Price for Nickel; Wire, of Nickel Alloys in South Korea - 2022
Contents:
- Price for Nickel; Wire, of Nickel Alloys in South Korea (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in South Korea (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in South Korea
- Exports of Nickel; Wire, of Nickel Alloys in South Korea
Price for Nickel; Wire, of Nickel Alloys in South Korea (CIF) - 2022
In December 2022, the average import price for nickel; wire, of nickel alloyses amounted to $42,004 per ton, with an increase of 9.6% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in September 2022 an increase of 45% month-to-month. As a result, import price attained the peak level of $48,145 per ton. From October 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($72,094 per ton), while the price for Sweden ($34,789 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 India (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in South Korea (FOB) - 2022
In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $23,328 per ton, reducing by -1.8% against the previous year. Overall, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The export price peaked at $28,513 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 the Netherlands ($34,820 per ton), while the average price for exports to Taiwan (Chinese) ($16,216 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 the Netherlands (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in South Korea
In 2022, overseas purchases of nickel; wire, of nickel alloyses increased by 20% to 906 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep reduction.
In value terms, nickel; wire, of nickel alloys imports reached $25M in 2022. In general, imports, however, faced a abrupt decrease.
| Import of Nickel; Wire, of Nickel Alloys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 21.7 | 14.5 | 8.9 | 11.9 | -18.1% |
| Germany | 6.6 | 4.5 | 2.6 | 3.6 | -18.3% |
| United States | 4.7 | 2.2 | 2.2 | 2.4 | -20.1% |
| Sweden | 2.4 | 2.3 | 1.9 | 1.8 | -9.1% |
| Japan | 2.8 | 1.2 | 2.1 | 1.6 | -17.0% |
| China | 0.9 | 1.8 | 1.4 | 1.1 | 6.9% |
| Austria | 0.8 | 0.4 | 1.3 | 1.0 | 7.7% |
| India | 1.0 | 0.3 | 0.7 | 0.5 | -20.6% |
| Others | 0.7 | 0.3 | 0.7 | 0.6 | -5.0% |
| Total | 41.7 | 27.6 | 21.7 | 24.6 | -16.1% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to South Korea in 2022:
- France (488.1 tons)
- Germany (121.3 tons)
- Sweden (98.6 tons)
- United States (55.0 tons)
- Austria (40.4 tons)
- China (36.5 tons)
- India (24.0 tons)
- Japan (23.2 tons)
Exports of Nickel; Wire, of Nickel Alloys in South Korea
In 2022, overseas shipments of nickel; wire, of nickel alloyses were finally on the rise to reach 379 tons after two years of decline. Overall, exports, however, recorded a mild shrinkage.
In value terms, nickel; wire, of nickel alloys exports reached $8.8M in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn.
| Export of Nickel; Wire, of Nickel Alloys in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,608 | 4,395 | 3,609 | 3,546 | -8.4% |
| Japan | 1,746 | 2,156 | 1,867 | 1,623 | -2.4% |
| Germany | 385 | 780 | 1,026 | 886 | 32.0% |
| India | 1,091 | 335 | 398 | 513 | -22.2% |
| Netherlands | 8.6 | 0.1 | 500 | 431 | 268.7% |
| Sweden | 796 | 24.1 | 30.5 | 239 | -33.0% |
| United States | 498 | 203 | 10.2 | 200 | -26.2% |
| Taiwan (Chinese) | 359 | 180 | 139 | 191 | -19.0% |
| United Arab Emirates | 77.3 | 220 | 218 | 188 | 34.5% |
| Others | 1,431 | 723 | 849 | 1,016 | -10.8% |
| Total | 10,999 | 9,017 | 8,646 | 8,831 | -7.1% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from South Korea in 2022:
- China (181.6 tons)
- Japan (56.1 tons)
- Germany (47.7 tons)
- India (17.0 tons)
- Netherlands (12.4 tons)
- Taiwan (Chinese) (11.8 tons)
- Sweden (8.7 tons)
- United Arab Emirates (7.4 tons)
- United States (7.0 tons)
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