Price for Nickel; Tube and Pipe Fittings in the United States - 2023
Contents:
- Price for Nickel; Tube and Pipe Fittings in the United States (CIF) - 2022
- Price for Nickel; Tube and Pipe Fittings in the United States (FOB) - 2022
- Imports of Nickel; Tube and Pipe Fittings in the United States
- Exports of Nickel; Tube and Pipe Fittings in the United States
Price for Nickel; Tube and Pipe Fittings in the United States (CIF) - 2022
The average import price for nickel; tube and pipe fittingses stood at $50,755 per ton in 2022, rising by 9.1% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 25%. As a result, import price attained the peak level of $79,305 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 Japan ($181,807 per ton), while the price for Germany ($29,783 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in the United States (FOB) - 2022
The average export price for nickel; tube and pipe fittingses stood at $165,101 per ton in 2022, picking up by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2018 an increase of 30%. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($535,206 per ton), while the average price for exports to Cayman Islands ($24,205 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 China (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Tube and Pipe Fittings in the United States
Nickel; tube and pipe fittings imports into the United States surged to 1.1K tons in 2022, picking up by 63% on the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 163%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, nickel; tube and pipe fittings imports soared to $58M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 149%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Tube and Pipe Fittings in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.8 | 3.5 | 20.3 | 33.4 | 106.4% |
| Italy | 1.3 | 1.0 | 0.3 | 8.1 | 84.0% |
| United Kingdom | 4.7 | 1.6 | 2.7 | 2.2 | -22.4% |
| Mexico | 4.5 | 1.2 | 1.0 | 1.8 | -26.3% |
| Germany | 0.9 | 0.7 | 1.7 | 1.2 | 10.1% |
| China | 1.3 | 0.9 | 1.0 | 0.8 | -14.9% |
| Others | 5.7 | 4.2 | 5.3 | 10.2 | 21.4% |
| Total | 22.2 | 13.0 | 32.4 | 57.7 | 37.5% |
Top Suppliers of Nickel; Tube and Pipe Fittings to the United States in 2022:
- Canada (937.9 tons)
- Italy (68.2 tons)
- Germany (41.9 tons)
- United Kingdom (21.8 tons)
- China (7.9 tons)
- Mexico (3.6 tons)
Exports of Nickel; Tube and Pipe Fittings in the United States
In 2022, shipments abroad of nickel; tube and pipe fittingses was finally on the rise to reach 275 tons after two years of decline. Over the period under review, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $45M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Tube and Pipe Fittings in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.3 | 3.9 | 3.4 | 15.1 | 52.0% |
| Mexico | 7.5 | 3.0 | 6.9 | 5.8 | -8.2% |
| United Kingdom | 3.1 | 3.2 | 2.0 | 2.7 | -4.5% |
| Poland | 0.2 | N/A | 0.7 | 2.6 | 135.1% |
| Qatar | 1.2 | 3.2 | 0.3 | 1.7 | 12.3% |
| China | 1.7 | 1.7 | 2.3 | 1.6 | -2.0% |
| Ireland | 0.2 | 0.8 | 0.4 | 1.5 | 95.7% |
| Singapore | 1.1 | 0.7 | 1.0 | 1.2 | 2.9% |
| Brazil | 0.8 | 1.3 | 1.5 | 1.0 | 7.7% |
| India | 0.8 | 0.5 | 0.4 | 0.9 | 4.0% |
| South Korea | 1.3 | 0.6 | 0.6 | 0.9 | -11.5% |
| Taiwan (Chinese) | 0.5 | 0.8 | 0.3 | 0.4 | -7.2% |
| Cayman Islands | N/A | N/A | N/A | 0.4 | 0% |
| Others | 11.2 | 8.8 | 7.1 | 9.5 | -5.3% |
| Total | 34.0 | 28.6 | 27.1 | 45.3 | 10.0% |
Top Export Markets for Nickel; Tube and Pipe Fittings from the United States in 2022:
- Canada (144.3 tons)
- Mexico (17.6 tons)
- Cayman Islands (16.1 tons)
- Qatar (14.8 tons)
- United Kingdom (10.3 tons)
- Ireland (6.1 tons)
- South Korea (5.9 tons)
- Poland (5.5 tons)
- India (4.4 tons)
- Brazil (3.6 tons)
- China (3.1 tons)
- Singapore (2.2 tons)
- Taiwan (Chinese) (2.1 tons)
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This report provides an in-depth analysis of the market for nickel pipes and fittings in the USA.
453
Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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