Price for Nickel; Bars, Rods, Profiles and Wire in Chile - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Chile (CIF) - 2024
- Price for Nickel; Bars, Rods, Profiles and Wire in Chile (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Chile
- Exports of Nickel; Bars, Rods, Profiles and Wire in Chile
Price for Nickel; Bars, Rods, Profiles and Wire in Chile (CIF) - 2024
The average import price for nickel; bars, rods, profiles and wires stood at $45,660 per ton in August 2023, with a decrease of -33.5% against the previous month. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in July 2023 an increase of 35% m-o-m. As a result, import price attained the peak level of $68,712 per ton, and then reduced remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($98,384 per ton), while the price for Slovenia ($27,369 per ton) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Chile (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $7,556 per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,400% against the previous year. As a result, the export price reached the peak level of $19,400 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($8,017 per ton), while the average price for exports to Bolivia ($6,438 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-5.3%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Bars, Rods, Profiles and Wire in Chile
In 2022, supplies from abroad of nickel; bars, rods, profiles and wires decreased by -1.9% to 21 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 5.8% against the previous year. As a result, imports reached the peak of 27 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of nickel; bars, rods, profiles and wires expanded modestly to $1.1M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 423 | 522 | 499 | 541 | 8.5% |
| China | 50.8 | 54.8 | 115 | 281 | 76.9% |
| Germany | 107 | 85.9 | 298 | 188 | 20.7% |
| Austria | 139 | 40.4 | 4.4 | 5.5 | -65.9% |
| Brazil | 69.9 | 83.6 | 18.2 | 3.2 | -64.2% |
| India | 32.6 | 15.1 | 25.2 | 3.2 | -53.9% |
| Others | 75.6 | 75.1 | 122 | 89.4 | 5.7% |
| Total | 897 | 877 | 1,082 | 1,112 | 7.4% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Chile in 2022:
- United States (10.5 tons)
- China (5.6 tons)
- Germany (3.4 tons)
- India (0.1 tons)
- Austria (0.1 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Chile
In 2022, overseas shipments of nickel; bars, rods, profiles and wires decreased by 0% to 347 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of nickel; bars, rods, profiles and wires stood at $2.6K in 2022. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Nickel; Bars, Rods, Profiles and Wire in Chile (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 33.0 | N/A | N/A | 1,924 | 287.8% |
| Argentina | 14.0 | N/A | N/A | 595 | 249.0% |
| Bolivia | 3.0 | N/A | N/A | 103 | 225.0% |
| Others | 1.0 | N/A | N/A | N/A | 0% |
| Total | 51.0 | N/A | N/A | 2,622 | 271.8% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Chile in 2022:
- Uruguay (240.0 kg)
- Argentina (91.0 kg)
- Bolivia (16.0 kg)
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