Nickel; Unwrought, Alloys Price in Russia - 2022
Contents:
- Nickel; Unwrought, Alloys Price in Russia (FOB) - 2022
- Nickel; Unwrought, Alloys Price in Russia (CIF) - 2022
- Nickel; Unwrought, Alloys Exports in Russia
- Nickel; Unwrought, Alloys Imports in Russia
Nickel; Unwrought, Alloys Price in Russia (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $27,265 per ton, rising by 31% against the previous year. Over the period under review, the export price enjoyed a measured increase. The pace of growth was the most pronounced in 2018 an increase of 120% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +8.2% per year.
Nickel; Unwrought, Alloys Price in Russia (CIF) - 2022
In 2022, the average nickel; unwrought, alloys import price amounted to $32,523 per ton, declining by -20.6% against the previous year. Over the period under review, the import price showed a slight slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 16% against the previous year. The import price peaked at $40,970 per ton in 2021, and then declined markedly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($37,918 per ton), while the price for Ukraine stood at $31,613 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Exports in Russia
Nickel; unwrought, alloys exports from Russia declined significantly to 302 tons in 2022, reducing by -21.5% against the previous year. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 106%. As a result, the exports reached the peak of 384 tons, and then dropped significantly in the following year.
In value terms, nickel; unwrought, alloys exports amounted to $8.2M in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 143%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Unwrought, Alloys in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.0 | 2.6 | 4.6 | 8.2 | 101.7% |
| Spain | 0.4 | N/A | N/A | N/A | 0% |
| Poland | 0.2 | N/A | 2.5 | N/A | 253.6% |
| Estonia | 0.2 | N/A | N/A | N/A | 0% |
| Netherlands | 0.4 | 0.3 | 0.4 | N/A | 0.0% |
| Ukraine | 0.9 | 0.2 | N/A | N/A | -77.8% |
| Others | 1.2 | 0.2 | 0.5 | N/A | -35.5% |
| Total | 4.3 | 3.3 | 8.0 | 8.2 | 24.0% |
Top Export Markets for Nickel; Unwrought, Alloys from Russia in 2022:
- Italy (301.8 tons)
Nickel; Unwrought, Alloys Imports in Russia
For the third consecutive year, Russia recorded decline in purchases abroad of nickel; unwrought, alloyses, which decreased by -55.5% to 68 tons in 2022. In general, imports continue to indicate a dramatic slump. The smallest decline of -9.4% was in 2021.
In value terms, nickel; unwrought, alloys imports reduced markedly to $2.2M in 2022. Overall, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 2.6% against the previous year.
| Import of Nickel; Unwrought, Alloys in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 0.3 | 0.5 | 3.4 | 2.1 | 91.3% |
| Belgium | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Germany | 0.5 | 0.3 | 0.3 | N/A | -22.5% |
| United Kingdom | 3.3 | 2.5 | 0.8 | N/A | -50.8% |
| Italy | 0.2 | 0.3 | 0.3 | N/A | 22.5% |
| United States | 4.6 | 2.5 | 1.2 | N/A | -48.9% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 9.0 | 6.1 | 6.3 | 2.2 | -37.5% |
Top Suppliers of Nickel; Unwrought, Alloys to Russia in 2022:
- Ukraine (65.6 tons)
- Belgium (1.7 tons)
- Germany (0.1 tons)
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This report provides an in-depth analysis of the nickel market in the Russian Federation.
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This report provides an in-depth analysis of the nickel market in the Russian Federation.
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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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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.
275
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...
885
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%
