Nickel; Unwrought, Alloys Price in Italy - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Italy (CIF) - 2023
- Nickel; Unwrought, Alloys Price in Italy (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in Italy
- Nickel; Unwrought, Alloys Exports in Italy
Nickel; Unwrought, Alloys Price in Italy (CIF) - 2023
The average nickel; unwrought, alloys import price stood at $39,131 per ton in July 2023, with an increase of 61% against the previous month. Over the period under review, import price indicated a modest expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; unwrought, alloys import price increased by +60.8% against June 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 89% month-to-month. The import price peaked at $56,887 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($44,449 per ton), while the price for the United States ($33,522 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced a decline.
Nickel; Unwrought, Alloys Price in Italy (FOB) - 2022
The average nickel; unwrought, alloys export price stood at $21,704 per ton in 2022, picking up by 6.9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; unwrought, alloys export price increased by +28.2% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($55,794 per ton), while the average price for exports to the Netherlands ($17,890 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 Japan (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Imports in Italy
For the fourth year in a row, Italy recorded growth in purchases abroad of nickel; unwrought, alloyses, which increased by 1.5% to 1.4K tons in 2022. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, alloys imports soared to $53M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +80.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel; Unwrought, Alloys in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 25.3 | 10.1 | 9.5 | 20.1 | -7.4% |
United Kingdom | 4.5 | 2.9 | 10.3 | 14.8 | 48.7% |
Germany | 3.2 | 1.5 | 6.4 | 7.8 | 34.6% |
Australia | 4.8 | 4.6 | 3.1 | 5.1 | 2.0% |
Belgium | 2.5 | 2.4 | 5.5 | 2.4 | -1.4% |
Netherlands | 0.7 | 1.0 | 0.8 | 1.2 | 19.7% |
France | 0.3 | 0.6 | 0.8 | 0.9 | 44.2% |
China | N/A | 5.3 | N/A | N/A | 0% |
Others | 0.2 | 0.6 | 0.5 | 0.6 | 44.2% |
Total | 41.6 | 29.2 | 37.0 | 52.8 | 8.3% |
Top Suppliers of Nickel; Unwrought, Alloys to Italy in 2022:
- United Kingdom (377.4 tons)
- Germany (309.9 tons)
- United States (271.7 tons)
- Australia (208.8 tons)
- Belgium (94.5 tons)
- France (78.6 tons)
- Netherlands (39.6 tons)
Nickel; Unwrought, Alloys Exports in Italy
Nickel; unwrought, alloys exports from Italy stood at 172 tons in 2022, picking up by 5.8% on 2021 figures. Overall, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 20%.
In value terms, nickel; unwrought, alloys exports totaled $3.7M in 2022. In general, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year.
Export of Nickel; Unwrought, Alloys in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | 27.9 | 1,647 | 5803.2% |
United Kingdom | N/A | N/A | 396 | 1,532 | 286.9% |
Germany | 338 | 257 | 416 | 368 | 2.9% |
United States | 3,130 | 1,166 | 978 | 41.9 | -76.3% |
Switzerland | 269 | 129 | 283 | 5.6 | -72.5% |
Slovenia | N/A | 362 | N/A | N/A | 0% |
Australia | 1,704 | 244 | 989 | N/A | -23.8% |
Others | 252 | 465 | 213 | 142 | -17.4% |
Total | 5,692 | 2,622 | 3,304 | 3,737 | -13.1% |
Top Export Markets for Nickel; Unwrought, Alloys from Italy in 2022:
- Netherlands (92.1 tons)
- United Kingdom (66.0 tons)
- Germany (7.8 tons)
- United States (2.0 tons)
- Switzerland (0.6 tons)
This report provides an in-depth analysis of the nickel market in Italy.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the nickel market in Italy.
This report provides an in-depth analysis of the nickel market in Italy.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the global nickel market.
From 2018 to 2023, the growth of Nickel imports remained steady at a lower figure. In value terms, Nickel imports totaled $829M in 2023.
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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...
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...
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%
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
From 2018 to 2023, the growth of Nickel imports remained steady at a lower figure. In value terms, Nickel imports totaled $829M in 2023.
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.
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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...