Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway (CIF) - 2024
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway (CIF) - 2024
In September 2023, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $66,561 per ton, picking up by 23% against the previous month. In general, import price indicated a tangible increase from January 2023 to September 2023: its price increased at an average monthly rate of +4.3% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for nickel; bars, rods and profiles, of nickel alloyses increased by +22.8% against August 2023 indices. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 97% m-o-m. Over the period under review, average import prices reached the peak figure in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($114K per ton), while the price for Sweden ($51,240 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), 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 Norway (FOB) - 2022
In 2022, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $25,007 per ton, falling by -26.1% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $45,471 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($65,615 per ton), while the average price for exports to Finland ($19,946 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.2%), 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 Norway
In 2022, supplies from abroad of nickel; bars, rods and profiles, of nickel alloyses increased by 70% to 284 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt setback.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $12M in 2022. Over the period under review, imports, however, saw a abrupt decline.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.9 | 7.4 | 1.9 | 5.1 | -13.6% |
| Austria | 0.7 | 1.9 | 1.2 | 2.6 | 54.9% |
| Germany | 1.8 | 1.4 | 1.1 | 2.0 | 3.6% |
| United Kingdom | 3.5 | 2.5 | 1.2 | 1.6 | -23.0% |
| United States | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| Others | 0.2 | 0.6 | 0.2 | 0.3 | 14.5% |
| Total | 14.5 | 14.1 | 6.0 | 11.8 | -6.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Norway in 2022:
- Italy (133.9 tons)
- Germany (54.9 tons)
- Austria (44.6 tons)
- United Kingdom (40.1 tons)
- United States (5.3 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway
In 2022, the amount of nickel; bars, rods and profiles, of nickel alloyses exported from Norway skyrocketed to 130 tons, jumping by 124% against the previous year. Over the period under review, exports recorded significant growth. As a result, the exports reached 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 $3.2M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 190% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 101 | 6.4 | 3.3 | 2,054 | 173.0% |
| United Kingdom | 48.7 | 315 | 1,613 | 809 | 155.2% |
| Poland | 134 | 68.8 | 179 | 144 | 2.4% |
| Spain | 36.4 | 6.8 | N/A | 51.5 | 12.3% |
| Finland | N/A | N/A | N/A | 42.4 | 0% |
| United Arab Emirates | 120 | 62.0 | 13.0 | 18.2 | -46.7% |
| Germany | 208 | 19.1 | 8.0 | 5.8 | -69.7% |
| Italy | 346 | 54.6 | 2.0 | N/A | -92.4% |
| Others | 159 | 142 | 138 | 115 | -10.2% |
| Total | 1,154 | 675 | 1,956 | 3,240 | 41.1% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Norway in 2022:
- Denmark (80.4 tons)
- United Kingdom (38.5 tons)
- Poland (4.3 tons)
- Finland (2.1 tons)
- Spain (1.3 tons)
- United Arab Emirates (0.4 tons)
- Germany (0.1 tons)
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