Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK (FOB) - 2022
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $43,141 per ton in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($67,623 per ton), while the average price for exports to China ($34,062 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 Romania (+8.0%), 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 the UK (CIF) - 2022
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $28,685 per ton in 2022, with an increase of 15% against the previous year. In general, the import price, however, saw a noticeable curtailment. The import price peaked at $37,080 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 ($38,830 per ton), while the price for Spain ($8,799 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK
In 2022, overseas shipments of nickel; bars, rods and profiles, of nickel alloyses were finally on the rise to reach 5.7K tons after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses soared to $245M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 47.4 | 34.1 | 20.2 | 36.9 | -8.0% |
| France | 26.7 | 19.7 | 12.3 | 34.6 | 9.0% |
| China | 21.0 | 11.4 | 12.1 | 22.6 | 2.5% |
| Italy | 24.2 | 18.2 | 14.9 | 21.1 | -4.5% |
| Austria | 7.5 | 6.4 | 3.4 | 17.2 | 31.9% |
| India | 13.9 | 6.3 | 6.1 | 13.3 | -1.5% |
| Singapore | 7.7 | 6.5 | 9.7 | 13.1 | 19.4% |
| Romania | 7.7 | 13.1 | 8.0 | 9.2 | 6.1% |
| United Arab Emirates | 2.5 | 6.4 | 6.3 | 7.6 | 44.9% |
| Germany | 10.1 | 6.6 | 5.6 | 7.4 | -9.8% |
| Czech Republic | 4.0 | 7.1 | 2.1 | 6.4 | 17.0% |
| Norway | 5.9 | 5.2 | 3.3 | 6.2 | 1.7% |
| Mexico | 4.1 | 3.3 | 4.4 | 5.9 | 12.9% |
| Others | 68.1 | 27.3 | 35.0 | 43.9 | -13.6% |
| Total | 251 | 172 | 143 | 245 | -0.8% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from the UK in 2022:
- United States (912.7 tons)
- France (757.5 tons)
- China (663.1 tons)
- Italy (533.1 tons)
- Singapore (355.2 tons)
- India (305.7 tons)
- Austria (254.2 tons)
- Romania (188.8 tons)
- United Arab Emirates (185.7 tons)
- Germany (166.7 tons)
- Mexico (158.7 tons)
- Norway (135.8 tons)
- Czech Republic (131.6 tons)
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in the UK
After two years of decline, supplies from abroad of nickel; bars, rods and profiles, of nickel alloyses increased by 60% to 8.3K tons in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, 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.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses soared to $239M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.5 | 39.1 | 19.8 | 63.1 | 5.0% |
| Germany | 36.2 | 33.2 | 31.4 | 61.4 | 19.3% |
| Austria | 27.8 | 29.2 | 32.1 | 42.6 | 15.3% |
| Italy | 51.4 | 32.0 | 26.5 | 37.5 | -10.0% |
| Sweden | 0.4 | 1.3 | 1.8 | 7.6 | 166.8% |
| Taiwan (Chinese) | 4.6 | 4.5 | 1.1 | 5.9 | 8.7% |
| Spain | N/A | N/A | 1.1 | 2.3 | 109.1% |
| Belgium | 18.1 | 12.7 | 6.1 | 0.3 | -74.5% |
| Others | 11.8 | 15.7 | 11.0 | 18.5 | 16.2% |
| Total | 205 | 168 | 131 | 239 | 5.2% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to the UK in 2022:
- Germany (2700.7 tons)
- United States (1625.6 tons)
- Austria (1371.1 tons)
- Italy (1156.5 tons)
- Sweden (334.0 tons)
- Spain (264.0 tons)
- Taiwan (Chinese) (225.2 tons)
- Belgium (5.2 tons)
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