Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland - 2024
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland (FOB) - 2024
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland (CIF) - 2024
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland (FOB) - 2024
In September 2023, the average export price for nickel; bars, rods and profiles, of nickel alloyses amounted to $61,571 per ton, falling by -37.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 73% m-o-m. As a result, the export price reached the peak level of $98,159 per ton, and then dropped notably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($126K per ton), while the average price for exports to France ($43,107 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland (CIF) - 2024
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $45,157 per ton in September 2023, which is down by -40.5% against the previous month. Overall, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in June 2023 an increase of 29% against the previous month. As a result, import price attained the peak level of $80,834 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($169K per ton), while the price for Italy ($39,294 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 the UK (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland
In 2022, shipments abroad of nickel; bars, rods and profiles, of nickel alloyses decreased by -12.8% to 173 tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 6.9%. As a result, the exports reached the peak of 230 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses expanded slightly to $9.6M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 8%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,087 | 2,660 | 2,511 | 2,626 | 8.0% |
| Austria | 1,130 | 570 | 1,332 | 1,322 | 5.4% |
| United States | 226 | 373 | 422 | 893 | 58.1% |
| France | 474 | 722 | 806 | 876 | 22.7% |
| Germany | 1,076 | 797 | 1,494 | 662 | -14.9% |
| Czech Republic | 305 | 429 | 413 | 436 | 12.6% |
| United Kingdom | 197 | 177 | 322 | 416 | 28.3% |
| United Arab Emirates | 5.5 | 125 | 26.5 | 331 | 291.9% |
| Sweden | 207 | 897 | 118 | 232 | 3.9% |
| China | 62.5 | 32.6 | 161 | 219 | 51.9% |
| Croatia | 82.4 | 63.9 | 109 | 193 | 32.8% |
| India | 356 | 414 | 286 | 148 | -25.4% |
| Poland | 126 | 65.0 | 133 | 143 | 4.3% |
| Others | 2,211 | 1,152 | 1,026 | 1,069 | -21.5% |
| Total | 8,546 | 8,479 | 9,159 | 9,567 | 3.8% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Switzerland in 2022:
- Italy (41.7 tons)
- Austria (24.0 tons)
- France (20.1 tons)
- United States (18.8 tons)
- Germany (10.4 tons)
- United Arab Emirates (8.1 tons)
- United Kingdom (8.0 tons)
- Czech Republic (7.5 tons)
- Sweden (5.8 tons)
- China (3.4 tons)
- Poland (3.2 tons)
- Croatia (3.0 tons)
- India (2.9 tons)
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Switzerland
Imports of nickel; bars, rods and profiles, of nickel alloyses into Switzerland surged to 188 tons in 2022, rising by 18% compared with the year before. In general, imports, however, continue to indicate a perceptible curtailment.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $9.4M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,179 | 2,367 | 2,508 | 2,671 | -5.6% |
| United States | 2,335 | 1,686 | 1,973 | 2,467 | 1.8% |
| Austria | 288 | 268 | 748 | 1,414 | 70.0% |
| United Kingdom | 1,109 | 636 | 1,166 | 1,404 | 8.2% |
| China | 47.4 | 91.3 | 137 | 691 | 144.3% |
| Italy | 476 | 777 | 146 | 246 | -19.8% |
| Belgium | 0.7 | 189 | N/A | 164 | 516.5% |
| Brazil | 135 | 183 | 30.5 | 42.3 | -32.1% |
| Others | 313 | 373 | 267 | 319 | 0.6% |
| Total | 7,882 | 6,570 | 6,975 | 9,419 | 6.1% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Switzerland in 2022:
- Germany (51.8 tons)
- United States (38.1 tons)
- United Kingdom (30.3 tons)
- Austria (25.4 tons)
- China (25.0 tons)
- Italy (5.6 tons)
- Belgium (3.0 tons)
- Brazil (1.5 tons)
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