Price for Nickel; Wire, of Nickel Alloys in China - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in China (CIF) - 2023
- Price for Nickel; Wire, of Nickel Alloys in China (FOB) - 2023
- Imports of Nickel; Wire, of Nickel Alloys in China
- Exports of Nickel; Wire, of Nickel Alloys in China
Price for Nickel; Wire, of Nickel Alloys in China (CIF) - 2023
The average import price for nickel; wire, of nickel alloyses stood at $79,537 per ton in June 2023, jumping by 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($128K per ton), while the price for Sweden ($21,871 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in China (FOB) - 2023
The average export price for nickel; wire, of nickel alloyses stood at $34,893 per ton in June 2023, rising by 6.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% m-o-m. The export price peaked at $35,356 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Turkey ($51,828 per ton), while the average price for exports to Egypt ($10,236 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in China
In 2022, after three years of growth, there was significant decline in supplies from abroad of nickel; wire, of nickel alloyses, when their volume decreased by -9.1% to 3.2K tons. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 3.5K tons, and then contracted in the following year.
In value terms, nickel; wire, of nickel alloys imports fell to $104M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of $113M, and then reduced in the following year.
| Import of Nickel; Wire, of Nickel Alloys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 13.2 | 34.3 | 34.9 | 30.2% |
| Czech Republic | 1.8 | 1.9 | 3.7 | 20.0 | 123.1% |
| Germany | 38.1 | 34.7 | 32.6 | 19.4 | -20.1% |
| Switzerland | 16.0 | 31.5 | 23.4 | 4.9 | -32.6% |
| France | 5.5 | 2.2 | 3.4 | 4.8 | -4.4% |
| Sweden | 3.1 | 2.3 | 3.8 | 4.4 | 12.4% |
| Japan | 2.1 | 1.9 | 3.3 | 3.8 | 21.9% |
| Italy | 6.9 | 2.4 | 1.3 | 3.1 | -23.4% |
| Others | 6.5 | 3.7 | 7.7 | 8.2 | 8.1% |
| Total | 95.6 | 93.9 | 113 | 104 | 2.8% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to China in 2022:
- Czech Republic (811.6 tons)
- Germany (713.0 tons)
- United States (533.6 tons)
- France (306.8 tons)
- Sweden (264.5 tons)
- Switzerland (209.3 tons)
- Japan (98.9 tons)
- Italy (73.8 tons)
Exports of Nickel; Wire, of Nickel Alloys in China
In 2022, the amount of nickel; wire, of nickel alloyses exported from China shrank to 907 tons, falling by -8.1% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of 987 tons, and then reduced in the following year.
In value terms, nickel; wire, of nickel alloys exports dropped to $21M in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $24M, and then dropped in the following year.
| Export of Nickel; Wire, of Nickel Alloys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 1.9 | 2.6 | 2.8 | -10.5% |
| India | 2.7 | 1.7 | 3.4 | 2.3 | -5.2% |
| Canada | 2.1 | 1.1 | 0.9 | 2.0 | -1.6% |
| Russia | 0.5 | 1.7 | 1.3 | 2.0 | 58.7% |
| Brazil | 1.5 | 1.5 | 1.9 | 1.8 | 6.3% |
| Italy | 0.6 | 0.5 | 1.2 | 1.3 | 29.4% |
| South Korea | 0.9 | 2.1 | 1.7 | 1.2 | 10.1% |
| Taiwan (Chinese) | 1.2 | 1.5 | 2.1 | 0.8 | -12.6% |
| Singapore | 0.2 | 0.1 | 0.2 | 0.8 | 58.7% |
| Germany | 0.7 | 0.5 | 1.2 | 0.7 | 0.0% |
| Hong Kong SAR | 0.8 | 0.5 | 0.8 | 0.7 | -4.4% |
| Indonesia | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Thailand | 0.3 | 0.4 | 0.9 | 0.5 | 18.6% |
| Others | 4.7 | 4.5 | 5.6 | 3.9 | -6.0% |
| Total | 20.7 | 18.3 | 24.4 | 21.3 | 1.0% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from China in 2022:
- United States (116.0 tons)
- Russia (96.5 tons)
- India (92.7 tons)
- Italy (81.9 tons)
- Canada (77.5 tons)
- Hong Kong SAR (55.0 tons)
- South Korea (46.0 tons)
- Brazil (43.8 tons)
- Taiwan (Chinese) (37.3 tons)
- Singapore (28.2 tons)
- Germany (26.1 tons)
- Indonesia (22.1 tons)
- Thailand (19.2 tons)
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