Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Latvia - 2022

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Latvia (CIF) - 2022
  2. Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Latvia

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

The average import price for nickel; bars, rods and profiles, not alloyeds stood at $22 per ton in 2022, with a decrease of -99.8% against the previous year. Overall, the import price saw a dramatic decrease. The pace of growth appeared the most rapid in 2018 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $27,857 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2014 to 2022, the rate of growth in terms of prices for Russia amounted to +16.3% per year.

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

Imports of nickel; bars, rods and profiles, not alloyeds into Latvia fell sharply to 3.9 tons in 2022, declining by -49.8% compared with 2021 figures. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 31,196% against the previous year. As a result, imports attained the peak of 7.8 tons, and then declined markedly in the following year.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds dropped sharply to $86 in 2022. Overall, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15,624% against the previous year. As a result, imports attained the peak of $98K, and then shrank notably in the following year.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
LithuaniaN/A0.2N/A0.1-29.3%
Russia3.70.1N/AN/A-97.3%
GermanyN/AN/A97.6N/A0%
OthersN/A0.3N/AN/A0%
Total3.70.697.60.1-70.0%

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

  1. Lithuania (3.9 tons)

Source: IndexBox Market Intelligence Platform

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