Nickel; Unwrought, Alloys Price in Ireland - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Ireland (CIF) - 2023
- Nickel; Unwrought, Alloys Price in Ireland (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in Ireland
- Nickel; Unwrought, Alloys Exports in Ireland
Nickel; Unwrought, Alloys Price in Ireland (CIF) - 2023
In July 2023, the average nickel; unwrought, alloys import price amounted to $45,935 per ton, rising by 7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 36% against the previous month. As a result, import price reached the peak level of $49,843 per ton. From April 2023 to July 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From July 2022 to July 2023, the rate of growth in terms of prices for the UK amounted to +1.9% per month.
Nickel; Unwrought, Alloys Price in Ireland (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $50,416 per ton, dropping by -44.5% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 405%. Over the period under review, the average export prices hit record highs at $178,503 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +4.9% per year.
Nickel; Unwrought, Alloys Imports in Ireland
In 2022, approx. 766 tons of nickel; unwrought, alloyses were imported into Ireland; dropping by -3.7% against 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of 796 tons, and then contracted in the following year.
In value terms, nickel; unwrought, alloys imports skyrocketed to $28M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +48.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Nickel; Unwrought, Alloys in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 18.8 | 19.4 | 24.0 | 28.1 | 14.3% |
| Others | 0.2 | 0.7 | 0.1 | N/A | -29.3% |
| Total | 18.9 | 20.1 | 24.1 | 28.1 | 14.1% |
Top Suppliers of Nickel; Unwrought, Alloys to Ireland in 2022:
- United Kingdom (766.4 tons)
Nickel; Unwrought, Alloys Exports in Ireland
In 2022, approx. 298 kg of nickel; unwrought, alloyses were exported from Ireland; picking up by 1,653% against the year before. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 4,726% against the previous year. As a result, the exports attained the peak of 8.3 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nickel; unwrought, alloys exports soared to $15K in 2022. In general, exports, however, recorded a precipitous curtailment.
| Export of Nickel; Unwrought, Alloys in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 15.0 | 0% |
| United Kingdom | N/A | 149 | N/A | N/A | 0% |
| United States | 28.6 | N/A | N/A | N/A | 0% |
| Others | 1.9 | N/A | 1.5 | N/A | -11.1% |
| Total | 30.5 | 149 | 1.5 | 15.0 | -21.1% |
Top Export Markets for Nickel; Unwrought, Alloys from Ireland in 2022:
- Singapore (298.0 kg)
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This report provides an in-depth analysis of the nickel market in Ireland.
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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 Ireland.
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This report provides an in-depth analysis of the nickel market in Ireland.
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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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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%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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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.
1219
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...
886
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...
1022
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%
