Price for Nickel; Bars, Rods, Profiles and Wire in Mexico - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Mexico (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Mexico (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Mexico
- Exports of Nickel; Bars, Rods, Profiles and Wire in Mexico
Price for Nickel; Bars, Rods, Profiles and Wire in Mexico (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $118,680 per ton, jumping by 54% against the previous year. Overall, the import price recorded buoyant growth. The growth pace was the most rapid in 2021 when the average import price increased by 83%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($146,539 per ton), while the price for Austria ($50,059 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Mexico (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $22,606 per ton, with a decrease of -8.2% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; bars, rods, profiles and wires decreased by -22.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure at $29,191 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.9% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Mexico
After two years of decline, overseas purchases of nickel; bars, rods, profiles and wires increased by 5% to 2K tons in 2022. In general, imports, however, recorded a dramatic setback.
In value terms, imports of nickel; bars, rods, profiles and wires soared to $236M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +65.2% 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 147 | 99.2 | 101 | 179 | 6.8% |
| Sweden | 19.6 | 19.4 | 21.2 | 18.1 | -2.6% |
| India | 1.3 | 1.4 | 4.2 | 9.4 | 93.4% |
| Germany | 5.4 | 4.1 | 5.4 | 8.6 | 16.8% |
| France | 0.8 | 2.9 | 6.0 | 6.4 | 100.0% |
| Italy | 1.6 | 2.7 | 3.4 | 5.7 | 52.7% |
| United Kingdom | 6.3 | 2.8 | 2.6 | 3.5 | -17.8% |
| Austria | 1.7 | 1.6 | 1.3 | 2.4 | 12.2% |
| Brazil | 7.3 | 3.5 | N/A | 2.3 | -32.0% |
| Others | 6.5 | 5.3 | 1.2 | 1.3 | -41.5% |
| Total | 197 | 143 | 146 | 236 | 6.2% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Mexico in 2022:
- United States (1341.4 tons)
- Sweden (254.4 tons)
- India (121.6 tons)
- France (68.6 tons)
- Germany (58.6 tons)
- Austria (47.3 tons)
- Italy (40.9 tons)
- United Kingdom (32.5 tons)
- Brazil (16.7 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Mexico
After three years of growth, overseas shipments of nickel; bars, rods, profiles and wires decreased by -18.2% to 410 tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 88%.
In value terms, exports of nickel; bars, rods, profiles and wires dropped markedly to $9.3M in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 73% against the previous year.
| Export of Nickel; Bars, Rods, Profiles and Wire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 9.4 | 12.3 | 9.3 | 19.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.4 | 9.4 | 12.3 | 9.3 | 19.9% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Mexico in 2022:
- United States (409.6 tons)
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