Price for Nickel; Wire, of Nickel Alloys in Kuwait - 2021

Contents:

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

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

The average import price for nickel; wire, of nickel alloyses stood at $37,802 per ton in 2022, increasing by 26% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The import price peaked at $52,299 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,294,000 per ton), while the price for Switzerland ($15,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $9,868 per ton, with a decrease of -37.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 71% against the previous year. The export price peaked at $15,715 per ton in 2021, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.3% per year.

Imports of Nickel; Wire, of Nickel Alloys in Kuwait

In 2022, after two years of decline, there was significant growth in overseas purchases of nickel; wire, of nickel alloyses, when their volume increased by 237% to 2.2 tons. Over the period under review, imports, however, continue to indicate a dramatic decline.

In value terms, nickel; wire, of nickel alloys imports surged to $82K in 2022. In general, imports, however, saw a sharp decline.

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

1. Switzerland (1139.0 kg)
2. United States (822.0 kg)
3. China (77.0 kg)
4. Germany (36.0 kg)
5. India (27.0 kg)

Exports of Nickel; Wire, of Nickel Alloys in Kuwait

In 2022, approx. 800 kg of nickel; wire, of nickel alloyses were exported from Kuwait; picking up by 46% on 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 155% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, nickel; wire, of nickel alloys exports reduced to $7.9K in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year.

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

1. United Arab Emirates (800.0 kg)

Source: IndexBox Market Intelligence Platform