Price for Nickel; Wire, Not Alloyed in Bangladesh - 2022

Contents:

  1. Price for Nickel; Wire, Not Alloyed in Bangladesh (CIF) - 2022
  2. Imports of Nickel; Wire, Not Alloyed in Bangladesh

Price for Nickel; Wire, Not Alloyed in Bangladesh (CIF) - 2022

In 2022, the average nickel; wire, not alloyed import price amounted to $24,881 per ton, with an increase of 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2015 when the average import price increased by 23%. As a result, import price attained the peak level of $27,865 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($133,000 per ton), while the price for India amounted to $23,532 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.0%).

Imports of Nickel; Wire, Not Alloyed in Bangladesh

Nickel; wire, not alloyed imports into Bangladesh skyrocketed to 155 kg in 2022, jumping by 58% compared with the year before. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 128% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nickel; wire, not alloyed imports soared to $3.8K in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 141%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Nickel; Wire, Not Alloyed in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1.20.82.23.644.2%
Others0.30.20.20.1-30.7%
Total1.51.02.43.836.3%

Top Suppliers of Nickel; Wire, Not Alloyed to Bangladesh in 2022:

  1. India (154.0 kg)

Source: IndexBox Market Intelligence Platform

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