Price for Nickel; Wire, of Nickel Alloys in the Philippines - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in the Philippines (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in the Philippines (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in the Philippines
- Exports of Nickel; Wire, of Nickel Alloys in the Philippines
Price for Nickel; Wire, of Nickel Alloys in the Philippines (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $27,945 per ton in 2022, surging by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2015 an increase of 45% against the previous year. As a result, import price attained the peak level of $30,503 per ton. From 2016 to 2022, the average import prices remained at a 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 the United States ($98,440 per ton), while the price for South Korea ($13,488 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in the Philippines (FOB) - 2022
The average export price for nickel; wire, of nickel alloyses stood at $11,991 per ton in 2022, growing by 3.6% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum at $41,058 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($12,126 per ton), while the average price for exports to China amounted to $9,917 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+26.3%).
Imports of Nickel; Wire, of Nickel Alloys in the Philippines
Nickel; wire, of nickel alloys imports into the Philippines dropped to 146 tons in 2022, waning by -13.1% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 168 tons, and then shrank in the following year.
In value terms, nickel; wire, of nickel alloys imports shrank to $4.1M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $4.6M, and then contracted in the following year.
| Import of Nickel; Wire, of Nickel Alloys in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 990 | 1,420 | 1,929 | 1,673 | 19.1% |
| Japan | 926 | 1,045 | 1,124 | 974 | 1.7% |
| India | 504 | 393 | 725 | 629 | 7.7% |
| United States | 264 | 201 | 355 | 308 | 5.3% |
| Malaysia | 290 | 380 | 242 | 260 | -3.6% |
| South Korea | 343 | 64.8 | 97.8 | 144 | -25.1% |
| China | 3.0 | 11.5 | 90.2 | 78.2 | 196.5% |
| Belgium | 353 | N/A | 0.1 | N/A | -98.3% |
| Others | 175 | 49.6 | 52.9 | 24.9 | -47.8% |
| Total | 3,847 | 3,565 | 4,616 | 4,090 | 2.1% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to the Philippines in 2022:
- Germany (73.3 tons)
- India (28.1 tons)
- Malaysia (15.3 tons)
- Japan (11.2 tons)
- South Korea (10.7 tons)
- China (3.2 tons)
- United States (3.1 tons)
Exports of Nickel; Wire, of Nickel Alloys in the Philippines
Nickel; wire, of nickel alloys exports from the Philippines rose notably to 3.5 tons in 2022, increasing by 5.6% on the previous year's figure. The total export volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 49%. As a result, the exports reached the peak of 3.6 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, nickel; wire, of nickel alloys exports rose rapidly to $41K in 2022. The total export value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 47%. As a result, the exports attained the peak of $45K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Nickel; Wire, of Nickel Alloys in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.6 | 43.5 | 36.7 | 40.3 | 10.8% |
| China | 0.9 | 1.1 | 0.9 | 1.0 | 3.6% |
| Germany | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.4 | 0.2 | 26.0% |
| Total | 30.6 | 45.0 | 37.9 | 41.5 | 10.7% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from the Philippines in 2022:
- Japan (3.3 tons)
- China (0.1 tons)
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