Price for Nickel; Wire, Not Alloyed in Kuwait - 2022
Contents:
- Price for Nickel; Wire, Not Alloyed in Kuwait (CIF) - 2022
- Imports of Nickel; Wire, Not Alloyed in Kuwait
Price for Nickel; Wire, Not Alloyed in Kuwait (CIF) - 2022
The average nickel; wire, not alloyed import price stood at $33,373 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 193%. Over the period under review, average import prices hit record highs at $69,903 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($55,341 per ton), while the price for Germany totaled $23,510 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1,556.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Wire, Not Alloyed in Kuwait
In 2022, supplies from abroad of nickel; wire, not alloyeds decreased by -4.1% to 142 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of 154 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nickel; wire, not alloyed imports reduced to $4.7K in 2022. Overall, imports saw a noticeable slump. The smallest decline of -4.3% was in 2021.
| Import of Nickel; Wire, Not Alloyed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.1 | 1.4 | 2.5 | 2.4 | 29.7% |
| Germany | 0.8 | 1.4 | 2.4 | 2.3 | 42.2% |
| China | 0.8 | N/A | N/A | N/A | 0% |
| Italy | N/A | 1.3 | N/A | N/A | 0% |
| Others | 2.8 | 1.0 | N/A | N/A | -64.3% |
| Total | 5.5 | 5.2 | 5.0 | 4.7 | -5.1% |
Top Suppliers of Nickel; Wire, Not Alloyed to Kuwait in 2022:
- Germany (98.0 kg)
- United Arab Emirates (44.0 kg)
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