Price for Nickel; Wire, Not Alloyed in Germany - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Germany (CIF) - 2023
- Price for Nickel; Wire, Not Alloyed in Germany (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in Germany
- Exports of Nickel; Wire, Not Alloyed in Germany
Price for Nickel; Wire, Not Alloyed in Germany (CIF) - 2023
In July 2023, the average nickel; wire, not alloyed import price amounted to $31,616 per ton, which is down by -14.4% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 22% against the previous month. Over the period under review, average import prices hit record highs at $37,392 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($52,173 per ton), while the price for China ($3,231 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in Germany (FOB) - 2022
In 2022, the average nickel; wire, not alloyed export price amounted to $41,645 per ton, jumping by 25% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +35.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. The export price peaked 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 the Czech Republic ($56,665 per ton), while the average price for exports to Croatia ($26,810 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 Switzerland (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, Not Alloyed in Germany
In 2022, purchases abroad of nickel; wire, not alloyeds decreased by -13.1% to 614 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports reached the peak of 707 tons, and then declined in the following year.
In value terms, nickel; wire, not alloyed imports skyrocketed to $19M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 124%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Nickel; Wire, Not Alloyed in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 4.0 | 4.5 | 9.9 | 12.4 | 45.8% |
France | 0.1 | 1.4 | 4.0 | 5.4 | 278.0% |
China | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
Others | 0.5 | 0.8 | 1.1 | 0.8 | 17.0% |
Total | 4.8 | 6.8 | 15.1 | 18.8 | 57.6% |
Top Suppliers of Nickel; Wire, Not Alloyed to Germany in 2022:
- Austria (419.5 tons)
- France (154.4 tons)
- China (20.4 tons)
Exports of Nickel; Wire, Not Alloyed in Germany
In 2022, nickel; wire, not alloyed exports from Germany declined to 350 tons, approximately equating the previous year. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of 352 tons, leveling off in the following year.
In value terms, nickel; wire, not alloyed exports soared to $15M in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Nickel; Wire, Not Alloyed in Germany (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 1,099 | 1,198 | 1,835 | 2,232 | 26.6% |
United States | 1,249 | 947 | 490 | 1,794 | 12.8% |
South Korea | 817 | 753 | 769 | 1,726 | 28.3% |
Italy | 1,105 | 1,372 | 1,766 | 1,722 | 15.9% |
Hong Kong SAR | 76.5 | 13.0 | 738 | 1,178 | 148.8% |
Canada | 161 | 271 | 938 | 959 | 81.3% |
France | 639 | 529 | 699 | 850 | 10.0% |
China | 978 | 258 | 985 | 550 | -17.5% |
Czech Republic | 368 | 363 | 466 | 444 | 6.5% |
United Kingdom | 76.1 | N/A | 273 | 361 | 68.0% |
Japan | 235 | 160 | 193 | 333 | 12.3% |
Thailand | 100 | 62.9 | 370 | 295 | 43.4% |
Croatia | 128 | 256 | 331 | 209 | 17.8% |
Others | 910 | 779 | 1,875 | 1,924 | 28.3% |
Total | 7,940 | 6,961 | 11,727 | 14,578 | 22.5% |
Top Export Markets for Nickel; Wire, Not Alloyed from Germany in 2022:
- South Korea (58.1 tons)
- Italy (48.3 tons)
- United States (45.6 tons)
- Switzerland (40.6 tons)
- Canada (31.0 tons)
- Hong Kong SAR (27.9 tons)
- France (19.6 tons)
- China (12.7 tons)
- United Kingdom (9.1 tons)
- Japan (8.9 tons)
- Czech Republic (7.8 tons)
- Croatia (7.8 tons)
- Thailand (7.4 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Germany.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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