Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador - 2022

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador (CIF) - 2022
  2. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador
  4. Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador (CIF) - 2022

The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $50,071 per ton in 2022, growing by 43% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 45%. The import price peaked at $61,641 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($67,542 per ton), while the price for Germany ($28,573 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+265.1%), 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 Ecuador (FOB) - 2022

The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $38,877 per ton in 2022, growing by 14% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 35%. Over the period under review, the average export prices attained the peak figure at $88,426 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($77,416 per ton), while the average price for exports to Singapore stood at $23,308 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-12.5%).

Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador

In 2022, approx. 975 kg of nickel; bars, rods and profiles, of nickel alloyses were imported into Ecuador; rising by 15% against the previous year. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year.

In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $49K in 2022. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 113%.

Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States35.39.58.432.4-2.8%
China0.62.010.312.7176.6%
Germany3.21.62.43.1-1.1%
Colombia0.3N/A0.3N/A0.0%
United Arab Emirates4.70.88.1N/A31.3%
Singapore25.6N/AN/AN/A0%
Others0.30.10.30.626.0%
Total69.914.029.848.8-11.3%

Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Ecuador in 2022:

  1. United States (480.0 kg)
  2. China (379.0 kg)
  3. Germany (110.0 kg)

Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador

In 2022, after three years of growth, there was significant decline in shipments abroad of nickel; bars, rods and profiles, of nickel alloyses, when their volume decreased by -26.9% to 351 kg. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 199% against the previous year.

In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses reduced sharply to $14K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 70%.

Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/AN/AN/A7.80%
Singapore5.58.016.35.81.8%
MalaysiaN/A3.0N/AN/A0%
Others0.9N/AN/AN/A0%
Total6.511.016.313.627.9%

Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Ecuador in 2022:

  1. Singapore (250.0 kg)
  2. Austria (101.0 kg)

Source: IndexBox Market Intelligence Platform

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