Price for Nickel; Bars, Rods, Profiles and Wire in the UK - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in the UK (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in the UK (FOB) - 2024
- Imports of Nickel; Bars, Rods, Profiles and Wire in the UK
- Exports of Nickel; Bars, Rods, Profiles and Wire in the UK
Price for Nickel; Bars, Rods, Profiles and Wire in the UK (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $27,436 per ton, with an increase of 5.4% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $37,688 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($73,707 per ton), while the price for Sweden ($22,108 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Bars, Rods, Profiles and Wire in the UK (FOB) - 2024
In August 2023, the average export price for nickel; bars, rods, profiles and wires amounted to $55,407 per ton, shrinking by -3.5% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 5.9% against the previous month. As a result, the export price attained the peak level of $57,476 per ton. From June 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($79,627 per ton), while the average price for exports to Mexico ($34,397 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in the UK
In 2022, overseas purchases of nickel; bars, rods, profiles and wires were finally on the rise to reach 10K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods, profiles and wires soared to $275M in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.8 | 44.1 | 44.3 | 76.3 | 17.7% |
| United States | 65.1 | 44.7 | 24.7 | 67.4 | 1.2% |
| Austria | 28.1 | 30.3 | 32.2 | 43.1 | 15.3% |
| Italy | 51.7 | 32.1 | 26.6 | 37.9 | -9.8% |
| Sweden | 2.0 | 2.2 | 2.6 | 10.9 | 76.0% |
| France | 10.2 | 7.1 | 6.9 | 10.4 | 0.6% |
| Australia | 2.0 | 1.7 | 2.6 | 5.8 | 42.6% |
| Belgium | 18.5 | 13.3 | 6.1 | 0.5 | -70.0% |
| Others | 14.7 | 18.2 | 11.3 | 22.3 | 14.9% |
| Total | 239 | 194 | 157 | 275 | 4.8% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to the UK in 2022:
- Germany (3.4K tons)
- United States (1.8K tons)
- Austria (1.5K tons)
- Italy (1.3K tons)
- Sweden (0.5K tons)
- France (0.4K tons)
- Australia (0.2K tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in the UK
In 2022, overseas shipments of nickel; bars, rods, profiles and wires increased by 47% to 6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage.
In value terms, exports of nickel; bars, rods, profiles and wires soared to $266M in 2022. In general, exports, however, showed a relatively flat trend pattern.
| Export of Nickel; Bars, Rods, Profiles and Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.6 | 38.5 | 22.8 | 43.9 | -5.8% |
| France | 29.1 | 21.4 | 13.8 | 37.8 | 9.1% |
| China | 21.6 | 11.8 | 12.5 | 23.3 | 2.6% |
| Italy | 25.7 | 19.6 | 16.5 | 22.6 | -4.2% |
| Austria | 7.6 | 6.5 | 3.7 | 17.3 | 31.5% |
| India | 14.4 | 6.7 | 6.4 | 13.8 | -1.4% |
| Singapore | 8.3 | 6.7 | 10.0 | 13.3 | 17.0% |
| Germany | 11.7 | 8.0 | 8.0 | 10.0 | -5.1% |
| Romania | 7.7 | 13.1 | 8.0 | 9.2 | 6.1% |
| United Arab Emirates | 2.8 | 6.5 | 6.6 | 7.7 | 40.1% |
| Czech Republic | 4.1 | 7.2 | 2.2 | 6.5 | 16.6% |
| Norway | 6.6 | 5.3 | 3.4 | 6.3 | -1.5% |
| Mexico | 4.2 | 3.3 | 4.4 | 6.0 | 12.6% |
| Others | 73.4 | 31.6 | 40.4 | 48.1 | -13.1% |
| Total | 270 | 186 | 159 | 266 | -0.5% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from the UK in 2022:
- United States (1010.6 tons)
- France (805.1 tons)
- China (671.7 tons)
- Italy (548.9 tons)
- Singapore (359.9 tons)
- India (316.2 tons)
- Austria (255.0 tons)
- Germany (228.3 tons)
- United Arab Emirates (191.2 tons)
- Romania (189.3 tons)
- Mexico (159.8 tons)
- Norway (136.0 tons)
- Czech Republic (132.9 tons)
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