Price for Nickel; Bars, Rods, Profiles and Wire in Ethiopia - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Ethiopia (CIF) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Ethiopia
Price for Nickel; Bars, Rods, Profiles and Wire in Ethiopia (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $28,982 per ton in 2022, rising by 62% against the previous year. Over the period under review, the import price showed a measured increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($218,313 per ton), while the price for China ($19,754 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 (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Ethiopia
In 2022, imports of nickel; bars, rods, profiles and wires into Ethiopia declined markedly to 1.6 tons, falling by -65.2% against 2021 figures. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 23,475%.
In value terms, imports of nickel; bars, rods, profiles and wires reduced rapidly to $48K in 2022. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 33,067%. As a result, imports reached the peak of $85K, and then reduced sharply in the following year.
| Import of Nickel; Bars, Rods, Profiles and Wire in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.7 | 0.2 | 67.6 | 26.3 | -24.7% |
| United States | 1.7 | N/A | 1.8 | 7.0 | 60.3% |
| Italy | 4.7 | N/A | 6.3 | 4.9 | 1.4% |
| United Kingdom | 0.2 | N/A | 2.0 | 4.8 | 188.4% |
| India | 8.3 | N/A | 3.8 | 4.3 | -19.7% |
| Others | 6.4 | N/A | 3.1 | 0.3 | -63.9% |
| Total | 83.0 | 0.3 | 84.6 | 47.6 | -16.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Ethiopia in 2022:
- China (1332.0 kg)
- Italy (124.0 kg)
- India (98.0 kg)
- United Kingdom (48.0 kg)
- United States (32.0 kg)
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