Price for Nickel; Bars, Rods, Profiles and Wire in Estonia - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Estonia (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Estonia (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Estonia
- Exports of Nickel; Bars, Rods, Profiles and Wire in Estonia
Price for Nickel; Bars, Rods, Profiles and Wire in Estonia (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $66,656 per ton, with an increase of 40% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods, profiles and wires increased by +76.3% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 China ($105,497 per ton), while the price for Switzerland ($48,133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+40.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Estonia (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $89,573 per ton in 2022, rising by 54% against the previous year. Over the period under review, the export price showed a modest increase. Over the period under review, the average export prices attained the maximum at $97,136 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to +27.4% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Estonia
In 2022, overseas purchases of nickel; bars, rods, profiles and wires were finally on the rise to reach 9 tons after two years of decline. Over the period under review, imports, however, recorded a dramatic slump.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $598K in 2022. Overall, imports, however, saw a perceptible decrease.
| Import of Nickel; Bars, Rods, Profiles and Wire in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 358 | 8.6 | 1.0 | 299 | -5.8% |
| Finland | N/A | 25.9 | 4.2 | 239 | 203.8% |
| Italy | N/A | N/A | 23.3 | 25.3 | 8.6% |
| China | N/A | N/A | N/A | 15.7 | 0% |
| South Korea | 8.0 | 1.3 | 6.9 | 7.5 | -2.1% |
| Sweden | 60.3 | 20.8 | 2.5 | 3.3 | -62.0% |
| Switzerland | 24.9 | 21.6 | N/A | 0.7 | -69.6% |
| Poland | 25.7 | 0.2 | 0.4 | N/A | -87.5% |
| Others | 211 | 5.4 | 5.4 | 7.1 | -67.7% |
| Total | 688 | 83.7 | 43.9 | 598 | -4.6% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Estonia in 2022:
- Czech Republic (4.5 tons)
- Finland (3.6 tons)
- Italy (0.5 tons)
- China (0.1 tons)
- South Korea (0.1 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Estonia
In 2022, overseas shipments of nickel; bars, rods, profiles and wires increased by 17,474% to 4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods, profiles and wires surged to $362K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 17.4 | N/A | 0.3 | 362 | 175.0% |
| Others | 0.4 | 2.5 | 1.0 | N/A | 58.1% |
| Total | 17.9 | 2.5 | 1.3 | 362 | 172.4% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Estonia in 2022:
- Russia (4.0 tons)
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