Price for Nickel; Unwrought, Not Alloyed in Switzerland - 2023

Contents:

1. Price for Nickel; Unwrought, Not Alloyed in Switzerland (CIF) - 2023
2. Price for Nickel; Unwrought, Not Alloyed in Switzerland (FOB) - 2022
3. Imports of Nickel; Unwrought, Not Alloyed in Switzerland
4. Exports of Nickel; Unwrought, Not Alloyed in Switzerland

Price for Nickel; Unwrought, Not Alloyed in Switzerland (CIF) - 2023

In September 2023, the average nickel; unwrought, not alloyed import price amounted to $22,676 per ton, shrinking by -5% against the previous month. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 23% against the previous month. As a result, import price attained the peak level of $32,676 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Norway ($31,871 per ton), while the price for Germany ($20,925 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Nickel; Unwrought, Not Alloyed in Switzerland (FOB) - 2022

In 2022, the average nickel; unwrought, not alloyed export price amounted to $21,519 per ton, reducing by -5% against the previous year. Over the period under review, the export price showed a mild decrease. The growth pace was the most rapid in 2020 when the average export price increased by 111%. As a result, the export price reached the peak level of $30,810 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($29,090 per ton), while the average price for exports to Germany ($19,638 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 Austria (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Unwrought, Not Alloyed in Switzerland

Nickel; unwrought, not alloyed imports into Switzerland stood at 542 tons in 2022, growing by 5.7% on 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume 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 +45.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nickel; unwrought, not alloyed imports surged to $16M in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Nickel; Unwrought, Not Alloyed to Switzerland in 2022:

1. United Kingdom (296.1 tons)
2. Russia (75.5 tons)
3. Germany (63.3 tons)
4. Norway (24.4 tons)
5. United States (18.0 tons)
6. Italy (16.4 tons)
7. France (16.2 tons)
8. Finland (11.7 tons)
9. Canada (5.7 tons)

Exports of Nickel; Unwrought, Not Alloyed in Switzerland

Nickel; unwrought, not alloyed exports from Switzerland declined dramatically to 35 tons in 2022, with a decrease of -98% compared with the previous year's figure. Overall, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 357%. As a result, the exports reached the peak of 1.7K tons, and then dropped rapidly in the following year.

In value terms, nickel; unwrought, not alloyed exports reduced markedly to $753K in 2022. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 236%. As a result, the exports attained the peak of $39M, and then contracted markedly in the following year.

Top Export Markets for Nickel; Unwrought, Not Alloyed from Switzerland in 2022:

1. Germany (25.4 tons)
2. Austria (5.9 tons)
3. Iran (3.6 tons)

Source: IndexBox Market Intelligence Platform