Price for Nickel; Bars, Rods, Profiles and Wire in Denmark - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Denmark (CIF) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Denmark (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Denmark
- Exports of Nickel; Bars, Rods, Profiles and Wire in Denmark
Price for Nickel; Bars, Rods, Profiles and Wire in Denmark (CIF) - 2023
The average import price for nickel; bars, rods, profiles and wires stood at $25,868 per ton in August 2023, with a decrease of -69.9% against the previous month. Over the period under review, the import price, however, saw a modest increase. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 91% m-o-m. The import price peaked at $85,855 per ton in July 2023, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($142K per ton), while the price for Norway stood at $62,551 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Denmark (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $125,230 per ton, picking up by 55% against the previous year. In general, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 435% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($160,108 per ton), while the average price for exports to Faroe Islands ($16,000 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 Nigeria (+182.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Denmark
In 2022, approx. 128 tons of nickel; bars, rods, profiles and wires were imported into Denmark; jumping by 39% compared with 2021 figures. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. 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, profiles and wires soared to $5.3M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 44.4 | 86.0 | 0.2 | 2,592 | 287.9% |
| Germany | 805 | 380 | 463 | 974 | 6.6% |
| Italy | 203 | 1,322 | 1,060 | 914 | 65.1% |
| United Kingdom | 129 | 133 | 234 | 209 | 17.4% |
| Czech Republic | 0.7 | 69.6 | 273 | 102 | 426.2% |
| Sweden | 154 | 121 | 169 | 100 | -13.4% |
| Belgium | 291 | 121 | 316 | 38.7 | -49.0% |
| Others | 343 | 215 | 269 | 365 | 2.1% |
| Total | 1,971 | 2,447 | 2,783 | 5,296 | 39.0% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Denmark in 2022:
- Germany (60.3 tons)
- Norway (39.9 tons)
- Italy (11.4 tons)
- Sweden (3.1 tons)
- Belgium (3.1 tons)
- Czech Republic (2.9 tons)
- United Kingdom (2.5 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Denmark
In 2022, approx. 7 tons of nickel; bars, rods, profiles and wires were exported from Denmark; growing by 48% on 2021. In general, exports, however, continue to indicate a dramatic contraction.
In value terms, exports of nickel; bars, rods, profiles and wires skyrocketed to $875K in 2022. Over the period under review, exports enjoyed a slight expansion. The pace of growth was the most pronounced in 2020 when exports increased by 129%. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Nickel; Bars, Rods, Profiles and Wire in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 487 | 428 | 238 | 550 | 4.1% |
| Qatar | N/A | N/A | N/A | 99.6 | 0% |
| Netherlands | 21.1 | 23.3 | 12.8 | 40.5 | 24.3% |
| Spain | N/A | 6.8 | 5.5 | 39.7 | 141.6% |
| Czech Republic | N/A | N/A | N/A | 30.0 | 0% |
| Italy | N/A | 41.0 | N/A | 13.1 | -43.5% |
| Greenland | 6.2 | N/A | 16.8 | 11.3 | 22.2% |
| Faroe Islands | 22.2 | 9.2 | 2.3 | 1.2 | -62.2% |
| Norway | 0.5 | 41.9 | 27.1 | N/A | 636.2% |
| Nigeria | 219 | 116 | N/A | N/A | -47.0% |
| India | N/A | 1,203 | N/A | N/A | 0% |
| Others | 84.8 | 55.7 | 80.5 | 89.8 | 1.9% |
| Total | 841 | 1,926 | 383 | 875 | 1.3% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Denmark in 2022:
- South Africa (3435.0 kg)
- Netherlands (1070.0 kg)
- Qatar (692.0 kg)
- Spain (580.0 kg)
- Czech Republic (354.0 kg)
- Greenland (286.0 kg)
- Italy (234.0 kg)
- Faroe Islands (72.0 kg)
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