Nickel; Unwrought, Alloys Price in Panama - 2022
Contents:
- Nickel; Unwrought, Alloys Price in Panama (FOB) - 2022
- Nickel; Unwrought, Alloys Price in Panama (CIF) - 2022
- Nickel; Unwrought, Alloys Exports in Panama
- Nickel; Unwrought, Alloys Imports in Panama
Nickel; Unwrought, Alloys Price in Panama (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $5,741 per ton, reducing by -13.4% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 an increase of 43%. As a result, the export price attained the peak level of $15,773 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Venezuela.
From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to -2.9% per year.
Nickel; Unwrought, Alloys Price in Panama (CIF) - 2022
The average nickel; unwrought, alloys import price stood at $36,600 per ton in 2022, with an increase of 4.6% against the previous year. In general, the import price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of 170% against the previous year. As a result, import price reached the peak level of $64,250 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($443,000 per ton), while the price for Mexico ($21,786 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Nickel; Unwrought, Alloys Exports in Panama
In 2022, nickel; unwrought, alloys exports from Panama surged to 2.4 tons, growing by 20% on the previous year's figure. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% 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 +72.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 20%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, nickel; unwrought, alloys exports expanded slightly to $13K in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Alloys in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 12.0 | 12.5 | 13.0 | 13.5 | 4.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.0 | 12.5 | 13.0 | 13.5 | 4.0% |
Top Export Markets for Nickel; Unwrought, Alloys from Panama in 2022:
- Venezuela (2.4 tons)
Nickel; Unwrought, Alloys Imports in Panama
In 2022, purchases abroad of nickel; unwrought, alloyses increased by 329% to 30 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep setback.
In value terms, nickel; unwrought, alloys imports surged to $1.1K in 2022. In general, imports, however, continue to indicate a abrupt decrease.
| Import of Nickel; Unwrought, Alloys in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,035 | 529 | 132 | 610 | -16.2% |
| United States | 835 | 411 | 100 | 443 | -19.0% |
| Germany | 172 | 67.0 | 13.0 | 45.0 | -36.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,042 | 1,007 | 245 | 1,098 | -18.7% |
Top Suppliers of Nickel; Unwrought, Alloys to Panama in 2022:
- Mexico (28.0 kg)
- United States (1.0 kg)
- Germany (1.0 kg)
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This report provides an in-depth analysis of the nickel market in Panama.
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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 Panama.
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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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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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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...
997
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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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.
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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.
1184
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...
814
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...
997
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%
