Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines (CIF) - 2023
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines (CIF) - 2023
The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $8,597 per ton in September 2023, remaining constant against the previous month. Over the period under review, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 36% month-to-month. The import price peaked at $13,970 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to September 2023, the rate of growth in terms of prices for China amounted to -0.8% per month.
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines (FOB) - 2022
The average export price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $34,000 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Japan ($95,200 per ton), while the average price for exports to China ($1,000 per ton) was amongst the lowest.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+49.8%).
Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines
In 2022, imports of nickel; plates, sheets, strip and foil, of nickel alloyses into the Philippines soared to 328 tons, surging by 554% compared with 2021. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $4.1M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 103 | 197 | 3,038 | 532.6% |
| Taiwan (Chinese) | 1.0 | 1.5 | 1.4 | 459 | 671.4% |
| Japan | 542 | 69.9 | 558 | 417 | -8.4% |
| Malaysia | 141 | 91.9 | 140 | 124 | -4.2% |
| Others | 173 | 237 | 368 | 54.7 | -31.9% |
| Total | 869 | 503 | 1,264 | 4,093 | 67.6% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to the Philippines in 2022:
- China (263.3 tons)
- Taiwan (Chinese) (40.7 tons)
- Japan (20.8 tons)
- Malaysia (1.7 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines
In 2022, approx. 55 kg of nickel; plates, sheets, strip and foil, of nickel alloyses were exported from the Philippines; waning by -50.5% compared with 2021 figures. In general, exports showed a precipitous curtailment.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses reduced rapidly to $1.9K in 2022. Over the period under review, exports saw a precipitous decline.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Japan | 445 | 952 | 113.9% | ||
| Thailand | 2,732 | 756 | -72.3% | ||
| Malaysia | N/A | 161 | 0% | ||
| China | 1.0 | 1.0 | 0.0% | ||
| Germany | 561 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 3,739 | 1,870 | -50.0% | ||
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from the Philippines in 2022:
- Thailand (33.0 kg)
- Malaysia (11.0 kg)
- Japan (10.0 kg)
- China (1.0 kg)
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