Price for Nickel; Tubes and Pipes, of Nickel Alloys in Israel - 2022

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Israel (CIF) - 2022

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $64,858 per ton in 2022, increasing by 4.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($64,864 per ton) and China ($64,862 per ton), while the price for Italy ($64,853 per ton) and Japan ($64,857 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Israel (FOB) - 2022

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $57,724 per ton in 2022, picking up by 2.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $62,574 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($152,672 per ton), while the average price for exports to Germany ($55,340 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 States (+7.7%).

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Israel

In 2022, purchases abroad of nickel; tubes and pipes, of nickel alloyses increased by 26% to 101 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt downturn.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses soared to $6.6M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment.

Import of Nickel; Tubes and Pipes, of Nickel Alloys in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.7	3.8	1.9	3.6	28.4%
Germany	5.7	1.2	2.0	1.6	-34.5%
China	0.1	0.1	0.1	0.4	58.7%
Italy	0.1	0.5	0.2	0.3	44.2%
France	0.3	0.2	0.3	0.3	0.0%
Japan	0.2	0.2	0.1	0.2	0.0%
Others	0.1	0.5	0.2	0.1	0.0%
Total	8.2	6.5	5.0	6.6	-7.0%

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Israel in 2022:

United States (56.3 tons)
Germany (25.2 tons)
China (6.2 tons)
Italy (4.6 tons)
France (4.0 tons)
Japan (3.5 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Israel

For the third year in a row, Israel recorded growth in shipments abroad of nickel; tubes and pipes, of nickel alloyses, which increased by 191% to 11 tons in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 531% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $633K in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 584% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.