Price for Nickel; Wire, of Nickel Alloys in Italy - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Italy (CIF) - 2023
- Price for Nickel; Wire, of Nickel Alloys in Italy (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Italy
- Exports of Nickel; Wire, of Nickel Alloys in Italy
Price for Nickel; Wire, of Nickel Alloys in Italy (CIF) - 2023
In July 2023, the average import price for nickel; wire, of nickel alloyses amounted to $41,312 per ton, with an increase of 3.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 20% against the previous month. As a result, import price attained the peak level of $46,746 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Switzerland ($47,100 per ton), while the price for China ($24,237 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Italy (FOB) - 2022
In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $20,410 per ton, declining by -9.4% against the previous year. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34%. The export price peaked at $34,853 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($34,570 per ton), while the average price for exports to Switzerland ($13,637 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 Romania (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in Italy
In 2022, nickel; wire, of nickel alloys imports into Italy declined to 1.9K tons, with a decrease of -1.6% against 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 2.5% against the previous year.
In value terms, nickel; wire, of nickel alloys imports dropped to $53M in 2022. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 7% against the previous year.
| Import of Nickel; Wire, of Nickel Alloys in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.7 | 20.0 | 15.2 | 15.9 | -6.9% |
| France | 19.4 | 11.2 | 16.9 | 14.9 | -8.4% |
| Switzerland | 4.6 | 10.2 | 13.1 | 11.6 | 36.1% |
| Brazil | 2.0 | 2.0 | 3.0 | 2.6 | 9.1% |
| United Kingdom | 2.4 | 3.0 | 1.1 | 1.9 | -7.5% |
| Sweden | 3.6 | 1.5 | 0.3 | 1.5 | -25.3% |
| China | 0.8 | 0.6 | 1.0 | 0.9 | 4.0% |
| Netherlands | 0.9 | 0.6 | 0.7 | 0.7 | -8.0% |
| Others | 4.7 | 2.5 | 3.9 | 3.4 | -10.2% |
| Total | 58.0 | 51.6 | 55.2 | 53.4 | -2.7% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Italy in 2022:
- Germany (628.1 tons)
- France (549.4 tons)
- Switzerland (367.0 tons)
- Brazil (104.7 tons)
- China (67.0 tons)
- Sweden (65.1 tons)
- United Kingdom (39.0 tons)
- Netherlands (37.1 tons)
Exports of Nickel; Wire, of Nickel Alloys in Italy
In 2022, overseas shipments of nickel; wire, of nickel alloyses increased by 31% to 686 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic curtailment.
In value terms, nickel; wire, of nickel alloys exports soared to $14M in 2022. In general, exports, however, continue to indicate a dramatic decline.
| Export of Nickel; Wire, of Nickel Alloys in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 14.6 | 3.8 | 0.3 | 3.2 | -39.7% |
| United States | 3.7 | 2.7 | 2.2 | 1.8 | -21.4% |
| Germany | 2.2 | 1.2 | 2.0 | 1.6 | -10.1% |
| France | 2.4 | 1.3 | 1.4 | 1.1 | -22.9% |
| Indonesia | 4.5 | 0.7 | 0.5 | 1.0 | -39.4% |
| Poland | 3.8 | 0.4 | 0.6 | 0.8 | -40.5% |
| Portugal | N/A | N/A | 0.9 | 0.7 | -22.2% |
| United Kingdom | 1.8 | 1.3 | 0.3 | 0.7 | -27.0% |
| Denmark | 0.4 | 0.6 | 0.5 | 0.4 | 0.0% |
| China | 0.4 | 0.2 | 0.5 | 0.4 | 0.0% |
| Netherlands | 1.8 | 0.1 | 0.1 | 0.3 | -45.0% |
| Romania | 0.8 | N/A | 0.3 | 0.2 | -37.0% |
| Others | 6.8 | 3.7 | 2.3 | 1.8 | -35.8% |
| Total | 43.1 | 16.2 | 11.8 | 14.0 | -31.3% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Italy in 2022:
- Switzerland (233.9 tons)
- United States (112.6 tons)
- Germany (63.8 tons)
- France (48.9 tons)
- Indonesia (34.6 tons)
- United Kingdom (30.4 tons)
- Poland (27.9 tons)
- Portugal (20.8 tons)
- China (16.0 tons)
- Denmark (13.0 tons)
- Romania (11.0 tons)
- Netherlands (10.6 tons)
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