Price for Nickel; Wire, of Nickel Alloys in Malaysia - 2021
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Malaysia (CIF) - 2021
- Price for Nickel; Wire, of Nickel Alloys in Malaysia (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Malaysia
- Exports of Nickel; Wire, of Nickel Alloys in Malaysia
Price for Nickel; Wire, of Nickel Alloys in Malaysia (CIF) - 2021
In December 2021, the average import price for nickel; wire, of nickel alloyses amounted to $10,015 per ton, dropping by -34.6% against the previous month. In general, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in February 2021 an increase of 154% m-o-m. As a result, import price reached the peak level of $18,952 per ton. From March 2021 to December 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($30,336 per ton), while the price for Italy ($5,674 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.4%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Wire, of Nickel Alloys in Malaysia (FOB) - 2022
In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $11,625 per ton, reducing by -2.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 52%. The export price peaked at $26,642 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($68,182 per ton), while the average price for exports to the Philippines ($5,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.1%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Wire, of Nickel Alloys in Malaysia
In 2022, nickel; wire, of nickel alloys imports into Malaysia declined notably to 302 tons, falling by -33.1% against the previous year. Overall, imports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2021 when imports increased by 125%. As a result, imports reached the peak of 451 tons, and then dropped markedly in the following year.
In value terms, nickel; wire, of nickel alloys imports contracted to $5M in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 36%.
| Import of Nickel; Wire, of Nickel Alloys in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,049 | 1,109 | 2,620 | 1,778 | 19.2% |
| Germany | 293 | 343 | 1,187 | 805 | 40.1% |
| Switzerland | 2,078 | 643 | 24.2 | 658 | -31.8% |
| China | 624 | 502 | 850 | 577 | -2.6% |
| United States | 1,168 | 351 | 525 | 481 | -25.6% |
| Thailand | 359 | 508 | 30.4 | 238 | -12.8% |
| India | 223 | 319 | 205 | 190 | -5.2% |
| Singapore | 64.4 | 211 | 129 | 106 | 18.1% |
| Others | 242 | 280 | 222 | 196 | -6.8% |
| Total | 6,101 | 4,265 | 5,793 | 5,029 | -6.2% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Malaysia in 2022:
- Japan (102.1 tons)
- Germany (45.4 tons)
- China (42.7 tons)
- Switzerland (34.2 tons)
- United States (23.4 tons)
- Thailand (19.4 tons)
- Singapore (11.1 tons)
- India (10.5 tons)
Exports of Nickel; Wire, of Nickel Alloys in Malaysia
Nickel; wire, of nickel alloys exports from Malaysia plummeted to 22 tons in 2022, reducing by -41.7% against 2021. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,129%. As a result, the exports attained the peak of 37 tons, and then fell significantly in the following year.
In value terms, nickel; wire, of nickel alloys exports dropped remarkably to $251K in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 622%. As a result, the exports attained the peak of $442K, and then contracted significantly in the following year.
| Export of Nickel; Wire, of Nickel Alloys in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 49.1 | 29.1 | 171 | 103 | 28.0% |
| Indonesia | 4.0 | 0.2 | 100 | 60.3 | 147.0% |
| Singapore | 77.6 | 9.5 | 72.1 | 43.4 | -17.6% |
| Philippines | 145 | 14.8 | 51.0 | 38.0 | -36.0% |
| Italy | 43.9 | 0.5 | 7.3 | 5.6 | -49.7% |
| Hong Kong SAR | 52.7 | 2.3 | N/A | N/A | -95.6% |
| India | N/A | 3.9 | 31.9 | N/A | 717.9% |
| Others | 14.5 | 0.8 | 7.9 | 0.9 | -60.4% |
| Total | 387 | 61.2 | 442 | 251 | -13.4% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Malaysia in 2022:
- Indonesia (9.5 tons)
- Philippines (7.5 tons)
- United States (3.7 tons)
- Singapore (0.6 tons)
- Italy (0.4 tons)
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