Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland (FOB) - 2023
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $37,207 per ton, surging by 14% against the previous year. In general, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2020 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
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 the United States ($43,661 per ton), while the price for France ($21,459 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.2%), 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 Ireland (FOB) - 2023
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $30,917 per ton in August 2023, with a decrease of -1.7% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 48% against the previous month. The export price peaked at $38,110 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Taiwan (Chinese) ($46,446 per ton), while the average price for exports to Malaysia ($8,179 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland
In 2022, purchases abroad of nickel; bars, rods and profiles, of nickel alloyses increased by 79% to 60 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep downturn.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $2.2M in 2022. In general, imports continue to indicate resilient growth. 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 Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 389 | 826 | 740 | 1,425 | 54.2% |
| Germany | 626 | 407 | 132 | 396 | -14.2% |
| France | 233 | 9.9 | 58.3 | 165 | -10.9% |
| United States | 123 | 160 | 99.6 | 154 | 7.8% |
| Japan | N/A | N/A | 1.6 | 35.0 | 2087.5% |
| Others | 7.2 | 10.9 | 61.0 | 48.8 | 89.2% |
| Total | 1,379 | 1,414 | 1,092 | 2,223 | 17.3% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Ireland in 2022:
- United Kingdom (37.0 tons)
- Germany (9.2 tons)
- France (7.7 tons)
- United States (3.5 tons)
- Japan (1.0 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland
In 2022, exports of nickel; bars, rods and profiles, of nickel alloyses from Ireland skyrocketed to 53 tons, rising by 65% compared with 2021 figures. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses surged to $1.4M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 407 | 229 | 257 | 658 | 17.4% |
| United States | 17.9 | 31.1 | 43.5 | 227 | 133.2% |
| United Arab Emirates | 56.0 | 9.4 | 74.7 | 170 | 44.8% |
| South Korea | 46.7 | 4.3 | 97.4 | 129 | 40.3% |
| India | 68.2 | 26.3 | 58.2 | 79.7 | 5.3% |
| Malaysia | 48.7 | 48.1 | 89.3 | 43.9 | -3.4% |
| United Kingdom | N/A | 1.1 | 3.9 | 23.5 | 362.2% |
| Mexico | 10.7 | 356 | 17.9 | N/A | 29.3% |
| Others | 89.9 | 116 | 110 | 54.9 | -15.2% |
| Total | 745 | 821 | 752 | 1,386 | 23.0% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Ireland in 2022:
- Singapore (21.4 tons)
- United Arab Emirates (7.9 tons)
- United States (7.5 tons)
- South Korea (6.1 tons)
- United Kingdom (3.3 tons)
- India (2.3 tons)
- Malaysia (1.6 tons)
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