Price for Nickel; Tube and Pipe Fittings in South Africa - 2023

Contents:

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

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

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $28,120 per ton, falling by -42.9% against the previous year. Overall, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 142%. Over the period under review, average import prices reached the maximum at $65,448 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($239,408 per ton), while the price for Spain ($11,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tube and pipe fittingses stood at $7,587 per ton in 2022, waning by -12.6% against the previous year. In general, the export price, however, posted a notable increase. The growth pace was the most rapid in 2017 when the average export price increased by 270% against the previous year. As a result, the export price attained the peak level of $26,224 per ton. From 2018 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 Angola ($47,719 per ton), while the average price for exports to Botswana ($1,216 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 Angola (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tube and Pipe Fittings in South Africa

After two years of decline, supplies from abroad of nickel; tube and pipe fittingses increased by 159% to 7 tons in 2022. Overall, imports, however, recorded a sharp reduction.

In value terms, nickel; tube and pipe fittings imports skyrocketed to $197K in 2022. In general, imports, however, faced a dramatic contraction.

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

1. Spain (undefined tons)
2. China (5.9 tons)
3. Canada (0.3 tons)
4. United States (0.3 tons)
5. Germany (0.2 tons)
6. Belgium (0.2 tons)

Exports of Nickel; Tube and Pipe Fittings in South Africa

In 2022, the amount of nickel; tube and pipe fittingses exported from South Africa surged to 18 tons, increasing by 142% on 2021. Overall, exports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 584% against the previous year.

In value terms, nickel; tube and pipe fittings exports skyrocketed to $133K in 2022. In general, exports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 690% against the previous year.

Top Export Markets for Nickel; Tube and Pipe Fittings from South Africa in 2022:

1. Mozambique (6.5 tons)
2. Lesotho (3.0 tons)
3. Saint Helena, Ascension and Tristan da Cunha (2.2 tons)
4. Ghana (2.0 tons)
5. Namibia (1.8 tons)
6. Swaziland (0.7 tons)
7. Botswana (0.1 tons)

Source: IndexBox Market Intelligence Platform