Price for Nickel; Waste and Scrap in Kuwait - 2022

Contents:

1. Price for Nickel; Waste and Scrap in Kuwait (FOB) - 2022
2. Exports of Nickel; Waste and Scrap in Kuwait

Price for Nickel; Waste and Scrap in Kuwait (FOB) - 2022

The average nickel; waste and scrap export price stood at $10,505 per ton in 2022, growing by 23% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,413 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($10,802 per ton), while the average price for exports to the Netherlands ($7,573 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 Malaysia (+0.6%), while the prices for the other major destinations experienced a decline.

Exports of Nickel; Waste and Scrap in Kuwait

Nickel; waste and scrap exports from Kuwait declined sharply to 62 tons in 2022, waning by -43% against the year before. Over the period under review, exports faced a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year.

In value terms, nickel; waste and scrap exports dropped significantly to $654K in 2022. Overall, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year.

Top Export Markets for Nickel; Waste and Scrap from Kuwait in 2022:

1. India (37.4 tons)
2. Malaysia (22.7 tons)
3. Netherlands (2.2 tons)

Source: IndexBox Market Intelligence Platform