Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hungary - 2023

Contents:

1. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hungary (CIF) - 2023
2. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hungary (FOB) - 2023
3. Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hungary
4. Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hungary

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Hungary (CIF) - 2023

The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $100K per ton in August 2023, with an increase of 37% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 95% against the previous month. Over the period under review, average import prices reached the peak figure at $182K per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($697K per ton), while the price for Brazil ($39,729 per ton) was amongst the lowest.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), 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 Hungary (FOB) - 2023

In July 2023, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $65,042 per ton, approximately mirroring the previous month. Over the last nine-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 33% against the previous month. As a result, the export price attained the peak level of $77,999 per ton. From December 2022 to July 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Poland.

From October 2022 to July 2023, the rate of growth in terms of prices for Poland amounted to +1.1% per month.

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

In 2022, the amount of nickel; bars, rods and profiles, of nickel alloyses imported into Hungary reduced to 65 tons, with a decrease of -9.3% compared with the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% 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 +59.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of 71 tons, and then dropped in the following year.

In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses stood at $3.8M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (26.8 tons)
2. United States (17.5 tons)
3. Netherlands (12.0 tons)
4. Ukraine (2.6 tons)
5. United Kingdom (1.5 tons)
6. France (1.4 tons)
7. Italy (1.0 tons)

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

Exports of nickel; bars, rods and profiles, of nickel alloyses from Hungary soared to 20 tons in 2022, with an increase of 220% compared with the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 18,262%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $1.2M in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 6,564% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Poland (16.6 tons)
2. Belarus (2.6 tons)

Source: IndexBox Market Intelligence Platform