Price for Nickel; Tube and Pipe Fittings in Saudi Arabia - 2021

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Saudi Arabia (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Saudi Arabia (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Saudi Arabia
4. Exports of Nickel; Tube and Pipe Fittings in Saudi Arabia

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

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $43,902 per ton, growing by 11% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($381,021 per ton), while the price for Jordan ($1,867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+59.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $40,644 per ton, falling by -19.3% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 245% against the previous year. Over the period under review, the average export prices reached the maximum at $174,447 per ton in 2012; however, from 2013 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 Bahrain ($391,040 per ton), while the average price for exports to Kuwait ($26,154 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 Bahrain (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Tube and Pipe Fittings in Saudi Arabia

Nickel; tube and pipe fittings imports into Saudi Arabia declined to 102 tons in 2022, with a decrease of -14.4% compared with the previous year's figure. Over the period under review, imports saw a precipitous decrease. The smallest decline of -7.2% was in 2021.

In value terms, nickel; tube and pipe fittings imports fell to $4.5M in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.

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

1. Austria (23.3 tons)
2. United Arab Emirates (14.9 tons)
3. Japan (11.5 tons)
4. India (10.6 tons)
5. South Korea (7.4 tons)
6. Jordan (5.6 tons)
7. United States (3.0 tons)
8. Italy (2.9 tons)
9. Canada (1.7 tons)

Exports of Nickel; Tube and Pipe Fittings in Saudi Arabia

In 2022, the amount of nickel; tube and pipe fittingses exported from Saudi Arabia expanded rapidly to 5.2 tons, increasing by 10% against the previous year. The total export volume increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 30%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, nickel; tube and pipe fittings exports fell to $211K in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $237K, and then fell in the following year.

Top Export Markets for Nickel; Tube and Pipe Fittings from Saudi Arabia in 2022:

1. United Arab Emirates (4.3 tons)
2. Kuwait (0.8 tons)

Source: IndexBox Market Intelligence Platform