Price for Nickel; Wire, of Nickel Alloys in Indonesia - 2022

Contents:

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

Price for Nickel; Wire, of Nickel Alloys in Indonesia (CIF) - 2022

In 2022, the average import price for nickel; wire, of nickel alloyses amounted to $25,924 per ton, rising by 4% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $41,458 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($35,704 per ton), while the price for Singapore ($10,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for nickel; wire, of nickel alloyses stood at $23,692 per ton in 2022, picking up by 11% against the previous year. Over the period under review, the export price saw a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices attained the maximum at $28,617 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($179,456 per ton), while the average price for exports to Bangladesh ($15,329 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 India (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Wire, of Nickel Alloys in Indonesia

In 2022, after two years of decline, there was growth in purchases abroad of nickel; wire, of nickel alloyses, when their volume increased by 0.3% to 449 tons. Over the period under review, imports, however, showed a abrupt shrinkage.

In value terms, nickel; wire, of nickel alloys imports expanded to $12M in 2022. Overall, imports, however, showed a drastic downturn.

Import of Nickel; Wire, of Nickel Alloys in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland8.01.23.34.0-20.6%
France8.04.81.23.0-27.9%
Japan3.53.42.42.1-15.7%
Italy0.40.81.00.931.0%
China0.70.40.50.4-17.0%
India0.50.40.20.3-15.7%
Singapore0.30.10.10.1-30.7%
Others0.71.02.50.70.0%
Total22.012.111.111.6-19.2%

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

  1. France (130.9 tons)
  2. Switzerland (112.2 tons)
  3. Japan (89.5 tons)
  4. Italy (36.5 tons)
  5. China (28.4 tons)
  6. Singapore (11.9 tons)
  7. India (10.8 tons)

Exports of Nickel; Wire, of Nickel Alloys in Indonesia

Nickel; wire, of nickel alloys exports from Indonesia shrank rapidly to 8.4 tons in 2022, falling by -26.2% compared with 2021. In general, exports faced a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 78%.

In value terms, nickel; wire, of nickel alloys exports dropped notably to $199K in 2022. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year.

Export of Nickel; Wire, of Nickel Alloys in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bangladesh41064.1146118-34.0%
India14724.961.554.0-28.4%
China51.94.40.39.5-43.2%
Singapore63.70.74.39.4-47.2%
Brazil123N/AN/AN/A0%
Others11.760.631.67.9-12.3%
Total808155244199-37.3%

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

  1. Bangladesh (7.7 tons)
  2. India (0.3 tons)
  3. Singapore (0.2 tons)
  4. China (0.1 tons)

Source: IndexBox Market Intelligence Platform

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