Price for Nickel; Bars, Rods, Profiles and Wire in Indonesia - 2022

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Indonesia (CIF) - 2022
  2. Price for Nickel; Bars, Rods, Profiles and Wire in Indonesia (FOB) - 2022
  3. Imports of Nickel; Bars, Rods, Profiles and Wire in Indonesia
  4. Exports of Nickel; Bars, Rods, Profiles and Wire in Indonesia

Price for Nickel; Bars, Rods, Profiles and Wire in Indonesia (CIF) - 2022

The average import price for nickel; bars, rods, profiles and wires stood at $30,310 per ton in 2022, growing by 19% against the previous year. Over the period under review, the import price, however, showed a mild reduction. Over the period under review, average import prices attained the peak figure at $36,338 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($47,712 per ton), while the price for Singapore ($22,785 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods, Profiles and Wire in Indonesia (FOB) - 2022

In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $11,827 per ton, dropping by -55.4% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 351% against the previous year. Over the period under review, the average export prices attained the peak figure at $26,513 per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($32,218 per ton), while the average price for exports to Singapore ($10,668 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 Saudi Arabia (+193.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Bars, Rods, Profiles and Wire in Indonesia

In 2022, approx. 779 tons of nickel; bars, rods, profiles and wires were imported into Indonesia; rising by 27% on 2021 figures. Overall, imports, however, continue to indicate a abrupt contraction.

In value terms, imports of nickel; bars, rods, profiles and wires surged to $24M in 2022. Over the period under review, imports, however, saw a pronounced contraction.

Import of Nickel; Bars, Rods, Profiles and Wire in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore12.55.56.79.1-10.0%
Switzerland2.91.52.86.027.4%
Japan2.82.52.32.3-6.3%
China0.70.71.12.041.9%
France4.12.60.81.3-31.8%
Italy2.00.50.40.8-26.3%
India0.50.20.20.50.0%
Austria0.40.40.60.3-9.1%
Others0.51.00.71.337.5%
Total26.415.015.623.6-3.7%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Indonesia in 2022:

  1. Singapore (400.4 tons)
  2. Switzerland (154.6 tons)
  3. China (60.2 tons)
  4. Japan (50.7 tons)
  5. France (36.3 tons)
  6. Italy (22.0 tons)
  7. India (14.5 tons)
  8. Austria (9.9 tons)

Exports of Nickel; Bars, Rods, Profiles and Wire in Indonesia

For the fourth year in a row, Indonesia recorded growth in overseas shipments of nickel; bars, rods, profiles and wires, which increased by 398% to 46 tons in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; bars, rods, profiles and wires skyrocketed to $546K in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Nickel; Bars, Rods, Profiles and Wire in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore27.31.912.1463156.9%
MalaysiaN/AN/A60.861.30.8%
China22.2N/A0.821.5-1.1%
IndiaN/AN/A171N/A0%
Saudi ArabiaN/A146N/AN/A0%
Brazil52.8N/AN/AN/A0%
OthersN/A9.50.7N/A-92.6%
Total10215724654674.9%

Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Indonesia in 2022:

  1. Singapore (43.4 tons)
  2. Malaysia (1.9 tons)
  3. China (0.9 tons)

Source: IndexBox Market Intelligence Platform

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