Price for Nickel; Plates, Sheets, Strip and Foil in Serbia - 2024

Contents:

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

Price for Nickel; Plates, Sheets, Strip and Foil in Serbia (CIF) - 2022

The average import price for nickel; plates, sheets, strip and foils stood at $29,019 per ton in 2022, picking up by 69% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $35,738 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the United States ($84,630 per ton), while the price for China ($19,203 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; plates, sheets, strip and foils amounted to $79,375 per ton, surging by 60% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 682% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($95,900 per ton), while the average price for exports to Montenegro ($18,923 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+341.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Plates, Sheets, Strip and Foil in Serbia

In 2022, approx. 19 tons of nickel; plates, sheets, strip and foils were imported into Serbia; reducing by -94.8% compared with 2021. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,471% against the previous year. As a result, imports reached the peak of 370 tons, and then dropped rapidly in the following year.

In value terms, imports of nickel; plates, sheets, strip and foils shrank remarkably to $560K in 2022. Overall, imports showed a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 983% against the previous year. As a result, imports reached the peak of $6.4M, and then shrank remarkably in the following year.

Import of Nickel; Plates, Sheets, Strip and Foil in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2904900.5262-3.3%
United States98.769.870.197.2-0.5%
China70.02.482.480.74.9%
Slovenia29.021.110.948.718.9%
JapanN/AN/A0.134.033900.0%
Russia53.4N/A35.826.1-21.2%
NorwayN/AN/A6,138N/A0%
Others95.54.429.011.4-50.8%
Total6365886,367560-4.2%

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

  1. Germany (9.0 tons)
  2. China (4.2 tons)
  3. Slovenia (2.4 tons)
  4. Japan (1.4 tons)
  5. United States (1.1 tons)
  6. Russia (0.9 tons)

Exports of Nickel; Plates, Sheets, Strip and Foil in Serbia

In 2022, the amount of nickel; plates, sheets, strip and foils exported from Serbia expanded markedly to 64 kg, growing by 10% on the previous year's figure. In general, exports, however, showed a dramatic curtailment.

In value terms, exports of nickel; plates, sheets, strip and foils skyrocketed to $5.1K in 2022. Overall, exports, however, continue to indicate a significant contraction.

Export of Nickel; Plates, Sheets, Strip and Foil in Serbia (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
North MacedoniaN/AN/A4.80%
Montenegro0.40.30.2-29.3%
GermanyN/A0.2N/A0%
Lithuania207N/AN/A0%
Others1.52.4N/A60.0%
Total2082.95.1-84.3%

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

  1. North Macedonia (50.0 kg)
  2. Montenegro (13.0 kg)
  3. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform

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