Price for Nickel; Tube and Pipe Fittings in Japan - 2023

Price for Nickel; Tube and Pipe Fittings in Japan (FOB) - 2023

The average export price for nickel; tube and pipe fittingses stood at $53,728 per ton in July 2023, picking up by 19% against the previous month. In general, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in December 2022 when the average export price increased by 26% month-to-month. The export price peaked at $144K per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was South Korea ($81,109 per ton), while the average price for exports to Saudi Arabia amounted to $48,785 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.8%).

Price for Nickel; Tube and Pipe Fittings in Japan (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $366,883 per ton, which is down by -20.6% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; tube and pipe fittings import price increased by +55.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 96%. As a result, import price reached the peak level of $462,293 per ton, and then contracted dramatically in the following year.

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 the United States ($1,635,293 per ton), while the price for Taiwan (Chinese) ($83,247 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tube and Pipe Fittings in Japan

In 2022, the amount of nickel; tube and pipe fittingses exported from Japan was estimated at 46 tons, growing by 1.9% against 2021 figures. Overall, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of 99 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nickel; tube and pipe fittings exports reached $4.9M in 2022. In general, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, the exports attained the peak of $6.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Nickel; Tube and Pipe Fittings in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.3	1.4	2.0	1.3	63.0%
Saudi Arabia	2.8	3.3	1.4	1.2	-24.6%
Taiwan (Chinese)	N/A	0.4	0.6	0.9	50.0%
South Korea	0.1	0.2	0.1	0.5	71.0%
Others	1.0	1.3	0.7	1.0	0.0%
Total	4.2	6.5	4.8	4.9	5.3%

Top Export Markets for Nickel; Tube and Pipe Fittings from Japan in 2022:

Saudi Arabia (33.1 tons)
Taiwan (Chinese) (4.9 tons)
United States (3.6 tons)
South Korea (1.5 tons)

Imports of Nickel; Tube and Pipe Fittings in Japan

In 2022, supplies from abroad of nickel; tube and pipe fittingses decreased by -25.5% to 3.1 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a precipitous decline. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. As a result, imports reached the peak of 7.7 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel; tube and pipe fittings imports reduced rapidly to $1.1M in 2022. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 6% against the previous year. As a result, imports reached the peak of $1.9M, and then reduced notably in the following year.

Import of Nickel; Tube and Pipe Fittings in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,390	1,099	1,316	603	-24.3%
China	270	248	301	418	15.7%
India	N/A	11.6	45.8	40.1	85.9%
United Kingdom	38.5	9.7	140	18.3	-22.0%
France	2.6	2.0	N/A	10.1	57.2%
Taiwan (Chinese)	2.6	1.9	N/A	7.7	43.6%
South Korea	23.3	407	32.4	7.7	-30.9%
Others	65.7	43.4	96.1	37.1	-17.3%
Total	1,792	1,822	1,931	1,142	-13.9%