Price for Nickel; Tube and Pipe Fittings in Italy - 2023
Contents:
- Price for Nickel; Tube and Pipe Fittings in Italy (FOB) - 2023
- Price for Nickel; Tube and Pipe Fittings in Italy (CIF) - 2022
- Exports of Nickel; Tube and Pipe Fittings in Italy
- Imports of Nickel; Tube and Pipe Fittings in Italy
Price for Nickel; Tube and Pipe Fittings in Italy (FOB) - 2023
In August 2023, the average export price for nickel; tube and pipe fittingses amounted to $74,595 per ton, waning by -43% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 117% against the previous month. As a result, the export price reached the peak level of $150K per ton. From October 2022 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($579K per ton), while the average price for exports to Bahrain ($8,816 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in Italy (CIF) - 2022
The average import price for nickel; tube and pipe fittingses stood at $60,247 per ton in 2022, reducing by -24.6% against the previous year. In general, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 an increase of 114% against the previous year. As a result, import price attained the peak level of $102,369 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($234,514 per ton), while the price for France ($41,335 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+61.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Tube and Pipe Fittings in Italy
In 2022, shipments abroad of nickel; tube and pipe fittingses increased by 112% to 523 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; tube and pipe fittings exports skyrocketed to $33M in 2022. In general, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Nickel; Tube and Pipe Fittings in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.8 | 1.7 | 1.1 | 6.4 | 52.6% |
United States | 1.7 | 0.3 | 1.9 | 5.4 | 47.0% |
United Arab Emirates | 6.7 | 2.0 | 1.0 | 4.1 | -15.1% |
Saudi Arabia | 0.2 | 0.1 | 0.2 | 2.1 | 119.0% |
Netherlands | 0.7 | 1.0 | 0.8 | 1.4 | 26.0% |
India | 2.4 | 1.3 | 1.3 | 1.3 | -18.5% |
Taiwan (Chinese) | 0.4 | 0.1 | 0.4 | 1.2 | 44.2% |
Spain | 0.1 | 0.2 | 0.3 | 0.9 | 108.0% |
United Kingdom | 0.4 | 0.1 | 0.4 | 0.8 | 26.0% |
Egypt | N/A | N/A | 0.5 | 0.5 | 0.0% |
France | 0.5 | 0.2 | 0.8 | 0.5 | 0.0% |
Kuwait | 0.4 | 0.3 | N/A | 0.5 | 7.7% |
Guinea-Bissau | N/A | N/A | N/A | 0.1 | 0% |
Others | 8.5 | 11.6 | 7.2 | 7.4 | -4.5% |
Total | 23.9 | 18.9 | 15.9 | 32.7 | 11.0% |
Top Export Markets for Nickel; Tube and Pipe Fittings from Italy in 2022:
- United Arab Emirates (89.3 tons)
- Guinea-Bissau (81.7 tons)
- China (50.0 tons)
- United States (44.6 tons)
- India (32.0 tons)
- Saudi Arabia (30.0 tons)
- Egypt (23.8 tons)
- Taiwan (Chinese) (22.4 tons)
- Spain (21.2 tons)
- France (14.7 tons)
- Netherlands (14.0 tons)
- United Kingdom (13.3 tons)
- Kuwait (11.8 tons)
Imports of Nickel; Tube and Pipe Fittings in Italy
In 2022, the amount of nickel; tube and pipe fittingses imported into Italy surged to 59 tons, increasing by 62% compared with 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, nickel; tube and pipe fittings imports surged to $3.6M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Nickel; Tube and Pipe Fittings in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 835 | 1,097 | 1,364 | 1,870 | 30.8% |
United Kingdom | 242 | 194 | 224 | 402 | 18.4% |
United States | 288 | 263 | 537 | 335 | 5.2% |
Netherlands | 77.4 | 64.9 | 82.5 | 334 | 62.8% |
South Korea | 37.2 | 9.9 | 25.0 | 276 | 95.0% |
France | 107 | 85.8 | 38.8 | 121 | 4.2% |
Spain | 15.2 | 221 | 194 | 112 | 94.6% |
Belgium | 236 | 77.5 | 3.4 | 51.5 | -39.8% |
India | 128 | 156 | 120 | 35.8 | -34.6% |
Germany | 139 | 483 | 84.1 | 13.2 | -54.4% |
Others | 61.0 | 13.0 | 253 | 22.4 | -28.4% |
Total | 2,165 | 2,666 | 2,926 | 3,572 | 18.2% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Italy in 2022:
- China (39.5 tons)
- Netherlands (6.7 tons)
- South Korea (4.7 tons)
- France (2.9 tons)
- United States (1.7 tons)
- United Kingdom (1.7 tons)
- Spain (0.8 tons)
- India (0.7 tons)
- Belgium (0.3 tons)
- Germany (0.2 tons)
This report provides an in-depth analysis of the market for nickel pipes and fittings in Italy.
Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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