Price for Nickel; Bars, Rods, Profiles and Wire in Sweden - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Sweden (FOB) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Sweden (CIF) - 2022
- Exports of Nickel; Bars, Rods, Profiles and Wire in Sweden
- Imports of Nickel; Bars, Rods, Profiles and Wire in Sweden
Price for Nickel; Bars, Rods, Profiles and Wire in Sweden (FOB) - 2023
In August 2023, the average export price for nickel; bars, rods, profiles and wires amounted to $28,897 per ton, rising by 11% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices reached the maximum in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($70,120 per ton), while the average price for exports to the United States ($23,428 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Sweden (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $34,807 per ton, surging by 4.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($81,584 per ton), while the price for the Czech Republic ($26,010 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 States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods, Profiles and Wire in Sweden
In 2022, exports of nickel; bars, rods, profiles and wires from Sweden shrank significantly to 3.6K tons, with a decrease of -27.2% compared with 2021 figures. In general, exports saw a deep downturn. The smallest decline of -1% was in 2021.
In value terms, exports of nickel; bars, rods, profiles and wires expanded modestly to $85M in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year.
| Export of Nickel; Bars, Rods, Profiles and Wire in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.5 | 29.7 | 46.2 | 41.4 | 8.4% |
| United Kingdom | 2.7 | 2.8 | 6.1 | 12.4 | 66.2% |
| India | 8.8 | 10.4 | 11.6 | 8.5 | -1.1% |
| China | 2.9 | 2.4 | 4.1 | 3.8 | 9.4% |
| Netherlands | 4.9 | 4.4 | 0.2 | 3.2 | -13.2% |
| Mexico | N/A | 3.1 | 2.2 | 2.8 | -5.0% |
| South Korea | 1.9 | 2.4 | 1.9 | 2.0 | 1.7% |
| Germany | 7.2 | 4.5 | 3.4 | 1.8 | -37.0% |
| Italy | 10.9 | 4.5 | 1.7 | 1.7 | -46.2% |
| Others | 14.9 | 8.5 | 6.7 | 7.8 | -19.4% |
| Total | 86.8 | 72.6 | 84.2 | 85.5 | -0.5% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Sweden in 2022:
- United States (1801.0 tons)
- United Kingdom (492.7 tons)
- India (418.6 tons)
- Mexico (207.1 tons)
- China (168.6 tons)
- Netherlands (91.2 tons)
- South Korea (83.9 tons)
- Germany (63.1 tons)
- Italy (53.4 tons)
Imports of Nickel; Bars, Rods, Profiles and Wire in Sweden
In 2022, purchases abroad of nickel; bars, rods, profiles and wires increased by 61% to 1.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $40M in 2022. In general, imports continue to indicate 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 Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 6.3 | 7.1 | 7.9 | 21.6 | 50.8% |
| United Kingdom | 4.7 | 4.0 | 8.8 | 10.9 | 32.4% |
| Germany | 4.3 | 3.4 | 2.4 | 3.7 | -4.9% |
| Czech Republic | 4.3 | 3.6 | 2.8 | 2.2 | -20.0% |
| Italy | 0.1 | 0.1 | 0.1 | 0.8 | 100.0% |
| United States | 0.4 | 0.4 | 1.1 | 0.5 | 7.7% |
| Switzerland | 0.3 | 0.9 | 0.4 | 0.3 | 0.0% |
| Others | 1.5 | 0.7 | 0.4 | 0.3 | -41.5% |
| Total | 22.0 | 20.3 | 24.0 | 40.3 | 22.4% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Sweden in 2022:
- Austria (796.9 tons)
- United Kingdom (134.0 tons)
- Germany (89.4 tons)
- Czech Republic (84.5 tons)
- Italy (28.5 tons)
- United States (8.1 tons)
- Switzerland (7.5 tons)
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