Nickel; Unwrought, Alloys Price in the Philippines - 2023
Contents:
- Nickel; Unwrought, Alloys Price in the Philippines (CIF) - 2022
- Nickel; Unwrought, Alloys Imports in the Philippines
Nickel; Unwrought, Alloys Price in the Philippines (CIF) - 2022
The average nickel; unwrought, alloys import price stood at $15,076 per ton in 2022, which is down by -27.7% against the previous year. Over the period under review, the import price, however, saw noticeable growth. The pace of growth was the most pronounced in 2019 an increase of 133% against the previous year. The import price peaked at $20,857 per ton in 2021, and then shrank rapidly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -1.9% per year.
Nickel; Unwrought, Alloys Imports in the Philippines
Nickel; unwrought, alloys imports into the Philippines soared to 12 tons in 2022, jumping by 283% compared with the previous year's figure. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 367%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, nickel; unwrought, alloys imports surged to $185K in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 352% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Unwrought, Alloys in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 45.1 | 60.9 | 184 | 102.0% |
| South Korea | 11.9 | 8.7 | 6.0 | N/A | -29.0% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 11.9 | 53.7 | 66.9 | 185 | 149.6% |
Top Suppliers of Nickel; Unwrought, Alloys to the Philippines in 2022:
- Japan (12.3 tons)
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This report provides an in-depth analysis of the nickel market in the Philippines.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in the Philippines.
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This report provides an in-depth analysis of the nickel market in the Philippines.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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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...
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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...
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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%
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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
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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.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1203
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...
841
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...
1011
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%
