Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States (FOB) - 2023
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States (CIF) - 2022
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States (FOB) - 2023
In November 2023, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $40,628 per ton, reducing by -2.4% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 18% month-to-month. As a result, the export price reached the peak level of $50,716 per ton. From October 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Switzerland ($60,663 per ton), while the average price for exports to Hong Kong SAR ($32,010 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States (CIF) - 2022
The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $36,242 per ton in 2022, with an increase of 14% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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; plates, sheets, strip and foil, of nickel alloyses increased by +74.6% against 2017 indices. The growth pace was the most rapid in 2021 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady 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 Japan ($68,282 per ton), while the price for Sweden ($21,883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States
Exports of nickel; plates, sheets, strip and foil, of nickel alloyses from the United States totaled 13K tons in 2022, growing by 7.3% compared with the previous year's figure. Overall, exports, however, saw a noticeable contraction.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $485M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 69.3 | 90.2 | 92.1 | 99.2 | 12.7% |
| Germany | 51.2 | 31.0 | 41.2 | 65.0 | 8.3% |
| United Kingdom | 50.2 | 32.0 | 36.1 | 54.0 | 2.5% |
| South Korea | 26.3 | 24.2 | 33.4 | 35.8 | 10.8% |
| India | 29.7 | 26.4 | 30.0 | 32.7 | 3.3% |
| Japan | 33.1 | 31.5 | 19.8 | 31.7 | -1.4% |
| Mexico | 20.5 | 15.7 | 21.2 | 23.6 | 4.8% |
| Canada | 19.5 | 14.3 | 15.8 | 21.8 | 3.8% |
| Italy | 6.0 | 8.3 | 11.2 | 21.8 | 53.7% |
| Taiwan (Chinese) | 13.2 | 8.8 | 8.8 | 17.8 | 10.5% |
| Sweden | 6.0 | 4.5 | 7.2 | 11.5 | 24.2% |
| Indonesia | 41.3 | 1.3 | 0.3 | 0.7 | -74.3% |
| Belgium | 22.5 | 1.1 | 0.5 | 0.5 | -71.9% |
| Others | 65.3 | 63.8 | 48.0 | 69.2 | 2.0% |
| Total | 454 | 353 | 366 | 485 | 2.2% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from the United States in 2022:
- China (2648.9 tons)
- Germany (2009.2 tons)
- United Kingdom (1448.6 tons)
- India (1031.9 tons)
- South Korea (895.8 tons)
- Japan (770.6 tons)
- Italy (637.4 tons)
- Mexico (583.8 tons)
- Taiwan (Chinese) (540.6 tons)
- Canada (499.1 tons)
- Sweden (322.5 tons)
- Indonesia (15.7 tons)
- Belgium (15.3 tons)
Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States
In 2022, the amount of nickel; plates, sheets, strip and foil, of nickel alloyses imported into the United States surged to 4.8K tons, jumping by 31% on 2021 figures. Over the period under review, imports, however, recorded a noticeable contraction.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses skyrocketed to $173M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +86.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 70.7 | 46.1 | 59.8 | 75.4 | 2.2% |
| Japan | 25.2 | 23.2 | 28.1 | 55.4 | 30.0% |
| France | 7.7 | 8.4 | 10.3 | 13.2 | 19.7% |
| Sweden | 7.0 | 1.8 | 4.2 | 9.4 | 10.3% |
| China | 0.3 | 1.2 | 0.8 | 7.9 | 197.5% |
| Russia | 2.6 | 5.0 | 8.8 | 5.5 | 28.4% |
| Austria | 1.9 | 0.6 | 1.0 | 2.3 | 6.6% |
| United Kingdom | 9.8 | 4.7 | 0.9 | 0.5 | -62.9% |
| Others | 2.7 | 1.9 | 2.2 | 3.6 | 10.1% |
| Total | 128 | 93.0 | 116 | 173 | 10.6% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to the United States in 2022:
- Germany (2632.6 tons)
- Japan (811.4 tons)
- Sweden (428.7 tons)
- France (341.6 tons)
- China (204.4 tons)
- Russia (143.2 tons)
- Austria (73.9 tons)
- United Kingdom (19.9 tons)
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