Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Iraq - 2022

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Iraq (CIF) - 2022
  2. Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Iraq

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Iraq (CIF) - 2022

In 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $40,037 per ton, declining by -23.1% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 55%. Over the period under review, average import prices hit record highs at $85,452 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($92,773 per ton), while the price for Turkey ($11,985 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 Arab Emirates (-5.5%), while the prices for the other major suppliers experienced a decline.

Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Iraq

In 2022, approx. 1.5 tons of nickel; bars, rods and profiles, of nickel alloyses were imported into Iraq; with a decrease of -51.7% against the previous year. Over the period under review, imports recorded a significant decline. The smallest decline of -21.6% was in 2020.

In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses dropped dramatically to $59K in 2022. Overall, imports showed a sharp decrease. The smallest decline of -0.3% was in 2021.

Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany70.354.648.123.6-30.5%
United Arab Emirates63.786.593.417.3-35.2%
Turkey2.12.73.08.156.8%
Switzerland5.28.88.77.010.4%
China4.56.45.32.9-13.6%
United Kingdom42.8N/AN/AN/A0%
Others0.1N/AN/AN/A0%
Total18915915958.8-32.2%

Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Iraq in 2022:

  1. Turkey (674.0 kg)
  2. United Arab Emirates (396.0 kg)
  3. Germany (255.0 kg)
  4. Switzerland (75.0 kg)
  5. China (69.0 kg)

Source: IndexBox Market Intelligence Platform

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