Price for Nickel; Tube and Pipe Fittings in Hong Kong SAR - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Hong Kong SAR (FOB) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Hong Kong SAR (CIF) - 2023
3. Exports of Nickel; Tube and Pipe Fittings in Hong Kong SAR
4. Imports of Nickel; Tube and Pipe Fittings in Hong Kong SAR

Price for Nickel; Tube and Pipe Fittings in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $227,416 per ton, which is down by -15.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 657%. The export price peaked at $479,707 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($289,375 per ton), while the average price for exports to Peru ($36,385 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-2.7%), while the prices for the other major destinations experienced a decline.

Price for Nickel; Tube and Pipe Fittings in Hong Kong SAR (CIF) - 2023

The average import price for nickel; tube and pipe fittingses stood at $400K per ton in February 2023, leveling off at the previous month. Over the period under review, the import price showed a deep reduction. As a result, import price attained the peak level of $721K per ton. From December 2022 to February 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From November 2022 to February 2023, the rate of growth in terms of prices for Japan amounted to -17.8% per month.

Exports of Nickel; Tube and Pipe Fittings in Hong Kong SAR

In 2022, shipments abroad of nickel; tube and pipe fittingses increased by 779% to 510 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous decline.

In value terms, nickel; tube and pipe fittings exports soared to $116K in 2022. Over the period under review, exports, however, showed a sharp downturn.

Top Export Markets for Nickel; Tube and Pipe Fittings from Hong Kong SAR in 2022:

1. China (434.0 kg)
2. Peru (52.0 kg)
3. United States (24.0 kg)

Imports of Nickel; Tube and Pipe Fittings in Hong Kong SAR

In 2022, overseas purchases of nickel; tube and pipe fittingses decreased by -99.1% to 37 kg, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 5.5%. As a result, imports reached the peak of 4 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nickel; tube and pipe fittings imports declined notably to $11K in 2022. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of $443K, and then declined remarkably in the following year.

Top Suppliers of Nickel; Tube and Pipe Fittings to Hong Kong SAR in 2022:

1. Japan (37.0 kg)

Source: IndexBox Market Intelligence Platform