Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada (CIF) - 2024
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada (FOB) - 2024
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada (CIF) - 2024
In June 2023, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $62,633 per ton, with an increase of 12% against the previous month. Over the period from January 2023 to June 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in March 2023 when the average import price increased by 16% against the previous month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($78,818 per ton), while the price for France ($49,959 per ton) was amongst the lowest.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada (FOB) - 2024
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $86,520 per ton in June 2023, surging by 14% against the previous month. Over the period from January 2023 to June 2023, it increased at an average monthly rate of +4.4%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 17% month-to-month. Over the period under review, the average export prices reached the maximum in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to +3.5% per month.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada
After two years of decline, supplies from abroad of nickel; bars, rods and profiles, of nickel alloyses increased by 14% to 953 tons in 2022. Overall, imports, however, saw a abrupt decline.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $44M in 2022. In general, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +72.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 36.5 | 20.0 | 20.6 | 31.7 | -4.6% |
Germany | 2.3 | 2.4 | 2.8 | 5.1 | 30.4% |
Italy | 1.2 | 1.5 | 1.3 | 4.3 | 53.0% |
Austria | 0.5 | 0.3 | 1.2 | 1.3 | 37.5% |
Others | 1.1 | 1.3 | 1.2 | 1.6 | 13.3% |
Total | 41.5 | 25.6 | 27.0 | 44.0 | 2.0% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Canada in 2022:
- United States (676.0 tons)
- Germany (118.6 tons)
- Italy (80.6 tons)
- Austria (38.6 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada
In 2022, approx. 81 tons of nickel; bars, rods and profiles, of nickel alloyses were exported from Canada; increasing by 24% compared with 2021 figures. Overall, exports, however, showed a mild decrease.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $5.1M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3,619 | 2,891 | 3,289 | 4,884 | 10.5% |
South Africa | 87.7 | 47.3 | 52.7 | 131 | 14.3% |
India | 47.2 | 11.7 | 12.9 | 51.3 | 2.8% |
China | 310 | 162 | 294 | 41.4 | -48.9% |
Cuba | N/A | 223 | 32.4 | N/A | -85.5% |
Others | 107 | 74.7 | 30.7 | 14.7 | -48.4% |
Total | 4,171 | 3,410 | 3,712 | 5,122 | 7.1% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Canada in 2022:
- United States (73.6 tons)
- South Africa (4.1 tons)
- India (1.6 tons)
- China (1.3 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Canada.
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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