Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States (FOB) - 2023
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States (CIF) - 2023
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States (FOB) - 2023
In September 2023, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $44,280 per ton, falling by -5.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 5% m-o-m. As a result, the export price reached the peak level of $46,929 per ton, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($68,649 per ton), while the average price for exports to Austria ($30,995 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States (CIF) - 2023
In September 2023, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $39,158 per ton, surging by 3.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 7.5% against the previous month. Over the period under review, average import prices attained the maximum at $41,115 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($59,541 per ton), while the price for Australia ($29,822 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States
In 2022, overseas shipments of nickel; bars, rods and profiles, of nickel alloyses were finally on the rise to reach 21K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep downturn.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $834M in 2022. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 140 | 107 | 165 | 193 | 11.3% |
Mexico | 156 | 92.5 | 89.5 | 180 | 4.9% |
France | 116 | 56.3 | 31.1 | 128 | 3.3% |
United Kingdom | 56.5 | 44.4 | 23.0 | 58.4 | 1.1% |
Belgium | 132 | 60.6 | 33.0 | 55.1 | -25.3% |
Canada | 40.5 | 23.7 | 25.9 | 41.8 | 1.1% |
Japan | 46.7 | 40.4 | 17.4 | 30.0 | -13.7% |
Italy | 17.1 | 16.7 | 11.1 | 22.9 | 10.2% |
Austria | 4.1 | 3.4 | 2.6 | 22.4 | 76.1% |
Germany | 18.8 | 25.5 | 13.7 | 22.0 | 5.4% |
Israel | 15.6 | 16.7 | 6.6 | 15.9 | 0.6% |
Others | 74.1 | 64.9 | 52.8 | 65.5 | -4.0% |
Total | 817 | 552 | 471 | 834 | 0.7% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from the United States in 2022:
- China (5.5K tons)
- Mexico (4.9K tons)
- France (2.9K tons)
- United Kingdom (1.4K tons)
- Belgium (1.2K tons)
- Canada (0.9K tons)
- Austria (0.8K tons)
- Italy (0.6K tons)
- Japan (0.6K tons)
- Israel (0.5K tons)
- Germany (0.5K tons)
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States
In 2022, overseas purchases of nickel; bars, rods and profiles, of nickel alloyses were finally on the rise to reach 7.3K tons after two years of decline. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $249M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 48.4 | 38.8 | 32.3 | 66.1 | 10.9% |
Italy | 25.0 | 28.9 | 16.8 | 54.5 | 29.7% |
Australia | 77.9 | 64.5 | 35.0 | 50.8 | -13.3% |
Austria | 10.4 | 9.3 | 14.3 | 20.7 | 25.8% |
United Kingdom | 30.8 | 19.6 | 10.3 | 18.3 | -15.9% |
Brazil | 10.6 | 6.3 | 10.8 | 12.3 | 5.1% |
Sweden | 4.3 | 3.2 | 2.3 | 7.4 | 19.8% |
Others | 10.1 | 13.1 | 9.1 | 18.9 | 23.2% |
Total | 218 | 184 | 131 | 249 | 4.5% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to the United States in 2022:
- Germany (1896.8 tons)
- Italy (1764.7 tons)
- Australia (1192.1 tons)
- Austria (613.1 tons)
- United Kingdom (454.2 tons)
- Sweden (446.2 tons)
- Brazil (388.7 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in the USA.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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