Price for Nickel; Bars, Rods, Profiles and Wire in Greece - 2023

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Greece (CIF) - 2022
  2. Price for Nickel; Bars, Rods, Profiles and Wire in Greece (FOB) - 2022
  3. Imports of Nickel; Bars, Rods, Profiles and Wire in Greece
  4. Exports of Nickel; Bars, Rods, Profiles and Wire in Greece

Price for Nickel; Bars, Rods, Profiles and Wire in Greece (CIF) - 2022

In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $14,910 per ton, reducing by -48.2% against the previous year. Over the period under review, the import price, however, showed strong growth. The growth pace was the most rapid in 2015 when the average import price increased by 217% against the previous year. The import price peaked at $28,761 per ton in 2021, and then contracted significantly in the following year.

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 Austria ($36,266 per ton), while the price for Italy ($7,222 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods, Profiles and Wire in Greece (FOB) - 2022

In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $88,500 per ton, declining by -15% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of 410%. As a result, the export price attained the peak level of $453,758 per ton. From 2021 to 2022, the average export prices remained at a 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 Germany amounted to -3.8% per year.

Imports of Nickel; Bars, Rods, Profiles and Wire in Greece

In 2022, purchases abroad of nickel; bars, rods, profiles and wires was finally on the rise to reach 28 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt slump.

In value terms, imports of nickel; bars, rods, profiles and wires contracted notably to $421K in 2022. Overall, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year.

Import of Nickel; Bars, Rods, Profiles and Wire in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany314252251218-11.5%
Italy16193.882.8110-11.9%
Austria8.022.990.351.986.5%
BelgiumN/AN/AN/A24.70%
Others88.261.084.816.2-43.2%
Total571429509421-9.7%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Greece in 2022:

  1. Italy (15.3 tons)
  2. Germany (8.5 tons)
  3. Belgium (2.7 tons)
  4. Austria (1.4 tons)

Exports of Nickel; Bars, Rods, Profiles and Wire in Greece

In 2022, overseas shipments of nickel; bars, rods, profiles and wires decreased by -97.5% to 2 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 1,000%.

In value terms, exports of nickel; bars, rods, profiles and wires fell rapidly to $177 in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 5,508%. As a result, the exports attained the peak of $15K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Nickel; Bars, Rods, Profiles and Wire in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.3N/AN/A0.2-12.6%
ItalyN/AN/A8.3N/A0%
MoroccoN/A15.0N/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.315.08.30.2-12.6%

Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Greece in 2022:

  1. Germany (2.0 kg)

Source: IndexBox Market Intelligence Platform

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