Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the United States - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the United States (FOB) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the United States (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in the United States
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in the United States
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the United States (FOB) - 2022
In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $31,893 per ton, rising by 2.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38%. The export price peaked at $35,028 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($61,140 per ton), while the average price for exports to Costa Rica ($15,870 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 Belize (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the United States (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $31,431 per ton in 2022, increasing by 43% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods and profiles, not alloyeds increased by +51.0% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 72% against the previous year. As a result, import price reached the peak level of $35,248 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($40,044 per ton), while the price for Sweden ($5,874 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in the United States
Exports of nickel; bars, rods and profiles, not alloyeds from the United States soared to 218 tons in 2022, with an increase of 61% compared with the previous year. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 145% against the previous year. As a result, the exports attained the peak of 317 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $6.9M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. As a result, the exports reached the peak of $7.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,470 | 1,672 | 882 | 1,964 | 10.1% |
| Mexico | 391 | 1,223 | 1,030 | 1,790 | 66.0% |
| Italy | 177 | 1,893 | 11.0 | 854 | 69.0% |
| Malaysia | 152 | 118 | 252 | 345 | 31.4% |
| Hong Kong SAR | 172 | 224 | 576 | 298 | 20.1% |
| Costa Rica | N/A | N/A | 3.9 | 190 | 4771.8% |
| Singapore | 374 | 389 | 151 | 182 | -21.3% |
| Vietnam | 162 | 159 | 166 | 111 | -11.8% |
| Others | 1,112 | 1,482 | 1,127 | 1,205 | 2.7% |
| Total | 4,010 | 7,160 | 4,201 | 6,938 | 20.1% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from the United States in 2022:
- Mexico (56.0 tons)
- China (40.8 tons)
- Italy (40.4 tons)
- Hong Kong SAR (16.3 tons)
- Malaysia (13.9 tons)
- Costa Rica (11.9 tons)
- Singapore (8.3 tons)
- Vietnam (7.0 tons)
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in the United States
Imports of nickel; bars, rods and profiles, not alloyeds into the United States skyrocketed to 129 tons in 2022, with an increase of 69% against 2021 figures. In general, imports enjoyed temperate growth.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $4.1M in 2022. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,963 | 862 | 669 | 2,876 | 13.6% |
| United Kingdom | 646 | 510 | 36.9 | 648 | 0.1% |
| Sweden | 41.6 | 511 | 344 | 164 | 58.0% |
| Austria | N/A | N/A | N/A | 150 | 0% |
| Mexico | 44.8 | 1,799 | 420 | 106 | 33.3% |
| Others | 261 | 354 | 211 | 118 | -23.2% |
| Total | 2,957 | 4,035 | 1,681 | 4,062 | 11.2% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to the United States in 2022:
- Germany (71.8 tons)
- Sweden (27.9 tons)
- United Kingdom (18.9 tons)
- Austria (4.3 tons)
- Mexico (2.7 tons)
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