Price for Nickel; Tube and Pipe Fittings in Russia - 2022

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Russia (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Russia (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Russia
4. Exports of Nickel; Tube and Pipe Fittings in Russia

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

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $126,448 per ton, dropping by -34.2% against the previous year. Overall, the import price saw a noticeable decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 75% against the previous year. As a result, import price reached the peak level of $260,672 per ton. From 2021 to 2022, the average 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 UK ($255,225 per ton), while the price for China ($57,684 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for nickel; tube and pipe fittingses stood at $59,257 per ton in 2022, shrinking by -6.3% against the previous year. Overall, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 798%. As a result, the export price reached the peak level of $136,647 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($109,850 per ton), while the average price for exports to Belarus ($9,889 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 Kazakhstan (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tube and Pipe Fittings in Russia

In 2022, imports of nickel; tube and pipe fittingses into Russia soared to 20 tons, with an increase of 45% compared with the year before. Over the period under review, imports, however, continue to indicate a precipitous decrease.

In value terms, nickel; tube and pipe fittings imports reduced to $2.6M in 2022. Overall, imports, however, recorded a precipitous decline.

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

1. Italy (undefined tons)
2. China (9.6 tons)
3. Germany (4.1 tons)
4. United Kingdom (3.5 tons)
5. United States (3.0 tons)

Exports of Nickel; Tube and Pipe Fittings in Russia

In 2022, exports of nickel; tube and pipe fittingses from Russia declined remarkably to 571 kg, dropping by -39% on 2021 figures. In general, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 373%.

In value terms, nickel; tube and pipe fittings exports reduced rapidly to $34K in 2022. Overall, exports recorded a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 599%.

Top Export Markets for Nickel; Tube and Pipe Fittings from Russia in 2022:

1. Netherlands (542.0 kg)
2. Kazakhstan (20.0 kg)
3. Belarus (9.0 kg)

Source: IndexBox Market Intelligence Platform