Price for Nickel; Tube and Pipe Fittings in Greece - 2023

Price for Nickel; Tube and Pipe Fittings in Greece (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $3,807 per ton, waning by -71.1% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by 332%. As a result, import price reached the peak level of $31,908 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Italy ($39,156 per ton), while the price for Finland ($166 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Greece (FOB) - 2022

The average export price for nickel; tube and pipe fittingses stood at $25,348 per ton in 2022, jumping by 99% against the previous year. In general, the export price posted moderate growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 229%. As a result, the export price attained the peak level of $80,733 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2022, the rate of growth in terms of prices for Cyprus amounted to +1.7% per year.

Imports of Nickel; Tube and Pipe Fittings in Greece

In 2022, approx. 26 tons of nickel; tube and pipe fittingses were imported into Greece; picking up by 61% against 2021. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 95%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, nickel; tube and pipe fittings imports contracted significantly to $97K in 2022. Over the period under review, imports, however, faced a sharp contraction. The smallest decline of -3.3% was in 2021.

Import of Nickel; Tube and Pipe Fittings in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	71.6	10.4	68.0	55.9	-7.9%
Netherlands	199	77.6	41.1	16.6	-56.3%
United Kingdom	29.9	12.6	5.9	7.5	-36.9%
Germany	28.3	31.7	78.9	6.9	-37.5%
Finland	N/A	N/A	N/A	3.3	0%
Turkey	N/A	N/A	N/A	2.4	0%
Sweden	67.9	18.1	6.1	N/A	-70.0%
Others	65.0	66.3	9.4	4.7	-58.3%
Total	462	217	210	97.3	-40.5%

Top Suppliers of Nickel; Tube and Pipe Fittings to Greece in 2022:

Finland (19.8 tons)
Netherlands (2.6 tons)
Italy (1.4 tons)
Turkey (0.6 tons)
Germany (0.6 tons)
United Kingdom (0.3 tons)

Exports of Nickel; Tube and Pipe Fittings in Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of nickel; tube and pipe fittingses, when their volume decreased by -25.8% to 23 kg. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 244%. As a result, the exports reached the peak of 31 kg, and then plummeted in the following year.

In value terms, nickel; tube and pipe fittings exports skyrocketed to $583 in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 302% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.