Price for Nickel; Bars, Rods, Profiles and Wire in Norway - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Norway (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Norway (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Norway
- Exports of Nickel; Bars, Rods, Profiles and Wire in Norway
Price for Nickel; Bars, Rods, Profiles and Wire in Norway (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $39,232 per ton in 2022, with an increase of 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
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 ($57,168 per ton), while the price for Germany ($29,117 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Norway (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $41,142 per ton in 2022, with an increase of 62% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $55,680 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($62,197 per ton), while the average price for exports to the Netherlands ($26,652 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Norway
In 2022, purchases abroad of nickel; bars, rods, profiles and wires was finally on the rise to reach 346 tons after two years of decline. Overall, imports, however, saw a deep reduction.
In value terms, imports of nickel; bars, rods, profiles and wires surged to $14M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline.
| Import of Nickel; Bars, Rods, Profiles and Wire in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.9 | 7.5 | 1.9 | 5.1 | -13.6% |
| Germany | 2.9 | 2.4 | 1.7 | 2.8 | -1.2% |
| Austria | 0.7 | 1.9 | 1.2 | 2.6 | 54.9% |
| United Kingdom | 4.2 | 2.7 | 1.3 | 1.7 | -26.0% |
| United States | 0.3 | 0.4 | 0.7 | 0.8 | 38.7% |
| Netherlands | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Sweden | 0.5 | 0.7 | 0.1 | 0.1 | -41.5% |
| Others | 0.2 | 0.7 | 0.3 | 0.4 | 26.0% |
| Total | 16.7 | 16.3 | 7.2 | 13.6 | -6.6% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Norway in 2022:
- Italy (134.4 tons)
- Germany (95.9 tons)
- Austria (44.8 tons)
- United Kingdom (40.3 tons)
- United States (13.6 tons)
- Netherlands (5.6 tons)
- Sweden (1.8 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Norway
In 2022, exports of nickel; bars, rods, profiles and wires from Norway expanded modestly to 80 tons, surging by 3% on the previous year's figure. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 174% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of nickel; bars, rods, profiles and wires skyrocketed to $3.3M in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 171% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Nickel; Bars, Rods, Profiles and Wire in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 102 | 6.4 | 3.3 | 2,060 | 172.3% |
| United Kingdom | 54.5 | 317 | 1,615 | 809 | 145.8% |
| Poland | 175 | 68.8 | 179 | 144 | -6.3% |
| Spain | 36.4 | 6.8 | N/A | 51.5 | 12.3% |
| Netherlands | 61.5 | N/A | N/A | 47.7 | -8.1% |
| Finland | N/A | N/A | N/A | 42.4 | 0% |
| United Arab Emirates | 156 | 64.2 | 14.0 | 18.9 | -50.5% |
| Germany | 213 | 19.1 | 8.0 | 5.8 | -69.9% |
| Italy | 346 | 54.6 | 2.0 | N/A | -92.4% |
| Others | 105 | 192 | 158 | 120 | 4.6% |
| Total | 1,249 | 730 | 1,979 | 3,299 | 38.2% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Norway in 2022:
- Denmark (41.6 tons)
- United Kingdom (28.8 tons)
- Poland (3.2 tons)
- Netherlands (1.8 tons)
- Finland (1.6 tons)
- Spain (1.0 tons)
- United Arab Emirates (0.3 tons)
- Germany (0.1 tons)
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