Nickel; Unwrought, Alloys Price in Portugal - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Portugal (CIF) - 2023
- Nickel; Unwrought, Alloys Price in Portugal (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in Portugal
- Nickel; Unwrought, Alloys Exports in Portugal
Nickel; Unwrought, Alloys Price in Portugal (CIF) - 2023
The average nickel; unwrought, alloys import price stood at $28,925 per ton in July 2023, approximately equating the previous month. Overall, import price indicated moderate growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; unwrought, alloys import price decreased by -1.2% against May 2023 indices. The growth pace was the most rapid in April 2023 an increase of 96% against the previous month. The import price peaked at $29,266 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From July 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to +3.4% per month.
Nickel; Unwrought, Alloys Price in Portugal (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $113,716 per ton, picking up by 727% against the previous year. In general, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($114,777 per ton), while the average price for exports to the Netherlands totaled $14,000 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-9.9%).
Nickel; Unwrought, Alloys Imports in Portugal
In 2022, imports of nickel; unwrought, alloyses into Portugal shrank significantly to 76 tons, which is down by -72.6% compared with 2021 figures. In general, imports showed a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of 277 tons, and then shrank markedly in the following year.
In value terms, nickel; unwrought, alloys imports contracted dramatically to $1.6M in 2022. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports reached the peak of $5.7M, and then fell rapidly in the following year.
| Import of Nickel; Unwrought, Alloys in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 3.7 | 5.7 | 1.6 | -25.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 3.7 | 5.7 | 1.6 | -25.7% |
Top Suppliers of Nickel; Unwrought, Alloys to Portugal in 2022:
- Germany (75.7 tons)
Nickel; Unwrought, Alloys Exports in Portugal
In 2022, overseas shipments of nickel; unwrought, alloyses decreased by -98.5% to 95 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a significant increase.
In value terms, nickel; unwrought, alloys exports contracted significantly to $11K in 2022. Overall, exports, however, showed a significant increase.
| Export of Nickel; Unwrought, Alloys in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 10.8 | 0% |
| Italy | N/A | N/A | 47.7 | N/A | 0% |
| Germany | N/A | N/A | 40.1 | N/A | 0% |
| Others | 1.6 | N/A | 0.1 | N/A | -75.0% |
| Total | 1.6 | N/A | 88.0 | 10.8 | 89.0% |
Top Export Markets for Nickel; Unwrought, Alloys from Portugal in 2022:
- Spain (94.0 kg)
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This report provides an in-depth analysis of the nickel market in Portugal.
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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 Portugal.
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This report provides an in-depth analysis of the nickel market in Portugal.
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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.
340
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1231
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...
906
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...
1030
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%
