Price for Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR (FOB) - 2023
- Imports of Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR
- Exports of Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR
Price for Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $56,864 per ton in 2022, increasing by 75% against the previous year. Overall, the import price saw a prominent 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 South Korea ($419,059 per ton), while the price for Japan ($23,640 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR (FOB) - 2023
The average export price for nickel; bars, rods, profiles and wires stood at $36,833 per ton in August 2023, dropping by -11.2% against the previous month. Overall, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 101% month-to-month. As a result, the export price attained the peak level of $62,154 per ton. From July 2023 to August 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was India ($41,731 per ton), while the average price for exports to China totaled $36,304 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.6%).
Imports of Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR
In 2022, imports of nickel; bars, rods, profiles and wires into Hong Kong SAR surged to 151 tons, increasing by 31% against the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 41%.
In value terms, imports of nickel; bars, rods, profiles and wires soared to $8.6M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,039 | 944 | 1,734 | 2,326 | 4.5% |
| United States | 1,125 | 413 | 543 | 2,277 | 26.5% |
| Germany | 410 | 423 | 440 | 1,623 | 58.2% |
| South Korea | 20.8 | 23.1 | 687 | 1,400 | 306.8% |
| France | 82.3 | 26.3 | 2.0 | 458 | 77.2% |
| Singapore | 25.4 | 171 | 0.1 | 213 | 103.2% |
| Japan | 150 | 190 | 198 | 134 | -3.7% |
| Costa Rica | 261 | N/A | N/A | N/A | 0% |
| Others | 160 | 120 | 129 | 161 | 0.2% |
| Total | 4,274 | 2,310 | 3,733 | 8,591 | 26.2% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Hong Kong SAR in 2022:
- China (78.3 tons)
- Germany (34.0 tons)
- France (13.1 tons)
- Singapore (6.7 tons)
- United States (6.5 tons)
- Japan (5.7 tons)
- South Korea (3.3 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR
In 2022, exports of nickel; bars, rods, profiles and wires from Hong Kong SAR skyrocketed to 148 tons, with an increase of 40% compared with 2021. Overall, exports, however, saw a drastic downturn.
In value terms, exports of nickel; bars, rods, profiles and wires expanded rapidly to $4.5M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 2.8 | 3.8 | 4.2 | 1.6% |
| Others | 0.3 | 0.4 | 0.5 | 0.3 | 0.0% |
| Total | 4.3 | 3.2 | 4.2 | 4.5 | 1.5% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Hong Kong SAR in 2022:
- China (142.6 tons)
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