Price for Nickel; Wire, Not Alloyed in the UK - 2023

Contents:

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

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

In 2022, the average nickel; wire, not alloyed export price amounted to $31,052 per ton, jumping by 82% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. Over the period under review, the average export prices attained the peak figure at $50,507 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($71,726 per ton), while the average price for exports to Germany ($20,977 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 (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average nickel; wire, not alloyed import price amounted to $35,234 per ton, jumping by 116% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($58,172 per ton), while the price for India ($29,394 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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Wire, Not Alloyed in the UK

In 2022, the amount of nickel; wire, not alloyeds exported from the UK expanded markedly to 45 tons, with an increase of 13% compared with the previous year. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel; wire, not alloyed exports skyrocketed to $1.4M in 2022. Over the period under review, exports, however, showed a abrupt curtailment.

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

1. China (undefined tons)
2. Germany (22.9 tons)
3. United States (16.2 tons)
4. France (2.4 tons)
5. Finland (1.8 tons)

Imports of Nickel; Wire, Not Alloyed in the UK

In 2022, approx. 41 tons of nickel; wire, not alloyeds were imported into the UK; with an increase of 5.2% compared with the year before. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, nickel; wire, not alloyed imports skyrocketed to $1.4M in 2022. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (8.7 tons)
2. Switzerland (7.3 tons)
3. Austria (6.5 tons)
4. France (5.5 tons)
5. India (3.8 tons)
6. United States (2.7 tons)
7. Italy (2.5 tons)
8. Mexico (2.2 tons)
9. China (0.9 tons)

Source: IndexBox Market Intelligence Platform