Ferro-Alloys; Ferro-Nickel Price in the UK - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in the UK (CIF) - 2023
- Ferro-Alloys; Ferro-Nickel Price in the UK (FOB) - 2022
- Ferro-Alloys; Ferro-Nickel Imports in the UK
- Ferro-Alloys; Ferro-Nickel Exports in the UK
Ferro-Alloys; Ferro-Nickel Price in the UK (CIF) - 2023
In June 2023, the average ferro-alloys; ferro-nickel import price amounted to $4,864 per ton, waning by -20.7% against the previous month. Over the period under review, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in October 2022 an increase of 81% against the previous month. As a result, import price reached the peak level of $7,461 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($10,118 per ton), while the price for Germany ($2,676 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 France (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Ferro-Alloys; Ferro-Nickel Price in the UK (FOB) - 2022
The average ferro-alloys; ferro-nickel export price stood at $1,586 per ton in 2022, reducing by -15.6% against the previous year. Overall, the export price, however, recorded modest growth. The pace of growth appeared the most rapid in 2015 an increase of 900% against the previous year. The export price peaked at $12,474 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($62,186 per ton), while the average price for exports to Germany ($1,033 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 Sweden (+364.7%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Nickel Imports in the UK
In 2022, approx. 13K tons of ferro-alloys; ferro-nickels were imported into the UK; picking up by 59% compared with the previous year's figure. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-nickel imports skyrocketed to $84M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Nickel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 3.4 | 5.6 | 38.1 | 234.8% |
| Colombia | N/A | N/A | 0.6 | 15.6 | 2500.0% |
| North Macedonia | N/A | 3.6 | N/A | 9.8 | 65.0% |
| Germany | N/A | 0.4 | 0.5 | 8.0 | 347.2% |
| Greece | 1.3 | N/A | N/A | 5.0 | 56.7% |
| Ukraine | 12.2 | 2.0 | 4.4 | 4.6 | -27.8% |
| Netherlands | 1.1 | 2.7 | 3.0 | 0.8 | -10.1% |
| Albania | N/A | 4.2 | N/A | N/A | 0% |
| Others | 1.6 | 2.2 | 3.2 | 2.0 | 7.7% |
| Total | 16.2 | 18.5 | 17.3 | 83.8 | 72.9% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to the UK in 2022:
- Brazil (6.8K tons)
- Colombia (1.9K tons)
- North Macedonia (1.6K tons)
- Germany (1.5K tons)
- Ukraine (1.1K tons)
- Netherlands (0.3K tons)
- Greece (0.1K tons)
Ferro-Alloys; Ferro-Nickel Exports in the UK
In 2022, overseas shipments of ferro-alloys; ferro-nickels decreased by -54.1% to 227 tons, falling for the second consecutive year after two years of growth. In general, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 5.4%. As a result, the exports reached the peak of 508 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ferro-alloys; ferro-nickel exports reduced remarkably to $360K in 2022. Over the period under review, exports recorded a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $984K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Ferro-Alloys; Ferro-Nickel in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.2 | N/A | 71.8 | 175 | 856.5% |
| France | N/A | N/A | N/A | 47.7 | 0% |
| Austria | N/A | N/A | N/A | 45.2 | 0% |
| Switzerland | N/A | N/A | N/A | 21.8 | 0% |
| Netherlands | 655 | 624 | 24.9 | 6.5 | -78.5% |
| Angola | N/A | 290 | 324 | N/A | 11.7% |
| Others | 220 | 69.5 | 508 | 64.1 | -33.7% |
| Total | 875 | 984 | 929 | 360 | -25.6% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from the UK in 2022:
- Germany (169.0 tons)
- France (32.3 tons)
- Switzerland (10.9 tons)
- Austria (8.6 tons)
- Netherlands (3.3 tons)
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