Price for Nickel; Tubes and Pipes, of Nickel Alloys in Spain - 2023

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Spain (FOB) - 2023
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Spain (CIF) - 2022
3. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Spain
4. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Spain

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Spain (FOB) - 2023

In August 2023, the average export price for nickel; tubes and pipes, of nickel alloyses amounted to $68,671 per ton, dropping by -16% against the previous month. Over the period under review, the export price showed a pronounced downturn. The pace of growth was the most pronounced in March 2023 an increase of 321% m-o-m. As a result, the export price reached the peak level of $265K per ton. From April 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the United States ($1.8M per ton), while the average price for exports to India ($1,808 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $32,265 per ton in 2022, which is down by -2.1% against the previous year. Overall, the import price saw a deep reduction. The growth pace was the most rapid in 2019 an increase of 61% against the previous year. Over the period under review, average import prices attained the maximum at $88,314 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($120,346 per ton), while the price for Italy ($17,869 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 168 tons of nickel; tubes and pipes, of nickel alloyses were exported from Spain; reducing by -70.1% against the previous year. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports attained the peak of 562 tons, and then fell rapidly in the following year.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses declined significantly to $8.9M in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. As a result, the exports reached the peak of $19M, and then shrank dramatically in the following year.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Spain in 2022:

1. United Arab Emirates (40.5 tons)
2. United States (30.0 tons)
3. Germany (18.2 tons)
4. Netherlands (11.7 tons)
5. Belgium (10.2 tons)
6. Austria (9.9 tons)
7. Italy (9.5 tons)
8. India (9.2 tons)
9. China (3.4 tons)
10. Oman (0.7 tons)

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

In 2022, imports of nickel; tubes and pipes, of nickel alloyses into Spain surged to 273 tons, picking up by 44% against the previous year. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 85% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses soared to $8.8M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Austria (67.2 tons)
2. Germany (61.7 tons)
3. Italy (39.0 tons)
4. China (31.5 tons)
5. France (29.4 tons)
6. Netherlands (20.9 tons)
7. United States (7.5 tons)
8. Japan (6.6 tons)
9. United Kingdom (6.5 tons)

Source: IndexBox Market Intelligence Platform