Price for Nickel; Wire, Not Alloyed in South Korea - 2022
Contents:
- Price for Nickel; Wire, Not Alloyed in South Korea (CIF) - 2022
- Price for Nickel; Wire, Not Alloyed in South Korea (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in South Korea
- Exports of Nickel; Wire, Not Alloyed in South Korea
Price for Nickel; Wire, Not Alloyed in South Korea (CIF) - 2022
In December 2022, the average nickel; wire, not alloyed import price amounted to $44,940 per ton, rising by 29% against the previous month. Overall, import price indicated pronounced growth from December 2021 to December 2022: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, nickel; wire, not alloyed import price increased by +34.4% against October 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was France ($42,986 per ton), while the price for China ($31,067 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in South Korea (FOB) - 2022
In 2022, the average nickel; wire, not alloyed export price amounted to $28,411 per ton, approximately reflecting the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. The export price peaked at $48,606 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($36,155 per ton) and China ($28,405 per ton), while the average price for exports to Japan ($25,975 per ton) and Vietnam ($27,537 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Wire, Not Alloyed in South Korea
In 2022, imports of nickel; wire, not alloyeds into South Korea reduced modestly to 119 tons, stabilizing at the previous year. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2%.
In value terms, nickel; wire, not alloyed imports contracted to $2.9M in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.
| Import of Nickel; Wire, Not Alloyed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 816 | 633 | 1,347 | 1,058 | 9.0% |
| France | 1,334 | 675 | 919 | 755 | -17.3% |
| Germany | 592 | 1,005 | 428 | 522 | -4.1% |
| Austria | 726 | 66.4 | 73.9 | 223 | -32.5% |
| Japan | 219 | 155 | 123 | 128 | -16.4% |
| China | 22.0 | 28.4 | 132 | 104 | 67.8% |
| Others | 34.7 | 50.8 | 105 | 80.0 | 32.1% |
| Total | 3,744 | 2,613 | 3,129 | 2,871 | -8.5% |
Top Suppliers of Nickel; Wire, Not Alloyed to South Korea in 2022:
- India (43.9 tons)
- France (32.6 tons)
- Germany (23.5 tons)
- Austria (10.4 tons)
- Japan (5.1 tons)
- China (3.5 tons)
Exports of Nickel; Wire, Not Alloyed in South Korea
Nickel; wire, not alloyed exports from South Korea declined notably to 1.3 tons in 2022, waning by -37.5% compared with the previous year's figure. In general, exports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 308%. As a result, the exports reached the peak of 2.1 tons, and then contracted dramatically in the following year.
In value terms, nickel; wire, not alloyed exports reduced dramatically to $38K in 2022. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 316%. As a result, the exports attained the peak of $61K, and then dropped notably in the following year.
| Export of Nickel; Wire, Not Alloyed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 17.8 | 5.9 | 54.5 | 30.4 | 19.5% |
| China | N/A | 5.7 | 1.0 | 3.4 | -22.8% |
| Japan | 0.9 | 1.8 | 1.5 | 1.8 | 26.0% |
| Taiwan (Chinese) | 1.0 | 0.7 | 1.8 | 1.2 | 6.3% |
| Philippines | 4.8 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.6 | 2.4 | 1.0 | 12.6% |
| Total | 25.2 | 14.7 | 61.1 | 37.9 | 14.6% |
Top Export Markets for Nickel; Wire, Not Alloyed from South Korea in 2022:
- Vietnam (1106.0 kg)
- China (119.0 kg)
- Japan (70.0 kg)
- Taiwan (Chinese) (34.0 kg)
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