Price for Nickel; Wire, of Nickel Alloys in Vietnam - 2021

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in Vietnam (CIF) - 2022
2. Price for Nickel; Wire, of Nickel Alloys in Vietnam (FOB) - 2022
3. Imports of Nickel; Wire, of Nickel Alloys in Vietnam
4. Exports of Nickel; Wire, of Nickel Alloys in Vietnam

Price for Nickel; Wire, of Nickel Alloys in Vietnam (CIF) - 2022

The average import price for nickel; wire, of nickel alloyses stood at $37,694 per ton in 2022, which is down by -17.7% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; wire, of nickel alloys import price decreased by -39.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $61,774 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($41,771 per ton), while the price for Switzerland ($1,517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Wire, of Nickel Alloys in Vietnam (FOB) - 2022

The average export price for nickel; wire, of nickel alloyses stood at $25,025 per ton in 2022, surging by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of 32%. The export price peaked at $37,527 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($26,691 per ton), while the average price for exports to Switzerland ($2,038 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 Switzerland (+90.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Wire, of Nickel Alloys in Vietnam

For the fourth consecutive year, Vietnam recorded growth in purchases abroad of nickel; wire, of nickel alloyses, which increased by 16% to 96 tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nickel; wire, of nickel alloys imports fell slightly to $3.6M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9% against the previous year. As a result, imports attained the peak of $3.8M, and then contracted in the following year.

Top Suppliers of Nickel; Wire, of Nickel Alloys to Vietnam in 2022:

1. Japan (84.0 tons)
2. Switzerland (7.6 tons)
3. China (1.0 tons)

Exports of Nickel; Wire, of Nickel Alloys in Vietnam

After two years of decline, overseas shipments of nickel; wire, of nickel alloyses increased by 7% to 730 kg in 2022. In general, exports, however, faced a sharp descent.

In value terms, nickel; wire, of nickel alloys exports skyrocketed to $18K in 2022. Over the period under review, exports, however, saw a abrupt curtailment.

Top Export Markets for Nickel; Wire, of Nickel Alloys from Vietnam in 2022:

1. China (679.0 kg)
2. Switzerland (39.0 kg)

Source: IndexBox Market Intelligence Platform