Price for Nickel; Unwrought, Not Alloyed in Hungary - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Hungary (CIF) - 2022
- Price for Nickel; Unwrought, Not Alloyed in Hungary (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Hungary
- Exports of Nickel; Unwrought, Not Alloyed in Hungary
Price for Nickel; Unwrought, Not Alloyed in Hungary (CIF) - 2022
The average nickel; unwrought, not alloyed import price stood at $27,990 per ton in 2022, growing by 46% against the previous year. Over the period under review, the import price showed a pronounced expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($29,243 per ton), while the price for the Netherlands ($19,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Hungary (FOB) - 2022
The average nickel; unwrought, not alloyed export price stood at $32,497 per ton in 2022, approximately mirroring the previous year. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +470.1% per year.
Imports of Nickel; Unwrought, Not Alloyed in Hungary
In 2022, overseas purchases of nickel; unwrought, not alloyeds decreased by -41.1% to 63 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 1.4% against the previous year. As a result, imports attained the peak of 120 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nickel; unwrought, not alloyed imports contracted to $1.8M in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 8.9% against the previous year. As a result, imports attained the peak of $2M, and then shrank in the following year.
| Import of Nickel; Unwrought, Not Alloyed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 609 | 735 | 906 | 1,540 | 36.2% |
| Netherlands | 428 | 96.1 | 853 | 73.9 | -44.3% |
| France | 433 | 225 | 131 | 71.4 | -45.2% |
| Poland | 109 | 327 | 145 | 41.4 | -27.6% |
| Slovenia | N/A | N/A | N/A | 25.2 | 0% |
| Luxembourg | 317 | 328 | N/A | N/A | 3.5% |
| Others | 29.4 | 159 | N/A | 3.8 | -49.4% |
| Total | 1,925 | 1,870 | 2,036 | 1,755 | -3.0% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Hungary in 2022:
- Germany (52.7 tons)
- Netherlands (3.9 tons)
- France (3.0 tons)
- Poland (2.0 tons)
- Slovenia (1.0 tons)
Exports of Nickel; Unwrought, Not Alloyed in Hungary
Nickel; unwrought, not alloyed exports from Hungary was estimated at 24 tons in 2022, stabilizing at 2021 figures. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, not alloyed exports amounted to $787K in 2022. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Nickel; Unwrought, Not Alloyed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | N/A | N/A | 787 | 0% | |
| Slovenia | 0.4 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.4 | N/A | 787 | 4335.7% | |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Hungary in 2022:
- Netherlands (24.2 tons)
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This report provides an in-depth analysis of the nickel market in Hungary.
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This report provides an in-depth analysis of the nickel market in Hungary.
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