Price for Nickel; Plates, Sheets, Strip and Foil in Malaysia - 2024
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Malaysia (CIF) - 2024
- Price for Nickel; Plates, Sheets, Strip and Foil in Malaysia (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in Malaysia
- Exports of Nickel; Plates, Sheets, Strip and Foil in Malaysia
Price for Nickel; Plates, Sheets, Strip and Foil in Malaysia (CIF) - 2024
The average import price for nickel; plates, sheets, strip and foils stood at $3,847 per ton in January 2024, reducing by -33% against the previous month. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in May 2023 an increase of 99% month-to-month. Over the period under review, average import prices attained the maximum at $15,928 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($14,614 per ton), while the price for South Korea ($1,581 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Plates, Sheets, Strip and Foil in Malaysia (FOB) - 2022
The average export price for nickel; plates, sheets, strip and foils stood at $10,434 per ton in 2022, dropping by -11.4% against the previous year. Over the period under review, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $13,608 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($12,092 per ton), while the average price for exports to Thailand ($4,803 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 the Netherlands (+49.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Plates, Sheets, Strip and Foil in Malaysia
In 2022, after three years of growth, there was significant decline in purchases abroad of nickel; plates, sheets, strip and foils, when their volume decreased by -12.6% to 2.6K tons. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports attained the peak of 2.9K tons, and then declined in the following year.
In value terms, imports of nickel; plates, sheets, strip and foils shrank rapidly to $21M in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 45%.
| Import of Nickel; Plates, Sheets, Strip and Foil in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 5.8 | 16.5 | 8.3 | 23.6% |
| Japan | 2.3 | 9.7 | 8.0 | 4.2 | 22.2% |
| South Korea | 1.8 | 1.9 | 2.0 | 3.8 | 28.3% |
| United States | 1.1 | 1.2 | 3.1 | 2.6 | 33.2% |
| Denmark | N/A | N/A | N/A | 0.7 | 0% |
| Germany | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Singapore | 5.1 | 3.4 | 1.2 | 0.2 | -66.0% |
| Others | 1.2 | 1.1 | 1.5 | 0.8 | -12.6% |
| Total | 16.1 | 23.3 | 32.9 | 21.3 | 9.8% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Malaysia in 2022:
- Japan (914.3 tons)
- China (672.1 tons)
- United States (332.6 tons)
- South Korea (233.6 tons)
- Denmark (193.6 tons)
- Germany (100.5 tons)
- Singapore (20.1 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in Malaysia
In 2022, exports of nickel; plates, sheets, strip and foils from Malaysia soared to 599 tons, rising by 958% against 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; plates, sheets, strip and foils skyrocketed to $6.2M in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Plates, Sheets, Strip and Foil in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | N/A | N/A | 2,938 | 871.9% |
| Japan | 49.4 | 11.6 | 58.9 | 1,385 | 203.8% |
| Singapore | 286 | 249 | 250 | 1,290 | 65.2% |
| United States | 36.1 | 67.3 | 93.9 | 404 | 123.7% |
| Thailand | N/A | 18.1 | 3.0 | 86.9 | 119.1% |
| India | 285 | N/A | N/A | 2.5 | -79.4% |
| Philippines | 246 | 106 | 188 | N/A | -12.6% |
| Others | 57.4 | 6.2 | 73.3 | 141 | 34.9% |
| Total | 963 | 458 | 667 | 6,248 | 86.5% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from Malaysia in 2022:
- China (245.2 tons)
- Japan (173.3 tons)
- Singapore (119.4 tons)
- United States (33.4 tons)
- Thailand (18.1 tons)
- India (0.5 tons)
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