Price for Nickel; Wire, of Nickel Alloys in Brazil - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Brazil (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in Brazil (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Brazil
- Exports of Nickel; Wire, of Nickel Alloys in Brazil
Price for Nickel; Wire, of Nickel Alloys in Brazil (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $42,955 per ton in 2022, jumping by 28% against the previous year. In general, 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 ($78,583 per ton), while the price for Sweden ($11,979 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Brazil (FOB) - 2022
The average export price for nickel; wire, of nickel alloyses stood at $32,760 per ton in 2022, with an increase of 63% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 the United States ($55,691 per ton), while the average price for exports to India ($24,912 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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in Brazil
Nickel; wire, of nickel alloys imports into Brazil amounted to 379 tons in 2022, growing by 12% compared with the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 +49.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nickel; wire, of nickel alloys imports surged to $16M in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel; Wire, of Nickel Alloys in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.2 | 1.3 | 1.9 | 3.5 | 16.7% |
Germany | 2.0 | 2.0 | 2.3 | 3.3 | 18.2% |
China | 0.8 | 0.7 | 1.3 | 3.1 | 57.1% |
Japan | 1.2 | 1.2 | 1.9 | 1.6 | 10.1% |
Italy | N/A | N/A | N/A | 1.3 | 0% |
France | 1.0 | 2.1 | 2.2 | 1.3 | 9.1% |
India | 0.3 | 0.2 | 1.0 | 0.9 | 44.2% |
Sweden | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
Czech Republic | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
Others | 0.5 | 0.2 | 0.3 | 0.7 | 11.9% |
Total | 8.6 | 8.1 | 11.3 | 16.3 | 23.8% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Brazil in 2022:
- Germany (73.4 tons)
- China (66.9 tons)
- United States (44.4 tons)
- France (44.1 tons)
- Japan (38.5 tons)
- Sweden (33.3 tons)
- India (32.6 tons)
- Italy (32.0 tons)
- Czech Republic (4.3 tons)
Exports of Nickel; Wire, of Nickel Alloys in Brazil
In 2022, shipments abroad of nickel; wire, of nickel alloyses decreased by -71.5% to 20 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, the exports reached the peak of 134 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, nickel; wire, of nickel alloys exports contracted dramatically to $649K in 2022. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, the exports attained the peak of $3.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Nickel; Wire, of Nickel Alloys in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 51.1 | 970 | 721 | 242 | 67.9% |
Netherlands | 283 | N/A | 177 | 181 | -13.8% |
Argentina | 169 | 7.4 | 31.6 | 98.6 | -16.4% |
United States | 23.6 | 126 | 113 | 44.3 | 23.4% |
Paraguay | 4.6 | 30.1 | 12.0 | 35.3 | 97.2% |
South Korea | 473 | N/A | 266 | N/A | -25.0% |
Italy | 888 | 1,931 | N/A | N/A | 117.5% |
Others | 169 | 126 | 73.9 | 47.6 | -34.4% |
Total | 2,063 | 3,191 | 1,395 | 649 | -32.0% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Brazil in 2022:
- India (9.7 tons)
- Netherlands (4.8 tons)
- Argentina (3.3 tons)
- United States (0.8 tons)
- Paraguay (0.7 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Brazil.
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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