Price for Nickel; Tube and Pipe Fittings in China - 2023
Contents:
- Price for Nickel; Tube and Pipe Fittings in China (CIF) - 2023
- Price for Nickel; Tube and Pipe Fittings in China (FOB) - 2022
- Imports of Nickel; Tube and Pipe Fittings in China
- Exports of Nickel; Tube and Pipe Fittings in China
Price for Nickel; Tube and Pipe Fittings in China (CIF) - 2023
The average import price for nickel; tube and pipe fittingses stood at $172K per ton in June 2023, shrinking by -28.5% against the previous month. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 92% month-to-month. As a result, import price attained the peak level of $333K per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($683K per ton), while the price for Germany ($113K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in China (FOB) - 2022
The average export price for nickel; tube and pipe fittingses stood at $60,960 per ton in 2022, which is down by -4.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 65%. As a result, the export price attained the peak level of $94,149 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($182,731 per ton), while the average price for exports to Indonesia ($35,897 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 United Arab Emirates (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Tube and Pipe Fittings in China
In 2022, supplies from abroad of nickel; tube and pipe fittingses increased by 13% to 126 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt slump.
In value terms, nickel; tube and pipe fittings imports expanded remarkably to $18M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Nickel; Tube and Pipe Fittings in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.5 | 2.1 | 3.8 | 4.5 | 8.7% |
| United States | 4.0 | 3.0 | 3.6 | 3.6 | -3.5% |
| Germany | 2.5 | 3.0 | 3.0 | 3.5 | 11.9% |
| United Kingdom | 1.3 | 0.6 | 0.8 | 2.0 | 15.4% |
| Japan | 1.3 | 1.5 | 2.5 | 1.7 | 9.4% |
| Spain | 1.9 | 1.8 | 1.8 | 1.4 | -9.7% |
| South Korea | 0.9 | 0.7 | 0.5 | 0.1 | -51.9% |
| Czech Republic | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 1.2 | 0.8 | 1.5 | 28.9% |
| Total | 16.5 | 13.9 | 16.9 | 18.3 | 3.5% |
Top Suppliers of Nickel; Tube and Pipe Fittings to China in 2022:
- Italy (53.3 tons)
- Germany (34.6 tons)
- United States (8.8 tons)
- Spain (8.5 tons)
- Japan (8.1 tons)
- United Kingdom (7.2 tons)
- South Korea (0.7 tons)
Exports of Nickel; Tube and Pipe Fittings in China
For the fourth consecutive year, China recorded growth in overseas shipments of nickel; tube and pipe fittingses, which increased by 74% to 109 tons in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; tube and pipe fittings exports skyrocketed to $6.7M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Tube and Pipe Fittings in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 596 | 642 | 1,138 | 1,433 | 34.0% |
| Iraq | N/A | 52.0 | N/A | 1,026 | 344.2% |
| South Korea | 251 | 24.8 | 3.4 | 467 | 23.0% |
| Thailand | 23.5 | 130 | 99.2 | 432 | 163.9% |
| Russia | 37.2 | 54.4 | 387 | 429 | 125.9% |
| United States | 325 | 482 | 567 | 398 | 7.0% |
| India | 403 | 92.4 | 254 | 261 | -13.5% |
| Canada | N/A | N/A | 42.7 | 234 | 448.0% |
| Brazil | 7.8 | 87.9 | 40.0 | 216 | 202.5% |
| Kuwait | 4.4 | N/A | N/A | 203 | 258.7% |
| Oman | 428 | 11.4 | 331 | 187 | -24.1% |
| Indonesia | 72.3 | 1.8 | 2.1 | 101 | 11.8% |
| Others | 472 | 1,566 | 1,149 | 1,276 | 39.3% |
| Total | 2,620 | 3,143 | 4,014 | 6,662 | 36.5% |
Top Export Markets for Nickel; Tube and Pipe Fittings from China in 2022:
- United Arab Emirates (29.6 tons)
- Iraq (18.8 tons)
- Russia (9.8 tons)
- South Korea (7.3 tons)
- Thailand (6.3 tons)
- Canada (5.2 tons)
- India (4.8 tons)
- Brazil (3.6 tons)
- Oman (3.0 tons)
- Indonesia (2.8 tons)
- United States (2.2 tons)
- Kuwait (1.8 tons)
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This report provides an in-depth analysis of the market for nickel pipes and fittings in China.
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Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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