Price for Nickel; Wire, Not Alloyed in Japan - 2023

Contents:

1. Price for Nickel; Wire, Not Alloyed in Japan (FOB) - 2022
2. Price for Nickel; Wire, Not Alloyed in Japan (CIF) - 2022
3. Exports of Nickel; Wire, Not Alloyed in Japan
4. Imports of Nickel; Wire, Not Alloyed in Japan

Price for Nickel; Wire, Not Alloyed in Japan (FOB) - 2022

In 2022, the average nickel; wire, not alloyed export price amounted to $36,052 per ton, surging by 11% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. The export price peaked at $60,055 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($58,748 per ton), while the average price for exports to South Korea ($25,385 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 Thailand (-1.7%), while the prices for the other major destinations experienced a decline.

Price for Nickel; Wire, Not Alloyed in Japan (CIF) - 2022

In 2022, the average nickel; wire, not alloyed import price amounted to $30,510 per ton, with an increase of 8.5% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 22% against the previous year. The import price peaked at $33,889 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($35,431 per ton) and Germany ($30,766 per ton), while the price for India ($28,225 per ton) and South Korea ($28,792 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced a decline.

Exports of Nickel; Wire, Not Alloyed in Japan

In 2022, the amount of nickel; wire, not alloyeds exported from Japan expanded to 97 tons, growing by 2.2% on the year before. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, nickel; wire, not alloyed exports rose sharply to $3.5M in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Wire, Not Alloyed from Japan in 2022:

1. China (43.1 tons)
2. Thailand (24.9 tons)
3. Taiwan (Chinese) (15.2 tons)
4. South Korea (9.9 tons)
5. Indonesia (3.5 tons)

Imports of Nickel; Wire, Not Alloyed in Japan

Nickel; wire, not alloyed imports into Japan surged to 39 tons in 2022, jumping by 27% against the previous year. In general, imports, however, saw a perceptible reduction.

In value terms, nickel; wire, not alloyed imports skyrocketed to $1.2M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.3% 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 +49.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Wire, Not Alloyed to Japan in 2022:

1. India (22.3 tons)
2. China (6.4 tons)
3. Germany (6.2 tons)
4. South Korea (3.7 tons)

Source: IndexBox Market Intelligence Platform