Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia (CIF) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia (CIF) - 2022
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $33,575 per ton in 2022, surging by 20% against the previous year. In general, the import price, however, showed a deep setback. Over the period under review, average import prices reached the peak figure at $199,439 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +2.4% per year.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $28,064 per ton in 2020, waning by -3.5% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth was the most pronounced in 2015 an increase of 777%. As a result, the export price attained the peak level of $136,700 per ton. From 2016 to 2020, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2020, the rate of growth in terms of prices for Belarus amounted to +29.0% per year.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of nickel; bars, rods and profiles, of nickel alloyses, when their volume decreased by -82.6% to 699 kg. Overall, imports faced a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 96%. As a result, imports attained the peak of 4 tons, and then contracted dramatically in the following year.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses contracted markedly to $23K in 2022. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 133%. As a result, imports attained the peak of $113K, and then contracted sharply in the following year.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 30.4 | 44.1 | 110 | 23.2 | -8.6% |
| Others | 2.9 | 4.2 | 3.0 | 0.3 | -53.1% |
| Total | 33.3 | 48.4 | 113 | 23.5 | -11.0% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Latvia in 2022:
- Russia (698.0 kg)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Latvia
In 2020, exports of nickel; bars, rods and profiles, of nickel alloyses from Latvia skyrocketed to 842 kg, growing by 528% against 2019 figures. In general, exports saw a significant expansion. 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 soared to $24K in 2020. Overall, exports posted significant growth. 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 Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Switzerland | N/A | 23.6 | 0% | ||
| Russia | 3.9 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 3.9 | 23.6 | 505.1% | ||
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Latvia in 2022:
- Switzerland (842.0 kg)
1538
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