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

Contents:

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

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

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $131,534 per ton, dropping by -15.5% against the previous year. In general, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 112% against the previous year. The import price peaked at $224,858 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 ($1,483,274 per ton), while the price for the Czech Republic ($40,250 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tube and pipe fittingses stood at $20,235 per ton in 2022, jumping by 74% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 74%. Over the period under review, the average export prices hit record highs at $25,314 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($89,339 per ton), while the average price for exports to Norway ($10,657 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 the United Arab Emirates (+65.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tube and Pipe Fittings in Turkey

In 2022, the amount of nickel; tube and pipe fittingses imported into Turkey surged to 9.9 tons, with an increase of 251% against the year before. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; tube and pipe fittings imports surged to $1.3M in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Tube and Pipe Fittings in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/A14.72.3506486.7%
United States93.118196.748873.7%
United KingdomN/A68.125.213942.9%
Italy71.17.324989.47.9%
Germany6.910.9N/A20.543.8%
China24.212.85.115.1-14.5%
Netherlands14.51.07.01.6-52.0%
Others41.18.252.139.4-1.4%
Total2513044381,29973.0%

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

  1. Netherlands (undefined tons)
  2. South Korea (6.6 tons)
  3. United Kingdom (1.3 tons)
  4. Italy (1.0 tons)
  5. United States (0.3 tons)
  6. China (0.3 tons)
  7. Germany (0.2 tons)

Exports of Nickel; Tube and Pipe Fittings in Turkey

Nickel; tube and pipe fittings exports from Turkey reduced notably to 8.2 tons in 2022, dropping by -22.4% against the previous year's figure. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 198% against the previous year. As a result, the exports attained the peak of 11 tons, and then reduced rapidly in the following year.

In value terms, nickel; tube and pipe fittings exports soared to $167K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Nickel; Tube and Pipe Fittings in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IranN/A0.5N/A60.3998.2%
NorwayN/AN/AN/A37.90%
United StatesN/A5.7N/A28.3122.8%
RomaniaN/AN/A48.925.1-48.7%
Uzbekistan9.43.440.113.512.8%
Denmark10.40.2N/AN/A-98.1%
GermanyN/A22.6N/AN/A0%
United Kingdom3.30.119.4N/A142.5%
Oman23.144.0N/AN/A90.5%
Algeria6.2N/A8.1N/A14.3%
Iraq9.80.33.1N/A-43.8%
Others7.113.54.01.6-39.1%
Total69.390.212416734.1%

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

  1. Norway (3.6 tons)
  2. Romania (2.0 tons)
  3. Uzbekistan (1.0 tons)
  4. United States (0.9 tons)
  5. Iran (0.7 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Nickel; tube and pipe fittings - Turkey