Price for Nickel; Unwrought, Not Alloyed in Finland - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Finland (FOB) - 2023
- Exports of Nickel; Unwrought, Not Alloyed in Finland
Price for Nickel; Unwrought, Not Alloyed in Finland (FOB) - 2023
The average nickel; unwrought, not alloyed export price stood at $23,190 per ton in July 2023, reducing by -4.3% against the previous month. In general, the export price continues to indicate a slight slump. The growth pace was the most rapid in December 2022 when the average export price increased by 12% month-to-month. The export price peaked at $28,329 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the countries with the highest prices were China ($24,208 per ton) and the Netherlands ($24,002 per ton), while the average price for exports to Belgium ($20,768 per ton) and Germany ($21,274 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Nickel; Unwrought, Not Alloyed in Finland
Nickel; unwrought, not alloyed exports from Finland rose rapidly to 33K tons in 2022, growing by 6.3% compared with 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 78%. As a result, the exports attained the peak of 41K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nickel; unwrought, not alloyed exports surged to $836M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 157 | 113 | 55.4 | 198 | 8.0% |
| South Korea | 44.3 | 90.0 | 133 | 165 | 55.0% |
| Sweden | 79.4 | 62.7 | 71.2 | 129 | 17.6% |
| Netherlands | 22.4 | 96.3 | 32.7 | 71.8 | 47.4% |
| China | 44.9 | 13.5 | N/A | 50.4 | 3.9% |
| United Kingdom | 39.8 | 30.1 | 26.8 | 39.0 | -0.7% |
| Italy | 4.3 | 4.8 | 36.3 | 35.5 | 102.1% |
| Spain | 20.5 | 19.2 | 20.4 | 33.2 | 17.4% |
| Japan | 13.0 | 14.1 | 21.2 | 32.6 | 35.9% |
| Brazil | 14.4 | 8.1 | 2.2 | 22.5 | 16.0% |
| Germany | 16.9 | 17.8 | 16.7 | 18.2 | 2.5% |
| Taiwan (Chinese) | 28.6 | 36.0 | 91.4 | 6.9 | -37.7% |
| Others | 64.2 | 46.8 | 46.6 | 33.9 | -19.2% |
| Total | 550 | 553 | 554 | 836 | 15.0% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Finland in 2022:
- United States (7.6K tons)
- South Korea (6.5K tons)
- Sweden (5.2K tons)
- Netherlands (2.9K tons)
- China (1.9K tons)
- United Kingdom (1.6K tons)
- Italy (1.4K tons)
- Spain (1.4K tons)
- Japan (1.3K tons)
- Brazil (0.8K tons)
- Germany (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
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This report provides an in-depth analysis of the nickel market in Finland.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Finland.
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This report provides an in-depth analysis of the nickel market in Finland.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1192
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
820
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1001
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
