Price for Nickel; Bars, Rods, Profiles and Wire in Canada - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Canada (CIF) - 2024
- Price for Nickel; Bars, Rods, Profiles and Wire in Canada (FOB) - 2024
- Imports of Nickel; Bars, Rods, Profiles and Wire in Canada
- Exports of Nickel; Bars, Rods, Profiles and Wire in Canada
Price for Nickel; Bars, Rods, Profiles and Wire in Canada (CIF) - 2024
In June 2023, the average import price for nickel; bars, rods, profiles and wires amounted to $53,994 per ton, picking up by 4.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 35% m-o-m. The import price peaked 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 Austria ($63,843 per ton), while the price for Sweden ($31,545 per ton) was amongst the lowest.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Canada (FOB) - 2024
The average export price for nickel; bars, rods, profiles and wires stood at $55,750 per ton in June 2023, growing by 6% against the previous month. Over the last five-month period, it increased at an average monthly rate of +4.3%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 21% against the previous month. The export price peaked at $55,938 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($56,839 per ton), while the average price for exports to Malaysia amounted to $29,031 per ton.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Canada
Imports of nickel; bars, rods, profiles and wires into Canada surged to 1.6K tons in 2022, jumping by 21% compared with the year before. Overall, imports, however, saw a abrupt slump.
In value terms, imports of nickel; bars, rods, profiles and wires soared to $63M in 2022. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +68.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.4 | 23.1 | 25.8 | 38.1 | -2.7% |
| Germany | 4.9 | 4.4 | 6.1 | 7.5 | 15.2% |
| China | 2.7 | 1.8 | 1.3 | 4.7 | 20.3% |
| Italy | 1.2 | 1.5 | 1.3 | 4.3 | 53.0% |
| France | 3.2 | 2.7 | 2.5 | 3.3 | 1.0% |
| Sweden | 0.7 | 0.6 | 1.0 | 1.6 | 31.7% |
| Austria | 0.8 | 0.7 | 1.3 | 1.5 | 23.3% |
| Others | 1.1 | 2.5 | 1.3 | 1.5 | 10.9% |
| Total | 55.9 | 37.1 | 40.6 | 62.7 | 3.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Canada in 2022:
- United States (826.2 tons)
- China (257.7 tons)
- Germany (200.6 tons)
- France (81.4 tons)
- Italy (80.8 tons)
- Sweden (61.6 tons)
- Austria (27.8 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Canada
In 2022, shipments abroad of nickel; bars, rods, profiles and wires was finally on the rise to reach 301 tons after two years of decline. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; bars, rods, profiles and wires soared to $15M in 2022. In general, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 6.0 | 7.4 | 14.2 | 19.1% |
| South Africa | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| India | 0.1 | 0.3 | 0.4 | 0.1 | 0.0% |
| United Kingdom | 0.4 | N/A | N/A | 0.1 | -37.0% |
| China | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Others | 0.2 | 0.4 | 0.1 | 0.1 | -20.6% |
| Total | 9.5 | 6.9 | 8.3 | 14.7 | 15.7% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Canada in 2022:
- United States (286.8 tons)
- South Africa (6.2 tons)
- United Kingdom (2.0 tons)
- China (1.9 tons)
- India (1.6 tons)
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