Price for Nickel; Plates, Sheets, Strip and Foil in India - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in India (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil in India (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in India
- Exports of Nickel; Plates, Sheets, Strip and Foil in India
Price for Nickel; Plates, Sheets, Strip and Foil in India (CIF) - 2022
In 2022, the average import price for nickel; plates, sheets, strip and foils amounted to $30,290 per ton, increasing by 29% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 33%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 Russia ($137,316 per ton), while the price for South Korea ($9,292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Plates, Sheets, Strip and Foil in India (FOB) - 2022
In 2022, the average export price for nickel; plates, sheets, strip and foils amounted to $37,295 per ton, surging by 38% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; plates, sheets, strip and foils increased by +62.7% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($64,958 per ton), while the average price for exports to Turkey ($7,188 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 France (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Plates, Sheets, Strip and Foil in India
In 2022, imports of nickel; plates, sheets, strip and foils into India rose markedly to 4K tons, growing by 7.5% compared with the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 11%. As a result, imports reached the peak of 4.1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of nickel; plates, sheets, strip and foils surged to $123M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel; Plates, Sheets, Strip and Foil in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 20.2 | 28.9 | 39.4 | 36.9 | 22.2% |
Germany | 11.1 | 19.1 | 15.2 | 28.3 | 36.6% |
Japan | 38.9 | 28.2 | 15.6 | 22.8 | -16.3% |
China | 4.7 | 4.7 | 4.1 | 11.1 | 33.2% |
Belgium | 1.7 | 4.3 | 1.9 | 4.3 | 36.3% |
Netherlands | 1.1 | 1.9 | 0.7 | 3.5 | 47.1% |
France | 2.2 | 4.5 | 2.6 | 2.7 | 7.1% |
United Kingdom | 1.6 | 1.1 | 1.3 | 2.5 | 16.0% |
United Arab Emirates | 0.7 | 0.7 | 0.7 | 2.2 | 46.5% |
Sweden | 1.2 | 1.0 | 1.9 | 1.7 | 12.3% |
Italy | 0.7 | 1.0 | 0.8 | 1.5 | 28.9% |
South Korea | 0.3 | 0.9 | 0.1 | 1.2 | 58.7% |
Others | 3.1 | 2.3 | 4.1 | 3.8 | 7.0% |
Total | 87.2 | 98.7 | 88.4 | 123 | 12.1% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to India in 2022:
- United States (1062.4 tons)
- Germany (797.2 tons)
- Japan (795.9 tons)
- China (423.7 tons)
- United Arab Emirates (178.5 tons)
- South Korea (129.7 tons)
- Netherlands (128.5 tons)
- Belgium (124.4 tons)
- France (74.9 tons)
- Sweden (71.0 tons)
- Italy (64.4 tons)
- United Kingdom (60.9 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in India
In 2022, exports of nickel; plates, sheets, strip and foils from India declined remarkably to 161 tons, with a decrease of -37.7% on the year before. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 127%. As a result, the exports reached the peak of 259 tons, and then contracted significantly in the following year.
In value terms, exports of nickel; plates, sheets, strip and foils contracted to $6M in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 167%. As a result, the exports attained the peak of $7M, and then fell in the following year.
Export of Nickel; Plates, Sheets, Strip and Foil in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 976 | 130 | 582 | 1,229 | 8.0% |
United States | 377 | 279 | 1,126 | 1,131 | 44.2% |
United Arab Emirates | 273 | 309 | 382 | 812 | 43.8% |
China | N/A | 192 | 2,513 | 404 | 45.1% |
Brazil | 29.3 | 209 | 376 | 322 | 122.3% |
Netherlands | 60.6 | 62.1 | 371 | 271 | 64.8% |
Kuwait | 66.1 | 41.2 | 80.4 | 197 | 43.9% |
Malaysia | 5.0 | 18.3 | 36.7 | 195 | 239.1% |
Qatar | 197 | 135 | 171 | 176 | -3.7% |
France | 185 | 301 | 249 | 159 | -4.9% |
United Kingdom | 17.0 | 8.6 | 37.0 | 134 | 99.0% |
Bahrain | 2.8 | N/A | 10.2 | 131 | 260.3% |
Turkey | 49.7 | 108 | 103 | 36.4 | -9.9% |
Others | 2,100 | 824 | 950 | 823 | -26.8% |
Total | 4,339 | 2,616 | 6,987 | 6,020 | 11.5% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from India in 2022:
- United Arab Emirates (30.0 tons)
- Saudi Arabia (25.3 tons)
- China (17.6 tons)
- United States (17.4 tons)
- Brazil (8.1 tons)
- Qatar (6.2 tons)
- Bahrain (6.1 tons)
- Netherlands (5.6 tons)
- France (5.2 tons)
- Turkey (5.1 tons)
- Kuwait (4.0 tons)
- United Kingdom (3.9 tons)
- Malaysia (3.8 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy plate in India.
Global Market for Nickel And Nickel Alloy Plate. This report provides an in-depth analysis of the global market for nickel and nickel alloy plate.
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