Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Canada - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Canada (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Canada (FOB) - 2024
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Canada
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Canada
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Canada (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $35,538 per ton, picking up by 13% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 47%. Over the period under review, average import prices hit record highs at $49,365 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($46,865 per ton), while the price for Austria ($20,377 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Canada (FOB) - 2024
The average export price for nickel; bars, rods and profiles, not alloyeds stood at $22,477 per ton in September 2023, with a decrease of -8.2% against the previous month. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 140% against the previous month. The export price peaked at $30,766 per ton in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to September 2023, the rate of growth in terms of prices for the United States amounted to -8.2% per month.
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Canada
In 2022, imports of nickel; bars, rods and profiles, not alloyeds into Canada surged to 9.9 tons, increasing by 222% against the previous year. Overall, imports continue to indicate resilient growth.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds surged to $353K in 2022. Over the period under review, imports continue to indicate a mild increase.
Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 248 | 266 | 0.3 | 146 | -16.2% |
United States | 67.0 | 76.8 | 67.7 | 145 | 29.3% |
Austria | N/A | N/A | N/A | 31.4 | 0% |
Germany | 4.7 | 9.8 | 6.1 | 9.6 | 26.9% |
Italy | 16.0 | 6.4 | 1.9 | 7.6 | -22.0% |
Finland | N/A | N/A | N/A | 7.4 | 0% |
Russia | N/A | 17.0 | N/A | N/A | 0% |
Others | 0.7 | 3.7 | 21.0 | 7.0 | 115.4% |
Total | 336 | 380 | 97.0 | 353 | 1.7% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Canada in 2022:
- United States (4.4 tons)
- United Kingdom (3.1 tons)
- Austria (1.5 tons)
- Finland (0.3 tons)
- Italy (0.2 tons)
- Germany (0.2 tons)
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of nickel; bars, rods and profiles, not alloyeds, when their volume decreased by -93.9% to 36 kg. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,204% against the previous year. As a result, the exports reached the peak of 587 kg, and then reduced sharply in the following year.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds contracted markedly to $1.1K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,187% against the previous year. As a result, the exports reached the peak of $18K, and then dropped notably in the following year.
Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | N/A | 0.7 | N/A | 0.4 | -24.4% |
China | N/A | N/A | 0.1 | 0.4 | 300.0% |
Germany | 0.2 | N/A | 0.2 | 0.3 | 14.5% |
Finland | N/A | N/A | 0.1 | 0.1 | 0.0% |
Kazakhstan | N/A | 0.4 | N/A | N/A | 0% |
Sweden | N/A | N/A | 0.7 | N/A | 0% |
United States | N/A | N/A | 14.2 | N/A | 0% |
Others | 0.3 | 0.3 | 2.8 | N/A | 205.5% |
Total | 0.5 | 1.4 | 18.0 | 1.1 | 30.1% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Canada in 2022:
- China (12.0 kg)
- Mexico (12.0 kg)
- Germany (9.0 kg)
- Finland (3.0 kg)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Canada.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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