Vietnam - Unwrought Nickel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNickel Price in Vietnam - 2021
Contents:
- Nickel Price in Vietnam (CIF) - 2021
- Nickel Price in Vietnam (FOB) - 2022
- Nickel Imports in Vietnam
- Nickel Exports in Vietnam
Nickel Price in Vietnam (CIF) - 2021
The average nickel import price stood at $18,784 per ton in December 2021, therefore, remained relatively stable against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in January 2021 when the average import price increased by 30% month-to-month. The import price peaked at $19,024 per ton in November 2021, and then reduced in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were Japan ($20,986 per ton) and Taiwan (Chinese) ($20,899 per ton), while the price for the UK ($18,534 per ton) and Canada ($18,536 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel Price in Vietnam (FOB) - 2022
In 2022, the average nickel export price amounted to $37,825 per ton, reducing by -43.5% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 261% against the previous year. As a result, the export price reached the peak level of $66,983 per ton, and then contracted remarkably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($153,091 per ton), while the average price for exports to Japan ($32,414 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 Italy (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel Imports in Vietnam
In 2022, overseas purchases of unwrought nickel decreased by -1.4% to 997 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54%.
In value terms, nickel imports shrank to $16M in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year.
Import of Nickel in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 2.3 | 2.8 | 2.3 | 3.3 | 12.8% |
Norway | 0.6 | 1.1 | 3.5 | 3.1 | 72.9% |
South Korea | 0.2 | 0.4 | 2.0 | 2.1 | 119.0% |
Canada | 1.9 | 2.8 | 5.1 | 1.8 | -1.8% |
Japan | 0.7 | 2.2 | 2.2 | 1.2 | 19.7% |
Taiwan (Chinese) | 0.6 | 0.8 | 0.8 | 0.7 | 5.3% |
Malaysia | 0.5 | 1.6 | 0.4 | 0.7 | 11.9% |
Hong Kong SAR | 0.4 | 0.4 | 0.3 | 0.7 | 20.5% |
Brazil | 0.5 | 0.6 | 0.6 | 0.6 | 6.3% |
Australia | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
United Kingdom | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
Others | 0.4 | 0.4 | 0.7 | 1.2 | 44.2% |
Total | 8.6 | 13.7 | 18.8 | 16.3 | 23.8% |
Top Suppliers of Nickel to Vietnam in 2022:
- Norway (218.0 tons)
- Finland (170.3 tons)
- South Korea (147.4 tons)
- Canada (105.0 tons)
- Malaysia (65.0 tons)
- Japan (64.9 tons)
- Taiwan (Chinese) (48.8 tons)
- Hong Kong SAR (32.3 tons)
- United Kingdom (30.1 tons)
- Brazil (25.3 tons)
- Australia (24.8 tons)
Nickel Exports in Vietnam
In 2022, approx. 434 kg of unwrought nickel were exported from Vietnam; surging by 6.1% on 2021. Over the period under review, exports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 40%.
In value terms, nickel exports contracted rapidly to $16K in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 404% against the previous year. As a result, the exports reached the peak of $27K, and then contracted rapidly in the following year.
Export of Nickel in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | N/A | N/A | N/A | 12.0 | 0% |
South Korea | 1.0 | 4.1 | 18.0 | 2.7 | 39.2% |
Italy | 0.4 | 1.1 | 9.4 | 1.7 | 62.0% |
China | 3.5 | N/A | N/A | N/A | 0% |
Malaysia | 4.1 | N/A | N/A | N/A | 0% |
Lao People's Democratic Republic | N/A | 0.1 | N/A | N/A | 0% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 9.1 | 5.4 | 27.4 | 16.4 | 21.7% |
Top Export Markets for Nickel from Vietnam in 2022:
- Japan (370.0 kg)
- South Korea (53.0 kg)
- Italy (11.0 kg)
This report provides an in-depth analysis of the nickel market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24451100 - Nickel, unwrought
- Prodcom 24451110 -
- Prodcom 24451120 -
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the nickel market in Vietnam.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the nickel market in Vietnam.
This report provides an in-depth analysis of the nickel market in Vietnam.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the global nickel market.
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%