Price for Nickel; Wire, of Nickel Alloys in Hong Kong SAR - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Hong Kong SAR (FOB) - 2023
- Price for Nickel; Wire, of Nickel Alloys in Hong Kong SAR (CIF) - 2022
- Exports of Nickel; Wire, of Nickel Alloys in Hong Kong SAR
- Imports of Nickel; Wire, of Nickel Alloys in Hong Kong SAR
Price for Nickel; Wire, of Nickel Alloys in Hong Kong SAR (FOB) - 2023
The average export price for nickel; wire, of nickel alloyses stood at $47,604 per ton in June 2023, jumping by 124% against the previous month. Over the period under review, the export price, however, saw a abrupt slump. The export price peaked at $128K per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In June 2023, the country with the highest price was Canada ($67,377 per ton), while the average price for exports to China stood at $47,137 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+33.1%).
Price for Nickel; Wire, of Nickel Alloys in Hong Kong SAR (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $31,317 per ton in 2022, falling by -6.5% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. The import price peaked at $35,834 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($251,162 per ton), while the price for China ($17,088 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced a decline.
Exports of Nickel; Wire, of Nickel Alloys in Hong Kong SAR
In 2022, the amount of nickel; wire, of nickel alloyses exported from Hong Kong SAR dropped to 77 tons, reducing by -8.9% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of 85 tons, and then shrank in the following year.
In value terms, nickel; wire, of nickel alloys exports declined significantly to $2.6M in 2022. Over the period under review, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of $3.2M, and then shrank sharply in the following year.
| Export of Nickel; Wire, of Nickel Alloys in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 1.7 | 2.9 | 2.4 | 1.4% |
| Malaysia | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Total | 2.5 | 2.0 | 3.2 | 2.6 | 1.3% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Hong Kong SAR in 2022:
- China (73.6 tons)
- Malaysia (1.1 tons)
Imports of Nickel; Wire, of Nickel Alloys in Hong Kong SAR
In 2022, nickel; wire, of nickel alloys imports into Hong Kong SAR contracted remarkably to 72 tons, declining by -20.8% on 2021 figures. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 68%.
In value terms, nickel; wire, of nickel alloys imports shrank notably to $2.3M in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, imports attained the peak of $3M, and then dropped sharply in the following year.
| Import of Nickel; Wire, of Nickel Alloys in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,263 | 606 | 1,264 | 990 | -7.8% |
| South Korea | 20.8 | 23.1 | 687 | 538 | 195.7% |
| United States | 637 | 343 | 491 | 384 | -15.5% |
| Germany | 407 | 423 | 399 | 316 | -8.1% |
| Malaysia | 105 | 59.9 | N/A | N/A | -43.0% |
| Costa Rica | 261 | N/A | N/A | N/A | 0% |
| Others | 130 | 8.6 | 205 | 27.2 | -40.6% |
| Total | 2,825 | 1,464 | 3,046 | 2,255 | -7.2% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Hong Kong SAR in 2022:
- China (57.9 tons)
- Germany (9.2 tons)
- South Korea (2.1 tons)
- United States (1.8 tons)
1582
In value terms, nickel powders and flakes imports amounted to $X in 2016. In general, nickel powders and flakes imports continue to indicate a drastic shrinkage. Global nickel powders and flakes im...
1697
In value terms, nickel bars, rods, profiles and wire imports totaled $X in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...
902
In value terms, nickel powders and flakes exports amounted to $X in 2016. Overall, nickel powders and flakes exports continue to indicate a drastic curtailment. Over the period under review, global...
646
In value terms, nickel bars, rods, profiles and wire exports amounted to $X in 2016. In general, nickel bars, rods, profiles and wire exports continue to indicate a deep decrease. Over the period u...
