyrocketed to $1.3M in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 236%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Nickel; Waste and Scrap from Pakistan in 2022:

1. United Kingdom (116.5 tons)
2. Singapore (26.1 tons)
3. Germany (7.7 tons)

Source: IndexBox Market Intelligence Platform