Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore (CIF) - 2023
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore (FOB) - 2023
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore (CIF) - 2023
In September 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $45,592 per ton, increasing by 131% against the previous month. In general, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($103K per ton), while the price for Indonesia ($2,772 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore (FOB) - 2023
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $35,770 per ton in September 2022, reducing by -37.5% against the previous month. Over the period under review, the export price continues to indicate a slight setback. The pace of growth appeared the most rapid in August 2022 an increase of 47% against the previous month. As a result, the export price reached the peak level of $57,213 per ton, and then contracted sharply in the following month.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was India ($137K per ton), while the average price for exports to Australia ($11,444 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+179.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore
In 2022, approx. 2.3K tons of nickel; bars, rods and profiles, of nickel alloyses were imported into Singapore; increasing by 23% compared with the previous year. In general, imports, however, saw a pronounced curtailment.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $79M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +83.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 16.2 | 10.7 | 8.4 | 22.8 | 12.1% |
| Austria | 14.0 | 8.8 | 14.0 | 17.9 | 8.5% |
| Germany | 7.1 | 3.8 | 4.1 | 10.0 | 12.1% |
| Australia | 3.0 | 0.7 | 0.5 | 7.0 | 32.6% |
| United States | 14.3 | 11.5 | 7.2 | 6.5 | -23.1% |
| United Kingdom | 5.6 | 3.5 | 6.7 | 6.1 | 2.9% |
| China | 0.2 | 1.1 | 1.0 | 2.5 | 132.1% |
| Malaysia | 2.2 | 2.0 | 3.2 | 1.4 | -14.0% |
| Others | 4.3 | 1.0 | 1.9 | 4.7 | 3.0% |
| Total | 66.9 | 43.1 | 47.0 | 78.8 | 5.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Singapore in 2022:
- Italy (629.3 tons)
- Austria (577.2 tons)
- Germany (262.1 tons)
- Australia (236.6 tons)
- United Kingdom (199.6 tons)
- United States (170.7 tons)
- China (64.8 tons)
- Malaysia (55.4 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore
Exports of nickel; bars, rods and profiles, of nickel alloyses from Singapore soared to 636 tons in 2022, growing by 47% compared with the previous year. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses surged to $18M in 2022. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 2.0 | 2.6 | 5.2 | 3.4% |
| India | 1.0 | 0.9 | 1.1 | 3.5 | 51.8% |
| United States | 0.3 | 2.1 | 0.3 | 1.5 | 71.0% |
| Malaysia | 4.3 | 2.1 | 2.0 | 1.5 | -29.6% |
| Vietnam | 1.1 | 0.2 | 1.2 | 1.5 | 10.9% |
| Australia | N/A | N/A | N/A | 1.3 | 0% |
| Indonesia | 0.5 | 0.2 | 0.9 | 1.1 | 30.1% |
| United Arab Emirates | 0.1 | 1.1 | 0.6 | 0.9 | 108.0% |
| United Kingdom | 0.2 | N/A | 0.1 | 0.5 | 35.7% |
| Others | 0.7 | 0.6 | 0.7 | 0.6 | -5.0% |
| Total | 12.8 | 9.2 | 9.4 | 17.6 | 11.2% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Singapore in 2022:
- China (143.1 tons)
- India (106.4 tons)
- Malaysia (88.1 tons)
- Australia (72.8 tons)
- United States (52.5 tons)
- United Arab Emirates (48.3 tons)
- Vietnam (44.6 tons)
- Indonesia (34.8 tons)
- United Kingdom (24.6 tons)
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