Price for Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia (FOB) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia (CIF) - 2022
- Exports of Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia
- Imports of Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia
Price for Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $8,911 per ton in 2021, reducing by -41.6% against the previous year. Over the period under review, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2020 an increase of 103% against the previous year. As a result, the export price reached the peak level of $15,257 per ton, and then dropped remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($35,313 per ton), while the average price for exports to India ($729 per ton) was amongst the lowest.
From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+44.1%).
Price for Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $7,718 per ton in 2021, falling by -71.4% against the previous year. In general, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 111%. As a result, import price attained the peak level of $35,228 per ton. From 2019 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($35,136 per ton), while the price for Italy ($1,549 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced a decline.
Exports of Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia
After two years of decline, overseas shipments of nickel; bars, rods, profiles and wires increased by 1,028% to 70 tons in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods, profiles and wires surged to $855K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| India | N/A | 34.0 | 0% | ||
| Sudan | N/A | 10.7 | 0% | ||
| Germany | 142 | N/A | 0% | ||
| Others | 114 | 10.6 | -90.7% | ||
| Total | 256 | 55.3 | -78.4% | ||
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Saudi Arabia in 2022:
- India (46.6 tons)
- Sudan (1.0 tons)
Imports of Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia
In 2021, the amount of nickel; bars, rods, profiles and wires imported into Saudi Arabia was estimated at 1.8K tons, with an increase of 9.6% compared with 2020. The total import volume increased at an average annual rate of +11.6% from 2019 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, imports of nickel; bars, rods, profiles and wires fell significantly to $14M in 2021. In general, imports, however, saw a sharp reduction. The smallest decline of -1.7% was in 2020.
| Import of Nickel; Bars, Rods, Profiles and Wire in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | 38.6 | 38.7 | 3.9 | -68.2% | |
| Italy | N/A | 0.7 | 2.3 | 228.6% | |
| India | 0.6 | 0.5 | 1.4 | 52.8% | |
| Czech Republic | N/A | 0.6 | 1.3 | 116.7% | |
| Germany | 2.7 | 1.1 | 1.1 | -36.2% | |
| France | N/A | 0.5 | 0.6 | 20.0% | |
| China | 1.8 | N/A | 0.4 | -52.9% | |
| Others | 2.3 | 3.3 | 3.4 | 21.6% | |
| Total | 46.0 | 45.3 | 14.2 | -44.4% | |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Saudi Arabia in 2022:
- Italy (1456.9 tons)
- China (155.6 tons)
- Switzerland (132.3 tons)
- France (121.8 tons)
- Czech Republic (80.8 tons)
- India (39.0 tons)
- Germany (33.7 tons)
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