Price for Nickel; Wire, Not Alloyed in Serbia - 2023

Contents:

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

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

In 2022, the average nickel; wire, not alloyed import price amounted to $48,802 per ton, picking up by 14% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 130%. As a result, import price reached the peak level of $97,675 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($175,000 per ton), while the price for Austria ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.7%), while the prices for the other major suppliers experienced a decline.

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

The average nickel; wire, not alloyed export price stood at $29,215 per ton in 2022, waning by -9.3% against the previous year. Overall, the export price showed a deep downturn. Over the period under review, the average export prices hit record highs at $139,500 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2013 to 2022, the rate of growth in terms of prices for Romania amounted to +13.3% per year.

Imports of Nickel; Wire, Not Alloyed in Serbia

In 2022, approx. 94 kg of nickel; wire, not alloyeds were imported into Serbia; waning by -53.5% on the year before. Overall, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 206%.

In value terms, nickel; wire, not alloyed imports declined rapidly to $4.4K in 2022. Over the period under review, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year.

Import of Nickel; Wire, Not Alloyed in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.00.62.41.8-36.4%
France1.51.22.71.4-2.3%
Slovenia0.20.51.30.644.2%
United States0.10.40.70.344.2%
Germany0.81.01.30.3-27.9%
Romania0.4N/AN/A0.1-37.0%
Switzerland1.8N/AN/AN/A0%
Hungary0.9N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total12.73.68.54.4-29.8%

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

  1. China (39.0 kg)
  2. France (21.0 kg)
  3. Slovenia (21.0 kg)
  4. Germany (7.0 kg)
  5. Romania (3.0 kg)
  6. United States (2.0 kg)

Exports of Nickel; Wire, Not Alloyed in Serbia

After two years of decline, shipments abroad of nickel; wire, not alloyeds decreased by -61.3% to 12 kg in 2022. Over the period under review, exports recorded a dramatic descent.

In value terms, nickel; wire, not alloyed exports contracted significantly to $340 in 2022. In general, exports continue to indicate a abrupt contraction.

Export of Nickel; Wire, Not Alloyed in Serbia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and HerzegovinaN/AN/AN/A3400%
Romania627N/A998N/A26.2%
OthersN/AN/AN/AN/A0%
Total627N/A998340-18.5%

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

  1. Bosnia and Herzegovina (12.0 kg)

Source: IndexBox Market Intelligence Platform

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