Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia (FOB) - 2024
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia (FOB) - 2024
In August 2023, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $43,600 per ton, rising by 14% against the previous month. Over the period from January 2023 to August 2023, it increased at an average monthly rate of +4.8%. The growth pace was the most rapid in July 2023 when the average export price increased by 45% m-o-m. Over the period under review, the average export prices attained the maximum in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($46,516 per ton), while the average price for exports to China ($23,817 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia (CIF) - 2022
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $36,869 per ton in 2022, surging by 15% against the previous year. In general, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 111% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($66,367 per ton), while the price for China ($14,009 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia
In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; bars, rods and profiles, of nickel alloyses, when their volume increased by 26% to 1.7K tons. Overall, exports, however, showed a deep downturn.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses soared to $62M in 2022. Over the period under review, exports, however, recorded a abrupt decline.
Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 73.3 | 65.6 | 32.7 | 47.8 | -13.3% |
Singapore | 4.1 | 8.6 | 4.4 | 6.2 | 14.8% |
China | 4.6 | 0.8 | 1.6 | 5.0 | 2.8% |
United Kingdom | 2.0 | 1.4 | 5.4 | 2.7 | 10.5% |
Others | 0.5 | 1.4 | 1.3 | 0.4 | -7.2% |
Total | 84.4 | 77.8 | 45.5 | 62.2 | -9.7% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Australia in 2022:
- United States (1142.8 tons)
- Singapore (232.1 tons)
- China (205.3 tons)
- United Kingdom (103.5 tons)
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia
Imports of nickel; bars, rods and profiles, of nickel alloyses into Australia skyrocketed to 47 tons in 2022, with an increase of 26% compared with the year before. The total import volume increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, of nickel alloyses surged to $1.7M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 240 | 483 | 403 | 578 | 34.0% |
Japan | 286 | 261 | 209 | 274 | -1.4% |
United Kingdom | 152 | 284 | 99.3 | 267 | 20.7% |
Italy | 13.8 | 30.9 | 217 | 201 | 144.2% |
China | N/A | 40.4 | 15.7 | 111 | 65.8% |
Thailand | 31.5 | 32.2 | 37.3 | 62.7 | 25.8% |
United States | 133 | 58.5 | 43.4 | 56.9 | -24.6% |
South Korea | 15.4 | 13.9 | 45.9 | 40.0 | 37.5% |
Others | 77.6 | 70.8 | 120 | 136 | 20.6% |
Total | 949 | 1,275 | 1,191 | 1,727 | 22.1% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Australia in 2022:
- Germany (13.3 tons)
- China (7.9 tons)
- Italy (7.2 tons)
- Japan (6.8 tons)
- United Kingdom (4.0 tons)
- United States (2.2 tons)
- South Korea (1.9 tons)
- Thailand (1.4 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Australia.
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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