Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy - 2023

Contents:

1. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy (CIF) - 2023
2. Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy (FOB) - 2022
3. Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy
4. Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy (CIF) - 2023

The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $42,695 per ton in October 2023, increasing by 27% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in August 2023 when the average import price increased by 28% month-to-month. Over the period under review, average import prices reached the maximum at $46,142 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was China ($49,740 per ton), while the price for Japan ($41,295 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy (FOB) - 2022

In 2022, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $32,489 per ton, growing by 11% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 46% against the previous year. The export price peaked at $34,229 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($55,882 per ton), while the average price for exports to Germany ($20,512 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 Iran (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy

In 2022, imports of nickel; plates, sheets, strip and foil, of nickel alloyses into Italy was estimated at 3.5K tons, growing by 11% compared with 2021. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports attained the peak of 4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $106M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to Italy in 2022:

1. Germany (1751.3 tons)
2. France (565.2 tons)
3. United States (334.0 tons)
4. Sweden (319.7 tons)
5. Japan (249.6 tons)
6. Belgium (101.7 tons)
7. Romania (53.4 tons)
8. United Kingdom (13.6 tons)

Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Italy

In 2022, the amount of nickel; plates, sheets, strip and foil, of nickel alloyses exported from Italy contracted modestly to 319 tons, which is down by -2.5% compared with the year before. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports attained the peak of 327 tons, and then dropped in the following year.

In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $10M in 2022. The total export value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from Italy in 2022:

1. Germany (59.1 tons)
2. France (50.3 tons)
3. Switzerland (46.1 tons)
4. India (23.6 tons)
5. Russia (18.2 tons)
6. Spain (17.8 tons)
7. Egypt (15.4 tons)
8. Iran (13.4 tons)
9. Turkey (12.1 tons)
10. United States (9.8 tons)
11. Netherlands (9.7 tons)
12. United Kingdom (8.1 tons)
13. Czech Republic (5.6 tons)

Source: IndexBox Market Intelligence Platform