Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada (CIF) - 2023
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada (FOB) - 2023
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada (CIF) - 2023
The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $43,015 per ton in October 2023, reducing by -6.7% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 17% m-o-m. Over the period under review, average import prices attained the peak figure at $58,701 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($48,526 per ton), while the price for Japan ($16,887 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada (FOB) - 2023
The average export price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $37,393 per ton in October 2023, rising by 18% against the previous month. In general, the export price continues to indicate mild growth. The growth pace was the most rapid in February 2023 when the average export price increased by 58% m-o-m. As a result, the export price attained the peak level of $75,853 per ton. From March 2023 to October 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +0.3% per month.
Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada
In 2022, purchases abroad of nickel; plates, sheets, strip and foil, of nickel alloyses increased by 33% to 858 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $33M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.6 | 11.9 | 13.6 | 18.9 | 2.4% |
Germany | 4.7 | 8.3 | 5.6 | 12.7 | 39.3% |
Others | 1.1 | 0.8 | 0.9 | 1.5 | 10.9% |
Total | 23.4 | 21.0 | 20.1 | 33.1 | 12.3% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to Canada in 2022:
- United States (461.9 tons)
- Germany (365.3 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada
For the fourth consecutive year, Canada recorded growth in overseas shipments of nickel; plates, sheets, strip and foil, of nickel alloyses, which increased by 60% to 91 tons in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 137%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses skyrocketed to $2.6M in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 131%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 423 | 1,098 | 1,339 | 2,283 | 75.4% |
Germany | 116 | 118 | 143 | 136 | 5.4% |
United Kingdom | N/A | 7.1 | 1.7 | 101 | 277.2% |
Mexico | 66.1 | 38.3 | 23.3 | 27.8 | -25.1% |
Cuba | N/A | 152 | N/A | N/A | 0% |
Others | 9.7 | 8.6 | 37.8 | 77.8 | 100.2% |
Total | 615 | 1,422 | 1,545 | 2,625 | 62.2% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from Canada in 2022:
- United States (78.9 tons)
- Germany (4.7 tons)
- United Kingdom (3.5 tons)
- Mexico (1.0 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy plate in Canada.
Global Market for Nickel And Nickel Alloy Plate. This report provides an in-depth analysis of the global market for nickel and nickel alloy plate.
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