Price for Nickel; Bars, Rods, Profiles and Wire in Australia - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Australia (FOB) - 2024
- Price for Nickel; Bars, Rods, Profiles and Wire in Australia (CIF) - 2022
- Exports of Nickel; Bars, Rods, Profiles and Wire in Australia
- Imports of Nickel; Bars, Rods, Profiles and Wire in Australia
Price for Nickel; Bars, Rods, Profiles and Wire in Australia (FOB) - 2024
In August 2023, the average export price for nickel; bars, rods, profiles and wires amounted to $43,600 per ton, growing by 14% against the previous month. Over the last seven months, it increased at an average monthly rate of +4.7%. The growth pace was the most rapid in July 2023 an increase of 45% month-to-month. The export price peaked in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($46,516 per ton), while the average price for exports to China ($23,817 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Australia (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $36,868 per ton, falling by -4.1% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 59%. The import price peaked at $38,448 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($50,150 per ton), while the price for Italy ($18,354 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+55.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods, Profiles and Wire in Australia
In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; bars, rods, profiles and wires, when their volume increased by 26% to 1.7K tons. Overall, exports, however, continue to indicate a abrupt contraction.
In value terms, exports of nickel; bars, rods, profiles and wires skyrocketed to $62M in 2022. In general, exports, however, recorded a abrupt decline.
Export of Nickel; Bars, Rods, Profiles and Wire in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 73.3 | 65.6 | 32.7 | 47.8 | -13.3% |
Singapore | 4.1 | 8.6 | 4.4 | 6.2 | 14.8% |
China | 4.6 | 0.8 | 1.6 | 5.0 | 2.8% |
United Kingdom | 2.0 | 1.4 | 5.4 | 2.7 | 10.5% |
Others | 0.6 | 1.4 | 1.4 | 0.5 | -5.9% |
Total | 84.5 | 77.8 | 45.6 | 62.3 | -9.7% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Australia in 2022:
- United States (1144.4 tons)
- Singapore (232.5 tons)
- China (205.5 tons)
- United Kingdom (105.0 tons)
Imports of Nickel; Bars, Rods, Profiles and Wire in Australia
In 2022, approx. 126 tons of nickel; bars, rods, profiles and wires were imported into Australia; picking up by 84% compared with 2021. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $4.7M in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nickel; Bars, Rods, Profiles and Wire in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 451 | 744 | 646 | 1,138 | 36.1% |
United States | 457 | 403 | 516 | 937 | 27.0% |
United Kingdom | 208 | 440 | 250 | 731 | 52.0% |
Switzerland | 290 | 105 | 186 | 383 | 9.7% |
Italy | 104 | 63.3 | 293 | 329 | 46.8% |
Japan | 286 | 263 | 209 | 286 | 0.0% |
China | 208 | 174 | 153 | 259 | 7.6% |
Singapore | 20.7 | 79.8 | 110 | 197 | 111.9% |
India | 24.8 | 278 | 30.5 | 118 | 68.2% |
Others | 292 | 295 | 250 | 276 | -1.9% |
Total | 2,341 | 2,844 | 2,643 | 4,655 | 25.7% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Australia in 2022:
- Germany (36.9 tons)
- United States (18.7 tons)
- Italy (17.9 tons)
- United Kingdom (15.7 tons)
- Switzerland (8.5 tons)
- China (8.3 tons)
- Japan (5.8 tons)
- Singapore (4.0 tons)
- India (3.9 tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Australia.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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