Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark - 2023

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark (CIF) - 2022
  2. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark
  4. Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark (CIF) - 2022

The average import price for nickel; bars, rods and profiles, not alloyeds stood at $20,936 per ton in 2022, dropping by -59.7% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $62,688 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Germany ($64,889 per ton), while the price for the Netherlands ($998 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark (FOB) - 2022

The average export price for nickel; bars, rods and profiles, not alloyeds stood at $38,803 per ton in 2022, reducing by -5% against the previous year. In general, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 221% against the previous year. The export price peaked at $40,833 per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($1,409,000 per ton), while the average price for exports to Faroe Islands stood at $17,723 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (-1.3%).

Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark

Imports of nickel; bars, rods and profiles, not alloyeds into Denmark surged to 1 tons in 2022, rising by 1,847% on 2021. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds soared to $22K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/AN/A17.50%
Germany3.2N/AN/A1.8-17.5%
ChinaN/A0.32.30.973.2%
Sweden0.10.40.20.791.3%
NetherlandsN/AN/AN/A0.60%
NorwayN/A0.60.20.1-59.2%
Others0.20.5N/AN/A150.0%
Total3.41.82.821.685.2%

Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Denmark in 2022:

  1. Netherlands (640.0 kg)
  2. United Kingdom (319.0 kg)
  3. Germany (27.0 kg)
  4. Sweden (23.0 kg)
  5. China (20.0 kg)
  6. Norway (1.0 kg)

Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark

In 2022, overseas shipments of nickel; bars, rods and profiles, not alloyeds increased by 1,000% to 66 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp setback.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $2.6K in 2022. Overall, exports, however, continue to indicate a sharp decline.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PeruN/AN/AN/A1.40%
Faroe IslandsN/A0.7N/A1.230.9%
Greenland6.2N/AN/AN/A0%
OthersN/AN/A0.2N/A0%
Total6.20.70.22.6-25.1%

Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Denmark in 2022:

  1. Faroe Islands (65.0 kg)
  2. Peru (1.0 kg)

Source: IndexBox Market Intelligence Platform

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