Price for Nickel; Tube and Pipe Fittings in Italy - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Italy (FOB) - 2023
2. Price for Nickel; Tube and Pipe Fittings in Italy (CIF) - 2022
3. Exports of Nickel; Tube and Pipe Fittings in Italy
4. Imports of Nickel; Tube and Pipe Fittings in Italy

Price for Nickel; Tube and Pipe Fittings in Italy (FOB) - 2023

In August 2023, the average export price for nickel; tube and pipe fittingses amounted to $74,595 per ton, waning by -43% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 117% against the previous month. As a result, the export price reached the peak level of $150K per ton. From October 2022 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($579K per ton), while the average price for exports to Bahrain ($8,816 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Italy (CIF) - 2022

The average import price for nickel; tube and pipe fittingses stood at $60,247 per ton in 2022, reducing by -24.6% against the previous year. In general, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 an increase of 114% against the previous year. As a result, import price attained the peak level of $102,369 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($234,514 per ton), while the price for France ($41,335 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+61.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tube and Pipe Fittings in Italy

In 2022, shipments abroad of nickel; tube and pipe fittingses increased by 112% to 523 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports skyrocketed to $33M in 2022. In general, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Tube and Pipe Fittings from Italy in 2022:

1. United Arab Emirates (89.3 tons)
2. Guinea-Bissau (81.7 tons)
3. China (50.0 tons)
4. United States (44.6 tons)
5. India (32.0 tons)
6. Saudi Arabia (30.0 tons)
7. Egypt (23.8 tons)
8. Taiwan (Chinese) (22.4 tons)
9. Spain (21.2 tons)
10. France (14.7 tons)
11. Netherlands (14.0 tons)
12. United Kingdom (13.3 tons)
13. Kuwait (11.8 tons)

Imports of Nickel; Tube and Pipe Fittings in Italy

In 2022, the amount of nickel; tube and pipe fittingses imported into Italy surged to 59 tons, increasing by 62% compared with 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, nickel; tube and pipe fittings imports surged to $3.6M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Nickel; Tube and Pipe Fittings to Italy in 2022:

1. China (39.5 tons)
2. Netherlands (6.7 tons)
3. South Korea (4.7 tons)
4. France (2.9 tons)
5. United States (1.7 tons)
6. United Kingdom (1.7 tons)
7. Spain (0.8 tons)
8. India (0.7 tons)
9. Belgium (0.3 tons)
10. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform