Price for Nickel; Tube and Pipe Fittings in Pakistan - 2022

Price for Nickel; Tube and Pipe Fittings in Pakistan (CIF) - 2022

The average import price for nickel; tube and pipe fittingses stood at $34,419 per ton in 2022, growing by 37% against the previous year. Overall, the import price showed a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 248%. Over the period under review, average import prices hit record highs at $39,885 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($36,173 per ton), while the price for the United States totaled $21,326 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.3%), while the prices for the other major suppliers experienced a decline.

Price for Nickel; Tube and Pipe Fittings in Pakistan (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $2,320 per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 143%. As a result, the export price attained the peak level of $5,662 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($2,335 per ton), while the average price for exports to the United Arab Emirates amounted to $500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-2.9%).

Imports of Nickel; Tube and Pipe Fittings in Pakistan

In 2022, approx. 18 tons of nickel; tube and pipe fittingses were imported into Pakistan; with an increase of 895% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel; tube and pipe fittings imports soared to $614K in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nickel; Tube and Pipe Fittings in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.3	5.6	2.8	572	349.5%
United States	1.2	5.1	2.6	39.7	221.0%
Malaysia	2.8	3.4	5.1	N/A	35.0%
United Arab Emirates	15.8	42.8	4.7	N/A	-45.5%
Italy	2.8	22.3	14.4	N/A	126.8%
Others	11.1	73.2	15.4	3.0	-35.3%
Total	39.9	152	45.1	614	148.7%

Top Suppliers of Nickel; Tube and Pipe Fittings to Pakistan in 2022:

China (15.8 tons)
United States (1.9 tons)

Exports of Nickel; Tube and Pipe Fittings in Pakistan

For the third consecutive year, Pakistan recorded decline in overseas shipments of nickel; tube and pipe fittingses, which decreased by 0% to 3.1 tons in 2022. In general, exports faced a sharp reduction. The smallest decline of -10.3% was in 2020.

In value terms, nickel; tube and pipe fittings exports totaled $7.2K in 2022. Overall, exports faced a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 0.6% against the previous year. As a result, the exports attained the peak of $14K. From 2021 to 2022, the growth of the exports failed to regain momentum.