Price for Nickel; Wire, of Nickel Alloys in Canada - 2023

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in Canada (CIF) - 2022
2. Price for Nickel; Wire, of Nickel Alloys in Canada (FOB) - 2023
3. Imports of Nickel; Wire, of Nickel Alloys in Canada
4. Exports of Nickel; Wire, of Nickel Alloys in Canada

Price for Nickel; Wire, of Nickel Alloys in Canada (CIF) - 2022

The average import price for nickel; wire, of nickel alloyses stood at $25,954 per ton in 2022, shrinking by -9.6% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure at $36,139 per ton in 2012; however, from 2013 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 ($32,895 per ton), while the price for Sweden ($11,318 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.0%), while the prices for the other major suppliers experienced a decline.

Price for Nickel; Wire, of Nickel Alloys in Canada (FOB) - 2023

In June 2023, the average export price for nickel; wire, of nickel alloyses amounted to $47,518 per ton, increasing by 6.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices reached the peak figure at $47,991 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.1% per month.

Imports of Nickel; Wire, of Nickel Alloys in Canada

Nickel; wire, of nickel alloys imports into Canada rose modestly to 428 tons in 2022, growing by 2.2% on 2021 figures. In general, imports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 22%.

In value terms, nickel; wire, of nickel alloys imports dropped to $11M in 2022. Over the period under review, imports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year.

Top Suppliers of Nickel; Wire, of Nickel Alloys to Canada in 2022:

1. United States (128.9 tons)
2. Germany (77.1 tons)
3. France (75.5 tons)
4. Sweden (71.3 tons)
5. China (58.2 tons)

Exports of Nickel; Wire, of Nickel Alloys in Canada

Nickel; wire, of nickel alloys exports from Canada contracted dramatically to 84 tons in 2022, waning by -15.6% against 2021 figures. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year.

In value terms, nickel; wire, of nickel alloys exports dropped notably to $2.9M in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year.

Top Export Markets for Nickel; Wire, of Nickel Alloys from Canada in 2022:

1. United States (70.2 tons)
2. India (9.7 tons)
3. United Kingdom (1.6 tons)

Source: IndexBox Market Intelligence Platform