Price for Nickel; Wire, of Nickel Alloys in Mexico - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Mexico (CIF) - 2023
- Price for Nickel; Wire, of Nickel Alloys in Mexico (FOB) - 2023
- Imports of Nickel; Wire, of Nickel Alloys in Mexico
- Exports of Nickel; Wire, of Nickel Alloys in Mexico
Price for Nickel; Wire, of Nickel Alloys in Mexico (CIF) - 2023
In June 2023, the average import price for nickel; wire, of nickel alloyses amounted to $96,086 per ton, rising by 32% against the previous month. Over the period under review, the import price recorded strong growth. The most prominent rate of growth was recorded in August 2022 an increase of 118% against the previous month. The import price peaked in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($118K per ton), while the price for China ($10,213 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 the United States (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Mexico (FOB) - 2023
In June 2023, the average export price for nickel; wire, of nickel alloyses amounted to $135K per ton, jumping by 29% against the previous month. Overall, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 270% against the previous month. As a result, the export price reached the peak level of $240K per ton. From November 2022 to June 2023, the the average export prices failed to regain momentum.
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 -3.3% per month.
Imports of Nickel; Wire, of Nickel Alloys in Mexico
In 2022, overseas purchases of nickel; wire, of nickel alloyses decreased by -11.3% to 2.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports reached the peak of 2.5K tons, and then fell in the following year.
In value terms, nickel; wire, of nickel alloys imports contracted to $52M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $57M, and then fell in the following year.
| Import of Nickel; Wire, of Nickel Alloys in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 16.5 | 22.1 | 19.8 | 20.9% |
| Sweden | 19.5 | 19.4 | 20.9 | 18.7 | -1.4% |
| France | 0.7 | 2.8 | 3.8 | 3.4 | 69.4% |
| Germany | 3.8 | 2.7 | 3.6 | 3.3 | -4.6% |
| India | 1.0 | 1.2 | 2.4 | 2.2 | 30.1% |
| China | 1.2 | 0.8 | 0.3 | 0.7 | -16.4% |
| Others | 2.9 | 3.3 | 3.6 | 3.8 | 9.4% |
| Total | 40.3 | 46.7 | 56.8 | 51.8 | 8.7% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Mexico in 2022:
- Sweden (1147.7 tons)
- United States (680.7 tons)
- France (125.4 tons)
- Germany (105.8 tons)
- India (71.5 tons)
- China (43.2 tons)
Exports of Nickel; Wire, of Nickel Alloys in Mexico
After three years of growth, shipments abroad of nickel; wire, of nickel alloyses decreased by -3.2% to 231 tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%.
In value terms, nickel; wire, of nickel alloys exports declined modestly to $6.7M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 52%.
| Export of Nickel; Wire, of Nickel Alloys in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 6.6 | 6.7 | 6.7 | 15.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.3 | 6.6 | 6.7 | 6.7 | 15.9% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Mexico in 2022:
- United States (231.4 tons)
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