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

Contents:

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

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

The average import price for nickel; bars, rods and profiles, not alloyeds stood at $16,750 per ton in 2022, falling by -11.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 26%. Over the period under review, average import prices hit record highs at $46,530 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($20,322 per ton), while the price for Slovenia ($4,707 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $26,094 per ton, flattening at the previous year. In general, the export price recorded slight growth. The most prominent rate of growth was recorded in 2020 an increase of 1,448% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($27,795 per ton) and Israel ($26,966 per ton), while the average price for exports to Egypt ($25,628 per ton) and Spain ($26,520 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+192.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in overseas purchases of nickel; bars, rods and profiles, not alloyeds, when their volume increased by 131% to 116 tons. Overall, imports, however, faced a dramatic setback.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $1.9M in 2022. Over the period under review, imports, however, recorded a dramatic decline.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2.03.52.5683599.0%
SpainN/AN/AN/A3290%
Bulgaria50.921330631583.6%
Germany11923339325228.4%
India2158.367.188.1-25.7%
Slovenia2,457N/AN/A71.8-69.2%
PolandN/AN/AN/A50.80%
United StatesN/A95616.218.0-86.3%
CroatiaN/A160N/AN/A0%
Hungary1,570543N/AN/A-65.4%
Others1.896.2162135321.7%
Total4,4152,2149471,942-23.9%

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

  1. France (33.6 tons)
  2. Spain (18.1 tons)
  3. Germany (17.2 tons)
  4. Bulgaria (16.4 tons)
  5. Slovenia (15.3 tons)
  6. India (5.2 tons)
  7. Poland (3.6 tons)
  8. United States (1.7 tons)

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

In 2022, exports of nickel; bars, rods and profiles, not alloyeds from Italy reached 11 tons, growing by 7.8% against the previous year. Overall, exports, however, showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 163% against the previous year.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds rose sharply to $281K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 336%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
EgyptN/A41.14.2231137.1%
ChinaN/AN/AN/A22.20%
IsraelN/AN/AN/A13.50%
Spain0.1N/A0.78.5339.7%
Trinidad and Tobago1.6N/AN/AN/A0%
Guyana12.8N/AN/AN/A0%
United Arab EmiratesN/AN/A90.0N/A0%
RomaniaN/A16.387.9N/A439.3%
OthersN/A5.574.06.26.2%
Total14.462.9257281169.2%

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

  1. Egypt (9.0 tons)
  2. China (0.8 tons)
  3. Israel (0.5 tons)
  4. Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform

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