Price for Nickel; Wire, Not Alloyed in Malaysia - 2021

Contents:

1. Price for Nickel; Wire, Not Alloyed in Malaysia (CIF) - 2022
2. Price for Nickel; Wire, Not Alloyed in Malaysia (FOB) - 2022
3. Imports of Nickel; Wire, Not Alloyed in Malaysia
4. Exports of Nickel; Wire, Not Alloyed in Malaysia

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

In 2022, the average nickel; wire, not alloyed import price amounted to $12,132 per ton, reducing by -5.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 113% against the previous year. As a result, import price reached the peak level of $20,446 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($12,268 per ton), while the price for the UK stood at $11,781 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Wire, Not Alloyed in Malaysia (FOB) - 2022

The average nickel; wire, not alloyed export price stood at $10,773 per ton in 2022, surging by 52% against the previous year. In general, the export price posted a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $15,085 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +431.6% per year.

Imports of Nickel; Wire, Not Alloyed in Malaysia

In 2022, approx. 3.3 tons of nickel; wire, not alloyeds were imported into Malaysia; dropping by -14.9% compared with 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 43%.

In value terms, nickel; wire, not alloyed imports reduced dramatically to $39K in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year.

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

1. United States (2.3 tons)
2. United Kingdom (0.9 tons)

Exports of Nickel; Wire, Not Alloyed in Malaysia

In 2022, the amount of nickel; wire, not alloyeds exported from Malaysia surged to 3.1 tons, growing by 158% against the previous year's figure. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 685% against the previous year. As a result, the exports attained the peak of 5.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel; wire, not alloyed exports surged to $34K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 584% against the previous year. As a result, the exports attained the peak of $59K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Nickel; Wire, Not Alloyed from Malaysia in 2022:

1. United States (3.1 tons)

Source: IndexBox Market Intelligence Platform