Nickel; Unwrought, Alloys Price in Canada - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Canada (FOB) - 2022
- Nickel; Unwrought, Alloys Price in Canada (CIF) - 2023
- Nickel; Unwrought, Alloys Exports in Canada
- Nickel; Unwrought, Alloys Imports in Canada
Nickel; Unwrought, Alloys Price in Canada (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $20,614 per ton, jumping by 19% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 94% against the previous year. As a result, the export price reached the peak level of $30,970 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($20,611 per ton), while the average price for exports to the United States stood at $19,642 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in Canada (CIF) - 2023
In June 2023, the average nickel; unwrought, alloys import price amounted to $29,287 per ton, growing by 13% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 222% m-o-m. The import price peaked at $30,857 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from South Africa ($35,043 per ton) and Norway ($33,682 per ton), while the price for the United States ($26,348 per ton) and the UK ($33,434 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Africa (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Exports in Canada
After three years of growth, overseas shipments of nickel; unwrought, alloyses decreased by -79.7% to 262 tons in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,837%. As a result, the exports attained the peak of 1.3K tons, and then shrank significantly in the following year.
In value terms, nickel; unwrought, alloys exports fell dramatically to $5.4M in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,012% against the previous year. As a result, the exports attained the peak of $22M, and then dropped dramatically in the following year.
| Export of Nickel; Unwrought, Alloys in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 17.3 | 5.4 | -68.8% |
| South Korea | N/A | N/A | 0.6 | N/A | 0% |
| China | 0.6 | 1.4 | 0.1 | N/A | -59.2% |
| Slovenia | N/A | 0.5 | 1.9 | N/A | 280.0% |
| Taiwan (Chinese) | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.4 | N/A | 100.0% |
| Total | 0.7 | 2.0 | 22.2 | 5.4 | 97.6% |
Top Export Markets for Nickel; Unwrought, Alloys from Canada in 2022:
- Netherlands (260.0 tons)
Nickel; Unwrought, Alloys Imports in Canada
Nickel; unwrought, alloys imports into Canada surged to 333 tons in 2022, picking up by 257% against the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, alloys imports skyrocketed to $6.5M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Alloys in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 2.1 | 1.1 | 3.4 | 78.3% |
| Latvia | N/A | N/A | N/A | 1.4 | 0% |
| United Kingdom | 0.9 | 0.6 | 1.0 | 1.3 | 13.0% |
| Luxembourg | N/A | N/A | N/A | 0.1 | 0% |
| Dominican Republic | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 1.9 | 2.7 | 2.1 | 6.5 | 50.7% |
Top Suppliers of Nickel; Unwrought, Alloys to Canada in 2022:
- Latvia (133.3 tons)
- United States (132.3 tons)
- United Kingdom (38.9 tons)
- Luxembourg (23.2 tons)
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This report provides an in-depth analysis of the nickel market in Canada.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Canada.
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This report provides an in-depth analysis of the nickel market in Canada.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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In December 2022, the nickel price stood at $26.8 per kg (FOB, Canada), picking up by 11% against the previous month.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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In December 2022, the nickel price stood at $26.8 per kg (FOB, Canada), picking up by 11% against the previous month.
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
84
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1189
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
