Price for Nickel; Wire, Not Alloyed in Venezuela - 2022

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

In 2022, the average nickel; wire, not alloyed import price amounted to $22,408 per ton, shrinking by -7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 34% against the previous year. The import price peaked at $39,117 per ton in 2017; however, from 2018 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 United States ($23,064 per ton), while the price for India amounted to $2,818 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.4%).

Imports of Nickel; Wire, Not Alloyed in Venezuela

For the fourth consecutive year, Venezuela recorded growth in purchases abroad of nickel; wire, not alloyeds, which increased by 0.6% to 679 kg in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 0.6% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nickel; wire, not alloyed imports dropped to $15K in 2022. Over the period under review, imports, however, saw a abrupt downturn.