Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the UK - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the UK (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the UK (FOB) - 2023
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in the UK
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in the UK
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the UK (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $34,632 per ton in 2022, shrinking by -30.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 132%. As a result, import price reached the peak level of $121,084 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($51,250 per ton), while the price for China ($18,625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in the UK (FOB) - 2023
The average export price for nickel; bars, rods and profiles, not alloyeds stood at $23,325 per ton in November 2023, falling by -84.1% against the previous month. Overall, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 530% against the previous month. The export price peaked at $217K per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($86,161 per ton), while the average price for exports to Japan ($7,455 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.9%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in the UK
In 2022, imports of nickel; bars, rods and profiles, not alloyeds into the UK surged to 85 tons, with an increase of 219% against the year before. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds surged to $2.9M in 2022. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 810 | 0% |
| Sweden | 166 | 23.7 | 8.2 | 778 | 67.3% |
| Germany | 695 | 436 | 622 | 433 | -14.6% |
| China | 19.9 | 27.6 | 94.9 | 373 | 165.6% |
| Netherlands | 959 | 615 | 458 | 257 | -35.5% |
| United States | 210 | 345 | 87.0 | 171 | -6.6% |
| Others | 228 | 182 | 59.3 | 117 | -19.9% |
| Total | 2,278 | 1,628 | 1,330 | 2,938 | 8.9% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to the UK in 2022:
- Sweden (24.6 tons)
- Australia (24.0 tons)
- China (20.0 tons)
- Germany (9.4 tons)
- United States (3.3 tons)
- Netherlands (0.7 tons)
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in the UK
Exports of nickel; bars, rods and profiles, not alloyeds from the UK shrank significantly to 41 tons in 2022, declining by -24.5% against the year before. In general, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 105%. As a result, the exports reached the peak of 54 tons, and then declined dramatically in the following year.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds reduced to $1.7M in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 104%. As a result, the exports reached the peak of $1.8M, and then reduced in the following year.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 191 | 513 | 35.9 | 754 | 58.0% |
| France | 245 | 57.4 | 265 | 354 | 13.1% |
| Germany | 208 | 99.0 | 175 | 158 | -8.8% |
| China | 6.0 | 67.8 | N/A | 124 | 174.4% |
| Netherlands | 67.3 | 32.6 | 74.7 | 80.8 | 6.3% |
| Australia | 8.7 | 15.9 | 55.5 | 80.7 | 110.1% |
| Israel | 9.9 | N/A | 17.2 | 19.8 | 26.0% |
| India | 66.7 | N/A | 5.6 | 16.1 | -37.7% |
| Switzerland | 229 | 17.3 | 98.4 | 13.7 | -60.9% |
| Sweden | 16.0 | 7.7 | 819 | N/A | 615.5% |
| Tunisia | 53.1 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 81.8 | 4.2 | 2.8 | N/A | -81.5% |
| Turkey | 51.7 | 2.8 | N/A | N/A | -94.6% |
| Others | 98.6 | 85.0 | 289 | 141 | 12.7% |
| Total | 1,332 | 902 | 1,838 | 1,742 | 9.4% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from the UK in 2022:
- United States (19.8 tons)
- France (6.3 tons)
- Germany (4.6 tons)
- Australia (2.4 tons)
- Israel (1.8 tons)
- China (1.5 tons)
- India (0.9 tons)
- Netherlands (0.8 tons)
- Switzerland (0.4 tons)
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