Price for Nickel; Wire, of Nickel Alloys in Latvia - 2024
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Latvia (FOB) - 2022
- Price for Nickel; Wire, of Nickel Alloys in Latvia (CIF) - 2022
- Exports of Nickel; Wire, of Nickel Alloys in Latvia
- Imports of Nickel; Wire, of Nickel Alloys in Latvia
Price for Nickel; Wire, of Nickel Alloys in Latvia (FOB) - 2022
The average export price for nickel; wire, of nickel alloyses stood at $27,597 per ton in 2022, increasing by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 35% against the previous year. The export price peaked at $45,444 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($39,170 per ton), while the average price for exports to Germany ($25,057 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 Egypt (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Latvia (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $25,732 per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $71,881 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -10.6% per year.
Exports of Nickel; Wire, of Nickel Alloys in Latvia
In 2022, exports of nickel; wire, of nickel alloyses from Latvia shrank to 85 tons, dropping by -12.1% on the previous year. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.
In value terms, nickel; wire, of nickel alloys exports stood at $2.3M in 2022. The total export value increased at an average annual rate of +5.5% 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 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Nickel; Wire, of Nickel Alloys in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 856 | 756 | 752 | 1,027 | 6.3% |
| Turkey | 571 | 392 | 638 | 293 | -19.9% |
| Italy | 62.2 | 131 | 136 | 288 | 66.7% |
| South Korea | N/A | N/A | N/A | 252 | 0% |
| Netherlands | 29.7 | 65.1 | 62.9 | 159 | 74.9% |
| Egypt | N/A | 57.1 | N/A | 86.2 | 22.9% |
| France | 90.6 | 35.8 | 55.2 | 79.9 | -4.1% |
| Spain | 47.5 | 38.5 | 102 | 52.6 | 3.5% |
| Denmark | 161 | 125 | N/A | N/A | -22.4% |
| Czech Republic | 47.3 | 34.1 | 294 | N/A | 149.3% |
| Others | 124 | 62.7 | 16.0 | 99.9 | -7.0% |
| Total | 1,989 | 1,696 | 2,056 | 2,338 | 5.5% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Latvia in 2022:
- Germany (41.0 tons)
- Turkey (10.4 tons)
- Italy (9.7 tons)
- South Korea (8.3 tons)
- Netherlands (5.0 tons)
- France (3.0 tons)
- Egypt (2.2 tons)
- Spain (1.8 tons)
Imports of Nickel; Wire, of Nickel Alloys in Latvia
In 2022, the amount of nickel; wire, of nickel alloyses imported into Latvia stood at 78 tons, with an increase of 2.3% compared with the previous year's figure. Over the period under review, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year.
In value terms, nickel; wire, of nickel alloys imports skyrocketed to $2M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Nickel; Wire, of Nickel Alloys in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.7 | 1.3 | 1.7 | 2.0 | 5.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.8 | 1.4 | 1.7 | 2.0 | 3.6% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Latvia in 2022:
- Russia (78.2 tons)
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