Nickel; Unwrought, Alloys Price in the United States - 2023
Contents:
- Nickel; Unwrought, Alloys Price in the United States (FOB) - 2023
- Nickel; Unwrought, Alloys Price in the United States (CIF) - 2023
- Nickel; Unwrought, Alloys Exports in the United States
- Nickel; Unwrought, Alloys Imports in the United States
Nickel; Unwrought, Alloys Price in the United States (FOB) - 2023
In August 2023, the average nickel; unwrought, alloys export price amounted to $37,670 per ton, surging by 2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in December 2022 an increase of 26% against the previous month. Over the period under review, the average export prices reached the maximum at $44,160 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Spain ($65,705 per ton), while the average price for exports to Australia ($21,009 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in the United States (CIF) - 2023
In August 2023, the average nickel; unwrought, alloys import price amounted to $22,273 per ton, waning by -28.8% against the previous month. Over the period under review, the import price showed a slight setback. The growth pace was the most rapid in July 2023 when the average import price increased by 207% against the previous month. Over the period under review, average import prices reached the peak figure at $32,290 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($31,786 per ton), while the price for Brazil ($6,027 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Exports in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of nickel; unwrought, alloyses, which decreased by -0.7% to 4.9K tons in 2022. In general, exports showed a deep setback.
In value terms, nickel; unwrought, alloys exports surged to $175M in 2022. Over the period under review, exports recorded a abrupt curtailment.
| Export of Nickel; Unwrought, Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 77.3 | 32.8 | 21.3 | 32.7 | -24.9% |
| France | 81.0 | 28.4 | 23.5 | 21.0 | -36.2% |
| Italy | 14.7 | 10.9 | 12.8 | 19.3 | 9.5% |
| Switzerland | 5.8 | 9.3 | 10.4 | 17.7 | 45.0% |
| China | 15.9 | 10.8 | 18.0 | 12.5 | -7.7% |
| Spain | 1.1 | 8.5 | 3.5 | 11.9 | 121.2% |
| Poland | 7.3 | 9.4 | 10.2 | 9.5 | 9.2% |
| Germany | 1.3 | 12.5 | 5.6 | 9.0 | 90.6% |
| Mexico | 8.6 | 5.8 | 8.3 | 7.7 | -3.6% |
| Belgium | 2.3 | 2.5 | 3.8 | 6.8 | 43.5% |
| Australia | 2.6 | 1.5 | 2.1 | 5.8 | 30.7% |
| Brazil | 2.1 | 2.5 | 2.5 | 2.7 | 8.7% |
| Japan | 2.6 | 4.1 | 4.2 | 0.8 | -32.5% |
| Others | 14.7 | 15.9 | 13.3 | 17.1 | 5.2% |
| Total | 237 | 155 | 140 | 175 | -9.6% |
Top Export Markets for Nickel; Unwrought, Alloys from the United States in 2022:
- France (928.9 tons)
- Switzerland (573.7 tons)
- United Kingdom (539.3 tons)
- Spain (369.0 tons)
- Belgium (313.9 tons)
- Australia (308.7 tons)
- Mexico (308.6 tons)
- China (297.9 tons)
- Germany (270.9 tons)
- Italy (267.4 tons)
- Poland (196.0 tons)
- Brazil (82.1 tons)
- Japan (33.6 tons)
Nickel; Unwrought, Alloys Imports in the United States
In 2022, imports of nickel; unwrought, alloyses into the United States dropped notably to 3.3K tons, with a decrease of -36.6% compared with the previous year's figure. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year.
In value terms, nickel; unwrought, alloys imports skyrocketed to $71M in 2022. In general, imports recorded a deep setback.
| Import of Nickel; Unwrought, Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 66.0 | 31.8 | 18.2 | 37.4 | -17.2% |
| Belgium | 7.7 | 7.5 | 11.9 | 18.0 | 32.7% |
| South Africa | 6.4 | 3.4 | 5.8 | 8.0 | 7.7% |
| Brazil | 2.1 | N/A | 14.0 | 4.3 | 27.0% |
| Israel | N/A | N/A | N/A | 1.0 | 0% |
| Italy | 6.9 | 7.8 | 2.8 | 0.4 | -61.3% |
| China | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
| Colombia | N/A | 2.3 | N/A | N/A | 0% |
| Others | 4.9 | 1.5 | 3.0 | 1.4 | -34.1% |
| Total | 94.4 | 54.5 | 55.8 | 70.8 | -9.1% |
Top Suppliers of Nickel; Unwrought, Alloys to the United States in 2022:
- United Kingdom (1252.9 tons)
- Belgium (787.9 tons)
- Brazil (670.1 tons)
- South Africa (351.3 tons)
- Israel (72.1 tons)
- China (49.9 tons)
- Italy (16.9 tons)
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This report provides an in-depth analysis of the nickel market in the U.S..
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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 the U.S..
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This report provides an in-depth analysis of the nickel market in the U.S..
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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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In terms of value, Nickel imports in June 2023 decreased to $194 million.
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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.
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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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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
441
In terms of value, Nickel imports in June 2023 decreased to $194 million.
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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.
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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...
