Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark - 2023

Contents:

1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark (CIF) - 2022
2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark (FOB) - 2022
3. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark
4. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark (CIF) - 2022

The average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $191,976 per ton in 2022, surging by 87% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 105% 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 immediate term.

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 ($509,255 per ton), while the price for Italy ($22,512 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark (FOB) - 2022

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $33,145 per ton in 2022, rising by 7.2% against the previous year. In general, the export price enjoyed a notable expansion. The growth pace was the most rapid in 2016 an increase of 126%. As a result, the export price reached the peak level of $72,615 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($110,873 per ton), while the average price for exports to Faroe Islands ($9,344 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 UK (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark

In 2022, overseas purchases of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -46.9% to 39 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 122%. As a result, imports attained the peak of 74 tons, and then declined markedly in the following year.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s fell to $7.5M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +66.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67%. As a result, imports attained the peak of $7.6M, leveling off in the following year.

Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Denmark in 2022:

1. United States (12.5 tons)
2. Italy (11.4 tons)
3. Germany (8.6 tons)
4. China (2.2 tons)
5. Czech Republic (1.1 tons)
6. Netherlands (0.8 tons)
7. United Kingdom (0.7 tons)
8. Sweden (0.6 tons)

Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Denmark

Exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s from Denmark skyrocketed to 12 tons in 2022, growing by 161% against the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $402K in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Denmark in 2022:

1. Faroe Islands (3.8 tons)
2. Norway (2.3 tons)
3. Iceland (1.5 tons)
4. Kuwait (1.4 tons)
5. United States (0.8 tons)
6. Greenland (0.5 tons)
7. China (0.5 tons)
8. Qatar (0.3 tons)

Source: IndexBox Market Intelligence Platform