Price for Nickel; Bars, Rods, Profiles and Wire in Thailand - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Thailand (CIF) - 2024
- Price for Nickel; Bars, Rods, Profiles and Wire in Thailand (FOB) - 2024
- Imports of Nickel; Bars, Rods, Profiles and Wire in Thailand
- Exports of Nickel; Bars, Rods, Profiles and Wire in Thailand
Price for Nickel; Bars, Rods, Profiles and Wire in Thailand (CIF) - 2024
In September 2023, the average import price for nickel; bars, rods, profiles and wires amounted to $32,046 per ton, falling by -16.7% against the previous month. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 39% month-to-month. As a result, import price attained the peak level of $52,294 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($139K per ton), while the price for France ($21,189 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Bars, Rods, Profiles and Wire in Thailand (FOB) - 2024
In September 2023, the average export price for nickel; bars, rods, profiles and wires amounted to $34,249 per ton, growing by 5.3% against the previous month. Over the period under review, the export price saw a significant expansion. The pace of growth was the most pronounced in August 2023 an increase of 2,434% month-to-month. Over the period under review, the average export prices attained the maximum in September 2023.
As there is only one major export destination, the average price level is determined by prices for Germany.
From February 2023 to September 2023, the rate of growth in terms of prices for Germany amounted to +118.5% per month.
Imports of Nickel; Bars, Rods, Profiles and Wire in Thailand
Imports of nickel; bars, rods, profiles and wires into Thailand totaled 638 tons in 2022, picking up by 11% against the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods, profiles and wires soared to $22M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.4 | 6.4 | 5.3 | 6.4 | 13.3% |
| Germany | 4.1 | 3.2 | 4.3 | 4.3 | 1.6% |
| Taiwan (Chinese) | 0.8 | 1.3 | 2.0 | 2.5 | 46.2% |
| United Kingdom | 2.6 | 0.8 | 1.2 | 2.3 | -4.0% |
| India | 1.3 | 1.1 | 1.9 | 2.0 | 15.4% |
| United States | 1.8 | 1.6 | 0.5 | 1.4 | -8.0% |
| China | 0.4 | 0.5 | 1.1 | 1.3 | 48.1% |
| Austria | 0.2 | 0.4 | 0.5 | 0.8 | 58.7% |
| Others | 1.4 | 0.6 | 0.5 | 0.6 | -24.6% |
| Total | 16.9 | 15.9 | 17.3 | 21.7 | 8.7% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Thailand in 2022:
- Germany (162.4 tons)
- Japan (106.5 tons)
- Taiwan (Chinese) (101.1 tons)
- India (85.5 tons)
- United Kingdom (64.6 tons)
- China (39.2 tons)
- United States (31.1 tons)
- Austria (30.6 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; bars, rods, profiles and wires, when their volume decreased by -27.2% to 32 tons. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 759% against the previous year.
In value terms, exports of nickel; bars, rods, profiles and wires fell markedly to $475K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,114%. As a result, the exports reached the peak of $664K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Nickel; Bars, Rods, Profiles and Wire in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 416 | 290 | -30.3% |
| Malaysia | 34.1 | 35.1 | 42.7 | 94.6 | 40.5% |
| South Korea | N/A | 46.7 | N/A | 4.0 | -70.7% |
| Vietnam | 11.2 | 13.8 | 6.2 | 3.1 | -34.8% |
| United Kingdom | N/A | 307 | N/A | N/A | 0% |
| United States | 4.7 | 253 | N/A | N/A | 5283.0% |
| Others | 4.7 | 8.3 | 105 | 82.9 | 160.3% |
| Total | 54.7 | 664 | 570 | 475 | 105.5% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Thailand in 2022:
- China (30.5 tons)
- Malaysia (0.8 tons)
- South Korea (0.3 tons)
402
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Thailand.
595
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
1542
In value terms, nickel powders and flakes imports amounted to $X in 2016. In general, nickel powders and flakes imports continue to indicate a drastic shrinkage. Global nickel powders and flakes im...
1653
In value terms, nickel bars, rods, profiles and wire imports totaled $X in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...
855
In value terms, nickel powders and flakes exports amounted to $X in 2016. Overall, nickel powders and flakes exports continue to indicate a drastic curtailment. Over the period under review, global...
621
In value terms, nickel bars, rods, profiles and wire exports amounted to $X in 2016. In general, nickel bars, rods, profiles and wire exports continue to indicate a deep decrease. Over the period u...
