Price for Nickel; Bars, Rods, Profiles and Wire in India - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in India (CIF) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in India (FOB) - 2023
- Imports of Nickel; Bars, Rods, Profiles and Wire in India
- Exports of Nickel; Bars, Rods, Profiles and Wire in India
Price for Nickel; Bars, Rods, Profiles and Wire in India (CIF) - 2023
In July 2023, the average import price for nickel; bars, rods, profiles and wires amounted to $37,563 per ton, therefore, remained relatively stable against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 28% m-o-m. The import price peaked at $39,586 per ton in April 2023; however, from May 2023 to July 2023, 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 ($67,680 per ton), while the price for Sweden ($18,954 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in India (FOB) - 2023
In July 2023, the average export price for nickel; bars, rods, profiles and wires amounted to $30,840 per ton, with a decrease of -7.6% against the previous month. In general, the export price showed a slight decline. The growth pace was the most rapid in May 2023 an increase of 6.4% m-o-m. The export price peaked at $36,175 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the United Arab Emirates ($42,155 per ton), while the average price for exports to Belgium ($21,734 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in India
Imports of nickel; bars, rods, profiles and wires into India expanded rapidly to 4.6K tons in 2022, surging by 5.8% against the previous year's figure. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods, profiles and wires surged to $140M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +61.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 17.0 | 28.5 | 44.8 | 55.1% |
| United Kingdom | 19.8 | 11.4 | 12.1 | 17.7 | -3.7% |
| United States | 14.9 | 9.1 | 12.6 | 13.6 | -3.0% |
| Germany | 10.8 | 6.4 | 10.6 | 10.7 | -0.3% |
| Sweden | 9.3 | 13.6 | 10.5 | 9.5 | 0.7% |
| Japan | 5.6 | 7.4 | 4.6 | 6.2 | 3.5% |
| France | 4.4 | 2.4 | 4.1 | 5.6 | 8.4% |
| Taiwan (Chinese) | 2.2 | 2.8 | 4.0 | 5.4 | 34.9% |
| Singapore | 2.3 | 1.4 | 1.6 | 4.9 | 28.7% |
| Brazil | 4.7 | 5.1 | 4.5 | 4.1 | -4.5% |
| United Arab Emirates | 1.1 | 0.5 | 1.2 | 2.4 | 29.7% |
| Italy | 3.2 | 2.0 | 3.7 | 2.0 | -14.5% |
| Others | 7.0 | 7.2 | 6.7 | 12.9 | 22.6% |
| Total | 97.2 | 86.4 | 105 | 140 | 12.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to India in 2022:
- China (1436.5 tons)
- Sweden (552.6 tons)
- United Kingdom (446.5 tons)
- Germany (333.2 tons)
- Singapore (289.9 tons)
- United States (237.4 tons)
- Taiwan (Chinese) (228.8 tons)
- Japan (218.8 tons)
- France (156.9 tons)
- United Arab Emirates (143.6 tons)
- Brazil (100.6 tons)
- Italy (78.1 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in India
Exports of nickel; bars, rods, profiles and wires from India expanded sharply to 1.8K tons in 2022, increasing by 9% compared with the previous year. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +64.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of nickel; bars, rods, profiles and wires surged to $52M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Nickel; Bars, Rods, Profiles and Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.5 | 3.9 | 9.0 | 13.0 | 54.9% |
| United States | 2.9 | 2.4 | 6.2 | 5.8 | 26.0% |
| Turkey | 0.8 | 2.5 | 1.8 | 5.1 | 85.4% |
| Brazil | 1.1 | 1.2 | 2.4 | 4.4 | 58.7% |
| Romania | N/A | N/A | 1.5 | 3.2 | 113.3% |
| South Korea | 2.0 | 1.0 | 1.9 | 2.3 | 4.8% |
| Saudi Arabia | 1.2 | 0.8 | 1.8 | 2.1 | 20.5% |
| United Kingdom | 1.1 | 0.7 | 1.5 | 1.6 | 13.3% |
| Thailand | 1.4 | 1.0 | 2.2 | 1.6 | 4.6% |
| Belgium | N/A | N/A | N/A | 1.5 | 0% |
| Philippines | 1.0 | 0.7 | 1.1 | 1.4 | 11.9% |
| United Arab Emirates | 0.5 | 0.9 | 1.3 | 1.2 | 33.9% |
| Germany | 0.2 | 0.4 | 1.7 | 1.2 | 81.7% |
| Others | 8.3 | 6.3 | 7.3 | 7.7 | -2.5% |
| Total | 23.8 | 21.9 | 39.6 | 52.1 | 29.8% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from India in 2022:
- Mexico (410.2 tons)
- Turkey (205.1 tons)
- United States (177.8 tons)
- Belgium (146.3 tons)
- Brazil (145.3 tons)
- Romania (103.4 tons)
- South Korea (77.2 tons)
- Thailand (66.2 tons)
- United Kingdom (50.8 tons)
- Philippines (48.2 tons)
- Germany (42.9 tons)
- United Arab Emirates (39.8 tons)
- Saudi Arabia (38.7 tons)
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