Nickel; Unwrought, Alloys Price in Malaysia - 2021
Contents:
- Nickel; Unwrought, Alloys Price in Malaysia (FOB) - 2022
- Nickel; Unwrought, Alloys Price in Malaysia (CIF) - 2022
- Nickel; Unwrought, Alloys Exports in Malaysia
- Nickel; Unwrought, Alloys Imports in Malaysia
Nickel; Unwrought, Alloys Price in Malaysia (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $4,037 per ton, which is down by -55.8% against the previous year. Overall, the export price, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. The export price peaked at $9,124 per ton in 2021, and then reduced remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +12.2% per year.
Nickel; Unwrought, Alloys Price in Malaysia (CIF) - 2022
In 2022, the average nickel; unwrought, alloys import price amounted to $7,362 per ton, waning by -40.2% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 18%. The import price peaked at $32,900 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 China ($7,357 per ton), while the price for the UK totaled $3,949 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.5%), while the prices for the other major suppliers experienced a decline.
Nickel; Unwrought, Alloys Exports in Malaysia
In 2022, overseas shipments of nickel; unwrought, alloyses were finally on the rise to reach 14 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt setback.
In value terms, nickel; unwrought, alloys exports fell dramatically to $57K in 2022. In general, exports, however, showed a precipitous shrinkage. The smallest decline of -22.1% was in 2020.
| Export of Nickel; Unwrought, Alloys in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.2 | N/A | N/A | 56.9 | 557.7% |
| China | 107 | 20.9 | 85.0 | N/A | -10.9% |
| India | 38.1 | 17.8 | 6.0 | N/A | -60.3% |
| United Arab Emirates | N/A | 79.1 | N/A | N/A | 0% |
| Singapore | 9.1 | 2.6 | N/A | N/A | -71.4% |
| Others | 0.1 | 0.1 | 2.8 | N/A | 429.2% |
| Total | 155 | 121 | 93.8 | 56.9 | -28.4% |
Top Export Markets for Nickel; Unwrought, Alloys from Malaysia in 2022:
- Indonesia (14.1 tons)
Nickel; Unwrought, Alloys Imports in Malaysia
After three years of growth, purchases abroad of nickel; unwrought, alloyses decreased by -97.2% to 36 tons in 2022. Over the period under review, imports saw a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 254% against the previous year.
In value terms, nickel; unwrought, alloys imports fell dramatically to $262K in 2022. Overall, imports showed a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 319% against the previous year. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Nickel; Unwrought, Alloys in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Russia | N/A | 12.1 | N/A | N/A | 0% |
| Norway | 0.3 | 0.4 | 1.4 | N/A | 116.0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| South Africa | 3.2 | 3.4 | 13.0 | N/A | 101.6% |
| Australia | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Others | 0.2 | 0.1 | 0.5 | N/A | 58.1% |
| Total | 3.9 | 16.2 | 15.6 | 0.3 | -57.5% |
Top Suppliers of Nickel; Unwrought, Alloys to Malaysia in 2022:
- China (34.2 tons)
- United Kingdom (1.1 tons)
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This report provides an in-depth analysis of the nickel market in Malaysia.
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This report provides an in-depth analysis of the nickel market in Malaysia.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1191
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
819
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1000
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
