Price for Nickel; Wire, Not Alloyed in Thailand - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Thailand (CIF) - 2022
- Imports of Nickel; Wire, Not Alloyed in Thailand
Price for Nickel; Wire, Not Alloyed in Thailand (CIF) - 2022
In 2022, the average nickel; wire, not alloyed import price amounted to $33,229 per ton, growing by 34% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; wire, not alloyed import price increased by +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($32,142 per ton), while the price for Germany stood at $26,745 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced a decline.
Imports of Nickel; Wire, Not Alloyed in Thailand
In 2022, the amount of nickel; wire, not alloyeds imported into Thailand dropped sharply to 26 tons, falling by -15.6% against 2021. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 28%.
In value terms, nickel; wire, not alloyed imports expanded significantly to $857K in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +72.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Nickel; Wire, Not Alloyed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 321 | 362 | 611 | 815 | 36.4% |
| Austria | 102 | 63.5 | 84.9 | N/A | -8.8% |
| Germany | 268 | 57.7 | N/A | N/A | -78.5% |
| Others | 90.0 | 13.9 | 59.8 | 42.4 | -22.2% |
| Total | 781 | 497 | 755 | 857 | 3.1% |
Top Suppliers of Nickel; Wire, Not Alloyed to Thailand in 2022:
- Germany (undefined tons)
- India (25.4 tons)
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