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

Contents:

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

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

The average nickel; wire, not alloyed import price stood at $19,875 per ton in 2022, surging by 8.1% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 28%. The import price peaked at $31,418 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.1% per year.

Imports of Nickel; Wire, Not Alloyed in Nepal

For the fourth consecutive year, Nepal recorded growth in supplies from abroad of nickel; wire, not alloyeds, which increased by 23% to 16 kg in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; wire, not alloyed imports soared to $318 in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Wire, Not Alloyed in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
India17920723931821.1%
OthersN/AN/AN/AN/A0%
Total17920723931821.1%

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

  1. India (16.0 kg)

Source: IndexBox Market Intelligence Platform

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