Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in China - 2024
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in China (FOB) - 2022
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in China (CIF) - 2024
- Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in China
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in China
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in China (FOB) - 2022
In 2022, the average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $13,902 per ton, rising by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 35%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($16,699 per ton) and Brazil ($16,406 per ton), while the average price for exports to Romania ($12,821 per ton) and the Netherlands ($13,088 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in China (CIF) - 2024
In December 2023, the average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $20,336 per ton, with a decrease of -10.8% against the previous month. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 41% month-to-month. The import price peaked at $34,965 per ton in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($186K per ton), while the price for France ($10,776 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in China
In 2022, overseas shipments of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) were finally on the rise to reach 4.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep reduction.
In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) skyrocketed to $58M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.9 | 3.3 | 5.8 | 9.8 | 18.4% |
| South Korea | 9.7 | 10.2 | 10.7 | 9.4 | -1.0% |
| Italy | 1.8 | 1.1 | 4.4 | 8.0 | 64.4% |
| United States | 6.4 | 1.7 | 5.4 | 6.7 | 1.5% |
| Vietnam | 3.3 | 7.8 | 2.8 | 3.4 | 1.0% |
| India | 0.8 | 0.8 | 1.0 | 2.3 | 42.2% |
| Belgium | 1.9 | 0.8 | 1.4 | 2.3 | 6.6% |
| United Kingdom | 0.5 | 0.3 | 1.4 | 1.7 | 50.4% |
| Brazil | 0.3 | 0.3 | 0.6 | 1.5 | 71.0% |
| Canada | 1.1 | 0.7 | 2.0 | 1.3 | 5.7% |
| Taiwan (Chinese) | 1.0 | 1.1 | 1.3 | 1.1 | 3.2% |
| Germany | 4.6 | 1.3 | 3.0 | 1.1 | -37.9% |
| Romania | N/A | 0.3 | N/A | 1.0 | 82.6% |
| Others | 11.4 | 9.8 | 8.9 | 8.8 | -8.3% |
| Total | 48.7 | 39.3 | 48.6 | 58.3 | 6.2% |
Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from China in 2022:
- Netherlands (747.0 tons)
- South Korea (697.5 tons)
- Italy (606.1 tons)
- United States (503.8 tons)
- Vietnam (249.3 tons)
- Belgium (159.6 tons)
- India (137.9 tons)
- United Kingdom (129.9 tons)
- Brazil (93.1 tons)
- Canada (90.1 tons)
- Germany (81.7 tons)
- Taiwan (Chinese) (80.9 tons)
- Romania (78.7 tons)
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in China
In 2022, the amount of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) imported into China skyrocketed to 756 tons, picking up by 30% compared with the previous year. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 72%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) surged to $17M in 2022. Over the period under review, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 117% against the previous year. As a result, imports reached the peak of $56M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.5 | 2.6 | 3.9 | 5.2 | 14.1% |
| Germany | 2.6 | 9.9 | 4.6 | 3.3 | 8.3% |
| France | 2.6 | 0.2 | 1.6 | 2.3 | -4.0% |
| United States | 15.2 | 41.3 | 1.7 | 2.0 | -49.1% |
| Italy | N/A | 0.1 | 0.8 | 1.9 | 335.9% |
| Japan | 1.5 | 1.0 | 0.7 | 1.2 | -7.2% |
| Singapore | 0.1 | 0.2 | N/A | 0.4 | 58.7% |
| Australia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Vietnam | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 25.9 | 56.1 | 13.8 | 16.7 | -13.6% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to China in 2022:
- South Korea (290.9 tons)
- France (131.0 tons)
- Italy (120.7 tons)
- Germany (96.6 tons)
- United States (64.5 tons)
- Singapore (18.0 tons)
- Australia (15.9 tons)
- Japan (10.5 tons)
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