Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Uruguay - 2023

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Uruguay (CIF) - 2022
  2. Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Uruguay

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Uruguay (CIF) - 2022

In 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $106,616 per ton, increasing by 36% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 77% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($126,206 per ton), while the price for Brazil ($36,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced a decline.

Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Uruguay

In 2022, purchases abroad of nickel; bars, rods and profiles, of nickel alloyses decreased by -7.9% to 164 kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. As a result, imports reached the peak of 309 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $17K in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, imports attained the peak of $20K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany9.910.66.38.7-4.2%
United States4.69.55.68.623.2%
Brazil0.9N/A2.00.2-39.4%
OthersN/AN/AN/AN/A0%
Total15.420.114.017.54.4%

Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Uruguay in 2022:

  1. Germany (90.0 kg)
  2. United States (68.0 kg)
  3. Brazil (6.0 kg)

Source: IndexBox Market Intelligence Platform

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