Price for Nickel; Bars, Rods, Profiles and Wire in Spain - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Spain (CIF) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Spain (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Spain
- Exports of Nickel; Bars, Rods, Profiles and Wire in Spain
Price for Nickel; Bars, Rods, Profiles and Wire in Spain (CIF) - 2023
In August 2023, the average import price for nickel; bars, rods, profiles and wires amounted to $107K per ton, surging by 38% against the previous month. Over the last eight months, it increased at an average monthly rate of +4.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($305K per ton), while the price for Sweden ($22,413 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Spain (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $61,655 per ton, growing by 40% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 193% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($396,250 per ton), while the average price for exports to Austria ($12,646 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 Romania (+133.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Spain
For the third year in a row, Spain recorded decline in purchases abroad of nickel; bars, rods, profiles and wires, which decreased by -8.7% to 691 tons in 2022. Overall, imports recorded a precipitous contraction.
In value terms, imports of nickel; bars, rods, profiles and wires contracted to $54M in 2022. Over the period under review, imports recorded a sharp decline.
| Import of Nickel; Bars, Rods, Profiles and Wire in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.1 | 24.6 | 20.9 | 14.8 | -30.0% |
| Japan | 17.6 | 19.6 | 9.4 | 14.2 | -6.9% |
| Germany | 12.3 | 9.4 | 5.2 | 5.8 | -22.2% |
| Italy | 12.9 | 7.3 | 5.7 | 5.7 | -23.8% |
| United Kingdom | 4.0 | 3.0 | 4.3 | 4.2 | 1.6% |
| Israel | 5.1 | 6.4 | 6.4 | 2.9 | -17.2% |
| France | 4.3 | 2.7 | 1.2 | 1.8 | -25.2% |
| Sweden | 3.4 | 1.0 | 0.3 | 0.1 | -69.1% |
| Others | 6.1 | 6.7 | 5.0 | 4.3 | -11.0% |
| Total | 109 | 80.6 | 58.4 | 53.9 | -20.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Spain in 2022:
- Germany (165.9 tons)
- Japan (144.0 tons)
- Italy (103.9 tons)
- United States (79.2 tons)
- United Kingdom (72.2 tons)
- France (46.0 tons)
- Israel (19.3 tons)
- Sweden (5.5 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Spain
For the third year in a row, Spain recorded decline in shipments abroad of nickel; bars, rods, profiles and wires, which decreased by -47.4% to 38 tons in 2022. In general, exports saw a dramatic curtailment. The smallest decline of -34.7% was in 2020.
In value terms, exports of nickel; bars, rods, profiles and wires shrank markedly to $2.3M in 2022. Overall, exports recorded a dramatic decline.
| Export of Nickel; Bars, Rods, Profiles and Wire in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 10.6 | 677 | 588 | 644.8% |
| Portugal | 945 | 901 | 713 | 404 | -24.7% |
| France | 126 | 176 | 377 | 306 | 34.4% |
| United States | 133 | 98.8 | 172 | 223 | 18.8% |
| Netherlands | 1,488 | 651 | 221 | 202 | -48.6% |
| Japan | 192 | 367 | 431 | 178 | -2.5% |
| Italy | 2,995 | 822 | 104 | 107 | -67.1% |
| Mexico | 12,874 | 3,515 | 53.7 | 42.8 | -85.1% |
| Austria | 984 | 1,651 | 156 | 3.3 | -85.0% |
| Others | 653 | 378 | 271 | 283 | -24.3% |
| Total | 20,389 | 8,571 | 3,176 | 2,337 | -51.4% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Spain in 2022:
- France (9.9 tons)
- Portugal (9.6 tons)
- Italy (5.8 tons)
- United Kingdom (4.2 tons)
- United States (3.4 tons)
- Netherlands (1.1 tons)
- Japan (0.8 tons)
- Austria (0.3 tons)
- Mexico (0.1 tons)
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