Price for Nickel; Bars, Rods, Profiles and Wire in Argentina - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Argentina (CIF) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Argentina (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Argentina
- Exports of Nickel; Bars, Rods, Profiles and Wire in Argentina
Price for Nickel; Bars, Rods, Profiles and Wire in Argentina (CIF) - 2023
The average import price for nickel; bars, rods, profiles and wires stood at $47,466 per ton in June 2023, growing by 3.7% against the previous month. Over the period from December 2022 to June 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 8.8% against the previous month. Over the period under review, average import prices reached the peak figure in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($108K per ton), while the price for China ($14,356 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Bars, Rods, Profiles and Wire in Argentina (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $39,743 per ton in 2022, approximately reflecting the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 212%. The export price peaked at $230,444 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to -14.4% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Argentina
In 2022, imports of nickel; bars, rods, profiles and wires into Argentina declined markedly to 332 tons, which is down by -21% compared with 2021. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year.
In value terms, imports of nickel; bars, rods, profiles and wires expanded markedly to $14M in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Nickel; Bars, Rods, Profiles and Wire in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 9.2 | 6.4 | 10.7 | 11.2 | 6.8% |
| China | 1.5 | 0.6 | 1.2 | 0.9 | -15.7% |
| United States | 0.7 | 0.2 | 0.3 | 0.6 | -5.0% |
| Germany | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Japan | 0.3 | 0.3 | 0.2 | N/A | -18.4% |
| Others | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Total | 12.1 | 8.0 | 13.0 | 13.7 | 4.2% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Argentina in 2022:
- Brazil (274.5 tons)
- China (30.2 tons)
- Germany (9.3 tons)
- United States (8.7 tons)
- Japan (2.0 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Argentina
In 2022, shipments abroad of nickel; bars, rods, profiles and wires decreased by 0% to 354 kg, falling for the second consecutive year after two years of growth. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,300%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of nickel; bars, rods, profiles and wires totaled $14K in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 865%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 14.1 | 0% |
| Singapore | N/A | 6.9 | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 0.7 | 6.9 | N/A | 14.1 | 172.1% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Argentina in 2022:
- Germany (354.0 kg)
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