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

Contents:

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

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

The average import price for nickel; bars, rods and profiles, not alloyeds stood at $102,235 per ton in 2022, reducing by -68.2% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 661% against the previous year. The import price peaked at $322,000 per ton in 2021, and then reduced remarkably in the following year.

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 ($275,000 per ton), while the price for Poland stood at $65,214 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $293,000 per ton, standing approx. at the previous year. In general, the export price saw a significant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($326,500 per ton), while the average price for exports to Latvia totaled $259,500 per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+47.2%).

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

Imports of nickel; bars, rods and profiles, not alloyeds into Lithuania surged to 17 kg in 2022, growing by 750% compared with 2021 figures. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $1.7K in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Poland (14.0 kg)
2. Germany (3.0 kg)

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

After two years of decline, shipments abroad of nickel; bars, rods and profiles, not alloyeds decreased by 0% to 4 kg in 2022. Overall, exports saw a deep downturn. The smallest decline of 99.9% was in 2020.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds amounted to $1.2K in 2022. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. Netherlands (2.0 kg)
2. Latvia (2.0 kg)

Source: IndexBox Market Intelligence Platform