Price for Nickel; Wire, of Nickel Alloys in Sweden - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Sweden (FOB) - 2023
- Price for Nickel; Wire, of Nickel Alloys in Sweden (CIF) - 2023
- Exports of Nickel; Wire, of Nickel Alloys in Sweden
- Imports of Nickel; Wire, of Nickel Alloys in Sweden
Price for Nickel; Wire, of Nickel Alloys in Sweden (FOB) - 2023
The average export price for nickel; wire, of nickel alloyses stood at $23,011 per ton in July 2023, waning by -13% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 40% month-to-month. The export price peaked at $29,533 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($37,684 per ton), while the average price for exports to China ($21,207 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Sweden (CIF) - 2023
In July 2023, the average import price for nickel; wire, of nickel alloyses amounted to $35,244 per ton, with a decrease of -2.4% against the previous month. Overall, import price indicated notable growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; wire, of nickel alloys import price decreased by -6.3% against May 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 115% against the previous month. The import price peaked at $37,595 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from the Czech Republic ($42,695 per ton) and Germany ($41,365 per ton), while the price for Austria ($31,832 per ton) and Italy ($37,173 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Wire, of Nickel Alloys in Sweden
Nickel; wire, of nickel alloys exports from Sweden contracted to 2.8K tons in 2022, which is down by -7.4% on the previous year. In general, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 3K tons, and then contracted in the following year.
In value terms, nickel; wire, of nickel alloys exports dropped to $50M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $55M, and then declined in the following year.
| Export of Nickel; Wire, of Nickel Alloys in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.0 | 24.9 | 41.6 | 33.7 | 6.4% |
| Mexico | N/A | 3.1 | 2.2 | 2.6 | -8.4% |
| India | 1.6 | 0.8 | 1.5 | 2.3 | 12.9% |
| United Kingdom | 1.5 | 0.7 | 1.0 | 1.9 | 8.2% |
| China | 1.8 | 2.0 | 2.8 | 1.8 | 0.0% |
| South Korea | 1.9 | 2.3 | 1.9 | 1.8 | -1.8% |
| Netherlands | 4.4 | 3.8 | N/A | 1.4 | -31.7% |
| Japan | 0.9 | 0.9 | 0.8 | 0.8 | -3.9% |
| Italy | 3.7 | 1.5 | 0.2 | 0.1 | -70.0% |
| Others | 4.9 | 3.8 | 3.2 | 3.1 | -14.2% |
| Total | 48.8 | 43.8 | 55.3 | 49.5 | 0.5% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Sweden in 2022:
- United States (1818.6 tons)
- Mexico (255.2 tons)
- China (144.4 tons)
- India (104.9 tons)
- South Korea (100.3 tons)
- United Kingdom (97.4 tons)
- Netherlands (77.1 tons)
- Japan (50.9 tons)
- Italy (4.3 tons)
Imports of Nickel; Wire, of Nickel Alloys in Sweden
In 2022, purchases abroad of nickel; wire, of nickel alloyses increased by 1.8% to 468 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn.
In value terms, nickel; wire, of nickel alloys imports reduced slightly to $12M in 2022. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.9% against the previous year.
| Import of Nickel; Wire, of Nickel Alloys in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 6.0 | 5.5 | 6.7 | 9.3 | 15.7% |
| Czech Republic | 4.2 | 3.3 | 2.8 | 1.1 | -36.0% |
| Germany | 2.8 | 1.7 | 1.3 | 0.7 | -37.0% |
| Italy | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| United States | 0.3 | 0.3 | 0.4 | 0.1 | -30.7% |
| South Korea | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.4 | 0.7 | 0.3 | -15.7% |
| Total | 15.0 | 11.2 | 12.1 | 11.6 | -8.2% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Sweden in 2022:
- Austria (386.2 tons)
- Czech Republic (43.5 tons)
- Germany (16.3 tons)
- Italy (14.2 tons)
- United States (4.0 tons)
- South Korea (0.2 tons)
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