Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Russia - 2022

Contents:

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

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

In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $17,584 per ton, reducing by -33.6% against the previous year. Over the period under review, the import price faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 492%. As a result, import price attained the peak level of $173,758 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,808 per ton), while the price for Brazil amounted to $5,783 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $7,600 per ton, surging by 237% against the previous year. Overall, the export price posted a resilient expansion. The growth pace was the most rapid in 2013 an increase of 1,839%. As a result, the export price attained the peak level of $48,481 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -2.0% per year.

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

In 2022, approx. 10 tons of nickel; bars, rods and profiles, not alloyeds were imported into Russia; with an increase of 15% against the year before. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 2,693% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds fell dramatically to $181K in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,722% against the previous year. As a result, imports attained the peak of $236K, and then shrank remarkably in the following year.

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

1. China (6.4 tons)
2. Brazil (3.9 tons)

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

After three years of growth, overseas shipments of nickel; bars, rods and profiles, not alloyeds decreased by 99.9% to 5 kg in 2022. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 391%. As a result, the exports attained the peak of 53 tons, and then contracted significantly in the following year.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds reduced markedly to $38 in 2022. Over the period under review, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 198% against the previous year. As a result, the exports attained the peak of $118K, and then declined significantly in the following year.

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

1. Kazakhstan (5.0 kg)

Source: IndexBox Market Intelligence Platform