Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Germany - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Germany (FOB) - 2023
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Germany (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Germany
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Germany
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Germany (FOB) - 2023
In November 2023, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $27,145 per ton, with a decrease of -45.3% against the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The growth pace was the most rapid in October 2023 when the average export price increased by 73% month-to-month. The export price peaked at $50,312 per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Switzerland ($72,404 per ton), while the average price for exports to the United States ($48,049 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Germany (CIF) - 2022
The average import price for nickel; bars, rods and profiles, not alloyeds stood at $28,706 per ton in 2022, rising by 12% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods and profiles, not alloyeds increased by +110.2% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 37%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($36,422 per ton), while the price for Poland ($18,850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Germany
In 2022, approx. 375 tons of nickel; bars, rods and profiles, not alloyeds were exported from Germany; picking up by 43% compared with the previous year's figure. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 65%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $13M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Germany (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 963 | 448 | 1,613 | 3,455 | 53.1% |
Austria | 1,046 | 444 | 1,845 | 3,064 | 43.1% |
United States | 1,830 | 667 | 912 | 2,783 | 15.0% |
Hungary | 104 | 6.4 | 47.7 | 635 | 82.8% |
Sweden | 101 | 52.4 | 309 | 516 | 72.2% |
Switzerland | 121 | 203 | 205 | 513 | 61.8% |
South Korea | 266 | 75.5 | 1.7 | 235 | -4.0% |
United Kingdom | 763 | 700 | 23.8 | 234 | -32.6% |
Italy | 125 | 290 | 375 | 233 | 23.1% |
Croatia | 180 | 72.9 | 116 | 82.4 | -22.9% |
Others | 771 | 1,283 | 1,412 | 1,027 | 10.0% |
Total | 6,271 | 4,241 | 6,860 | 12,777 | 26.8% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Germany in 2022:
- Austria (112.9 tons)
- France (100.7 tons)
- United States (72.3 tons)
- Sweden (15.6 tons)
- Switzerland (14.7 tons)
- Hungary (13.3 tons)
- Italy (7.4 tons)
- South Korea (6.5 tons)
- United Kingdom (6.2 tons)
- Croatia (2.4 tons)
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Germany
In 2022, approx. 224 tons of nickel; bars, rods and profiles, not alloyeds were imported into Germany; leveling off at 2021. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 with an increase of 101%. As a result, imports attained the peak of 224 tons, leveling off in the following year.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds expanded sharply to $6.4M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 175%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Germany (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 141 | 95.8 | 3,718 | 4,555 | 218.5% |
India | N/A | 181 | 1,167 | 684 | 94.4% |
Sweden | 1.5 | 39.6 | 19.3 | 247 | 448.1% |
Austria | 2,659 | 1,553 | 467 | 227 | -56.0% |
Mexico | N/A | N/A | N/A | 183 | 0% |
Poland | N/A | 2.5 | N/A | 76.8 | 454.3% |
Others | 245 | 212 | 364 | 453 | 22.7% |
Total | 3,046 | 2,083 | 5,735 | 6,426 | 28.3% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Germany in 2022:
- Italy (168.9 tons)
- India (24.3 tons)
- Austria (8.3 tons)
- Sweden (6.8 tons)
- Mexico (5.9 tons)
- Poland (4.1 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Germany.
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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