Price for Nickel; Wire, of Nickel Alloys in India - 2023

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in India (CIF) - 2023
2. Price for Nickel; Wire, of Nickel Alloys in India (FOB) - 2022
3. Imports of Nickel; Wire, of Nickel Alloys in India
4. Exports of Nickel; Wire, of Nickel Alloys in India

Price for Nickel; Wire, of Nickel Alloys in India (CIF) - 2023

In July 2023, the average import price for nickel; wire, of nickel alloyses amounted to $41,651 per ton, waning by -10.4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 93% m-o-m. Over the period under review, average import prices reached the maximum at $46,508 per ton in June 2023, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($56,270 per ton), while the price for the United Arab Emirates ($18,742 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+60.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $21,089 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $22,896 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($28,345 per ton), while the average price for exports to the United Arab Emirates ($12,000 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 the UK (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Wire, of Nickel Alloys in India

Nickel; wire, of nickel alloys imports into India fell rapidly to 595 tons in 2022, waning by -25.1% compared with 2021 figures. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of 794 tons, and then contracted dramatically in the following year.

In value terms, nickel; wire, of nickel alloys imports contracted significantly to $17M in 2022. Overall, imports showed a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of $21M, and then shrank dramatically in the following year.

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

1. Germany (100.5 tons)
2. United States (100.4 tons)
3. China (75.2 tons)
4. France (64.1 tons)
5. Brazil (44.2 tons)
6. Sweden (28.0 tons)
7. Singapore (18.0 tons)
8. Switzerland (17.4 tons)
9. Japan (17.2 tons)
10. United Kingdom (16.4 tons)
11. South Korea (15.8 tons)
12. Canada (15.1 tons)
13. Italy (14.9 tons)

Exports of Nickel; Wire, of Nickel Alloys in India

In 2022, the amount of nickel; wire, of nickel alloyses exported from India shrank notably to 671 tons, reducing by -18.6% compared with 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports reached the peak of 823 tons, and then reduced rapidly in the following year.

In value terms, nickel; wire, of nickel alloys exports contracted rapidly to $14M in 2022. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% 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 increased by +27.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports reached the peak of $17M, and then fell sharply in the following year.

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

1. Mexico (220.5 tons)
2. United States (105.3 tons)
3. United Arab Emirates (68.5 tons)
4. Thailand (60.4 tons)
5. United Kingdom (33.2 tons)
6. South Korea (20.4 tons)
7. Italy (14.9 tons)
8. Brazil (14.3 tons)
9. Philippines (13.0 tons)
10. Turkey (11.7 tons)
11. Singapore (11.5 tons)
12. Saudi Arabia (10.5 tons)
13. Indonesia (10.2 tons)

Source: IndexBox Market Intelligence Platform