Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium - 2023

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium (CIF) - 2022
  2. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium
  4. Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium (CIF) - 2022

The average import price for nickel; bars, rods and profiles, not alloyeds stood at $28,520 per ton in 2022, growing by 23% against the previous year. In general, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53%. Over the period under review, average import prices attained the peak figure at $57,611 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($627,000 per ton), while the price for the UK ($20,420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+45.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium (FOB) - 2022

The average export price for nickel; bars, rods and profiles, not alloyeds stood at $21,535 per ton in 2022, growing by 19% against the previous year. Overall, the export price, however, showed a mild shrinkage. The growth pace was the most rapid in 2018 an increase of 1,145% against the previous year. Over the period under review, the average export prices reached the peak figure at $78,056 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($71,600 per ton), while the average price for exports to France ($9,772 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 Italy (+653.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of nickel; bars, rods and profiles, not alloyeds, when their volume decreased by -70.6% to 762 kg. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 332% against the previous year.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds shrank notably to $22K in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 188% against the previous year. As a result, imports reached the peak of $84K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/A45.49.8-78.4%
Germany15.561.39.07.3-22.2%
Netherlands2.821.14.52.80.0%
ChinaN/A0.20.31.1134.5%
France6.31.91.0N/A-60.2%
Others4.7N/AN/A0.6-49.6%
Total29.384.460.221.7-9.5%

Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Belgium in 2022:

  1. United Kingdom (481.0 kg)
  2. Germany (187.0 kg)
  3. Netherlands (71.0 kg)
  4. China (22.0 kg)

Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium

In 2022, shipments abroad of nickel; bars, rods and profiles, not alloyeds decreased by -33.4% to 918 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,291%. As a result, the exports reached the peak of 1.7 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds shrank markedly to $20K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 398% against the previous year. As a result, the exports reached the peak of $48K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/A0.96.16.2162.5%
FranceN/A0.814.55.4159.8%
Netherlands0.65.92.92.765.1%
ItalyN/AN/AN/A2.10%
LuxembourgN/A0.40.60.40.0%
Austria9.03.70.10.1-77.7%
United StatesN/A36.2N/AN/A0%
OthersN/A0.20.72.8274.2%
Total9.748.224.919.826.9%

Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Belgium in 2022:

  1. France (549.0 kg)
  2. Germany (157.0 kg)
  3. Netherlands (121.0 kg)
  4. Luxembourg (41.0 kg)
  5. Italy (30.0 kg)
  6. Austria (3.0 kg)

Source: IndexBox Market Intelligence Platform

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