Price for Nickel; Wire, Not Alloyed in Costa Rica - 2022

Contents:

  1. Price for Nickel; Wire, Not Alloyed in Costa Rica (FOB) - 2022
  2. Price for Nickel; Wire, Not Alloyed in Costa Rica (CIF) - 2022
  3. Exports of Nickel; Wire, Not Alloyed in Costa Rica
  4. Imports of Nickel; Wire, Not Alloyed in Costa Rica

Price for Nickel; Wire, Not Alloyed in Costa Rica (FOB) - 2022

In 2022, the average nickel; wire, not alloyed export price amounted to $6,266 per ton, increasing by 8.7% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; wire, not alloyed export price increased by +19.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 26%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.8% per year.

Price for Nickel; Wire, Not Alloyed in Costa Rica (CIF) - 2022

The average nickel; wire, not alloyed import price stood at $43,997 per ton in 2022, with a decrease of -14.2% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $54,354 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($147,485 per ton), while the price for Germany ($5,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+244.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Wire, Not Alloyed in Costa Rica

In 2022, overseas shipments of nickel; wire, not alloyeds were finally on the rise to reach 36 tons after two years of decline. Over the period under review, exports, however, saw a dramatic shrinkage.

In value terms, nickel; wire, not alloyed exports soared to $223K in 2022. Overall, exports, however, showed a significant curtailment.

Export of Nickel; Wire, Not Alloyed in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States93330637.0223-37.9%
OthersN/A1.7N/AN/A0%
Total93330737.0223-37.9%

Top Export Markets for Nickel; Wire, Not Alloyed from Costa Rica in 2022:

  1. United States (35.6 tons)

Imports of Nickel; Wire, Not Alloyed in Costa Rica

In 2022, purchases abroad of nickel; wire, not alloyeds decreased by -87% to 509 kg, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. As a result, imports reached the peak of 8.5 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nickel; wire, not alloyed imports declined sharply to $40K in 2022. In general, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of $279K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Nickel; Wire, Not Alloyed in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A57.762.129.2-28.9%
United States23222213510.9-63.9%
ChinaN/AN/A4.3N/A0%
Others1.00.1N/AN/A-90.0%
Total23327920240.2-44.3%

Top Suppliers of Nickel; Wire, Not Alloyed to Costa Rica in 2022:

  1. United States (307.0 kg)
  2. Netherlands (198.0 kg)

Source: IndexBox Market Intelligence Platform

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