Price for Nickel; Wire, Not Alloyed in Turkey - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Turkey (CIF) - 2022
- Price for Nickel; Wire, Not Alloyed in Turkey (FOB) - 2023
- Imports of Nickel; Wire, Not Alloyed in Turkey
- Exports of Nickel; Wire, Not Alloyed in Turkey
Price for Nickel; Wire, Not Alloyed in Turkey (CIF) - 2022
The average nickel; wire, not alloyed import price stood at $35,127 per ton in 2022, growing by 12% against the previous year. Overall, the import price saw mild growth. The most prominent rate of growth was recorded in 2021 an increase of 47%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain 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 Germany ($58,479 per ton), while the price for India ($33,063 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in Turkey (FOB) - 2023
In January 2023, the average nickel; wire, not alloyed export price amounted to $33,145 per ton, jumping by 66% against the previous month. Overall, export price indicated a significant expansion from December 2022 to January 2023: its price increased at an average monthly rate of +65.7% over the last one-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, nickel; wire, not alloyed export price increased by +65.7% against December 2022 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Azerbaijan.
From December 2022 to January 2023, the rate of growth in terms of prices for Azerbaijan amounted to 0.0% per month.
Imports of Nickel; Wire, Not Alloyed in Turkey
In 2022, the amount of nickel; wire, not alloyeds imported into Turkey soared to 32 tons, jumping by 384% on 2021 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,427%. As a result, imports attained the peak of 79 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, nickel; wire, not alloyed imports soared to $1.1M in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,163%. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Nickel; Wire, Not Alloyed in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 18.0 | 255 | 12.2 | 873 | 264.7% |
| France | 29.0 | 327 | 36.5 | 151 | 73.3% |
| China | 14.4 | 380 | 14.5 | 49.5 | 50.9% |
| Germany | 28.5 | 304 | 11.8 | 42.2 | 14.0% |
| Sweden | 22.2 | 227 | 17.0 | N/A | -12.5% |
| Austria | 11.4 | 106 | 7.8 | N/A | -17.3% |
| Others | 10.2 | 91.2 | 109 | 10.6 | 1.3% |
| Total | 134 | 1,690 | 208 | 1,125 | 103.2% |
Top Suppliers of Nickel; Wire, Not Alloyed to Turkey in 2022:
- India (26.4 tons)
- France (3.8 tons)
- China (1.1 tons)
- Germany (0.7 tons)
Exports of Nickel; Wire, Not Alloyed in Turkey
For the third year in a row, Turkey recorded decline in overseas shipments of nickel; wire, not alloyeds, which decreased by -97.2% to 5 kg in 2022. Overall, exports saw a sharp reduction. The smallest decline of -12.2% was in 2021.
In value terms, nickel; wire, not alloyed exports declined remarkably to $100 in 2022. In general, exports saw a dramatic contraction. The smallest decline of -9.7% was in 2021.
| Export of Nickel; Wire, Not Alloyed in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 0.1 | 0% |
| Iran | 1.5 | 1.3 | 1.2 | N/A | -10.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.3 | 1.2 | 0.1 | -59.5% |
Top Export Markets for Nickel; Wire, Not Alloyed from Turkey in 2022:
- Russia (5.0 kg)
419
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Turkey.
620
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.
1576
In value terms, nickel powders and flakes imports amounted to $X in 2016. In general, nickel powders and flakes imports continue to indicate a drastic shrinkage. Global nickel powders and flakes im...
1687
In value terms, nickel bars, rods, profiles and wire imports totaled $X in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...
893
In value terms, nickel powders and flakes exports amounted to $X in 2016. Overall, nickel powders and flakes exports continue to indicate a drastic curtailment. Over the period under review, global...
642
In value terms, nickel bars, rods, profiles and wire exports amounted to $X in 2016. In general, nickel bars, rods, profiles and wire exports continue to indicate a deep decrease. Over the period u...
