Price for Nickel; Unwrought, Not Alloyed in the UK - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in the UK (FOB) - 2022
- Price for Nickel; Unwrought, Not Alloyed in the UK (CIF) - 2022
- Exports of Nickel; Unwrought, Not Alloyed in the UK
- Imports of Nickel; Unwrought, Not Alloyed in the UK
Price for Nickel; Unwrought, Not Alloyed in the UK (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $24,233 per ton, jumping by 19% against the previous year. In general, the export price enjoyed perceptible growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($30,057 per ton), while the average price for exports to Sweden ($19,184 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 Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in the UK (CIF) - 2022
In 2022, the average nickel; unwrought, not alloyed import price amounted to $25,700 per ton, increasing by 43% against the previous year. Overall, the import price enjoyed a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($27,768 per ton) and Norway ($25,706 per ton), while the price for France ($21,940 per ton) and Russia ($23,636 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Unwrought, Not Alloyed in the UK
In 2022, shipments abroad of nickel; unwrought, not alloyeds decreased by -5.7% to 22K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.1% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 78%. As a result, the exports attained the peak of 31K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, nickel; unwrought, not alloyed exports expanded rapidly to $544M in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 83%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.7 | 30.9 | 160 | 149 | 280.7% |
| China | 51.7 | 90.1 | 82.2 | 95.7 | 22.8% |
| Germany | 48.1 | 50.4 | 45.9 | 66.6 | 11.5% |
| Japan | 37.3 | 29.9 | 25.8 | 43.1 | 4.9% |
| Netherlands | 7.9 | 171 | 19.5 | 33.1 | 61.2% |
| India | 5.0 | 9.9 | 26.2 | 28.3 | 78.2% |
| Sweden | 28.6 | 16.6 | 51.3 | 23.9 | -5.8% |
| France | 15.6 | 19.0 | 12.1 | 19.6 | 7.9% |
| Canada | 5.6 | 4.6 | 7.9 | 15.8 | 41.3% |
| Italy | 18.6 | 8.0 | 8.7 | 9.4 | -20.3% |
| Others | 27.6 | 25.9 | 45.8 | 59.3 | 29.0% |
| Total | 249 | 456 | 486 | 544 | 29.8% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from the UK in 2022:
- Belgium (5.7K tons)
- China (4.6K tons)
- Germany (2.4K tons)
- Japan (2.2K tons)
- Netherlands (1.3K tons)
- Sweden (1.2K tons)
- India (1.1K tons)
- France (0.7K tons)
- Canada (0.6K tons)
- Italy (0.3K tons)
Imports of Nickel; Unwrought, Not Alloyed in the UK
In 2022, nickel; unwrought, not alloyed imports into the UK expanded notably to 8.9K tons, surging by 14% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year.
In value terms, nickel; unwrought, not alloyed imports soared to $229M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Nickel; Unwrought, Not Alloyed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 34.6 | 24.5 | 59.1 | 72.4 | 27.9% |
| Australia | N/A | 0.7 | 14.5 | 52.3 | 764.4% |
| Finland | 35.1 | 28.2 | 24.9 | 43.9 | 7.7% |
| Russia | N/A | N/A | N/A | 27.1 | 0% |
| Canada | 13.4 | 2.9 | 4.7 | 14.6 | 2.9% |
| South Africa | 0.4 | 0.9 | 1.1 | 7.0 | 159.6% |
| France | 1.2 | 0.3 | 0.1 | 3.7 | 45.5% |
| Netherlands | 31.1 | 14.8 | 17.8 | N/A | -24.3% |
| Others | 8.5 | 10.7 | 18.4 | 8.2 | -1.2% |
| Total | 124 | 82.9 | 141 | 229 | 22.7% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to the UK in 2022:
- Norway (2.8K tons)
- Australia (1.9K tons)
- Finland (1.7K tons)
- Russia (1.1K tons)
- Canada (0.6K tons)
- South Africa (0.3K tons)
- France (0.2K tons)
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This report provides an in-depth analysis of the nickel market in the UK.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in the UK.
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This report provides an in-depth analysis of the nickel market in the UK.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
247
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1018
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
247
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1216
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
868
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1018
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
