Price for Nickel; Bars, Rods, Profiles and Wire in Romania - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Romania (CIF) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Romania (FOB) - 2023
- Imports of Nickel; Bars, Rods, Profiles and Wire in Romania
- Exports of Nickel; Bars, Rods, Profiles and Wire in Romania
Price for Nickel; Bars, Rods, Profiles and Wire in Romania (CIF) - 2023
In August 2023, the average import price for nickel; bars, rods, profiles and wires amounted to $58,718 per ton, picking up by 21% against the previous month. In general, the import price, however, recorded a mild decrease. The import price peaked at $73,074 per ton in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($108K per ton), while the price for India ($30,549 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Romania (FOB) - 2023
The average export price for nickel; bars, rods, profiles and wires stood at $114K per ton in August 2023, with an increase of 17% against the previous month. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 930% month-to-month. The export price peaked at $250K per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was the United States ($538K per ton), while the average price for exports to Turkey ($48,405 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Romania
Imports of nickel; bars, rods, profiles and wires into Romania fell to 813 tons in 2022, with a decrease of -8.7% compared with 2021. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 891 tons, and then declined in the following year.
In value terms, imports of nickel; bars, rods, profiles and wires surged to $41M in 2022. In general, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% 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 +54.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Nickel; Bars, Rods, Profiles and Wire in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.0 | 10.1 | 10.7 | 15.7 | -12.0% |
| Germany | 5.3 | 6.1 | 7.3 | 7.5 | 12.3% |
| France | 1.5 | 2.3 | 3.1 | 6.1 | 59.6% |
| United Kingdom | 4.6 | 6.3 | 5.7 | 4.3 | -2.2% |
| India | N/A | N/A | 1.5 | 3.2 | 113.3% |
| Italy | 0.6 | 0.2 | 0.7 | 1.5 | 35.7% |
| Austria | 0.2 | 0.2 | 0.8 | 0.7 | 51.8% |
| Netherlands | 0.2 | N/A | 1.7 | 0.1 | -20.6% |
| Others | 2.2 | 1.5 | 2.1 | 2.1 | -1.5% |
| Total | 37.5 | 26.7 | 33.6 | 41.2 | 3.2% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Romania in 2022:
- Germany (207.1 tons)
- France (171.5 tons)
- United States (124.7 tons)
- India (103.8 tons)
- United Kingdom (94.4 tons)
- Italy (46.8 tons)
- Austria (17.5 tons)
- Netherlands (2.4 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Romania
Exports of nickel; bars, rods, profiles and wires from Romania soared to 117 tons in 2022, picking up by 206% against the previous year's figure. Overall, exports saw a significant expansion. 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 skyrocketed to $5.2M in 2022. Over the period under review, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,230 | 1,895 | 1,722 | 2,499 | -8.2% |
| United Kingdom | N/A | 3.8 | 244 | 1,167 | 1652.4% |
| China | 128 | 51.0 | 111 | 313 | 34.7% |
| Italy | 186 | 209 | 213 | 292 | 16.2% |
| Taiwan (Chinese) | N/A | N/A | 0.3 | 236 | 78566.7% |
| Dominican Republic | N/A | N/A | 32.5 | 114 | 250.8% |
| France | 15.6 | 50.4 | 31.2 | 102 | 87.0% |
| Serbia | 101 | 63.3 | 50.9 | 38.5 | -27.5% |
| Others | 124 | 72.0 | 173 | 404 | 48.2% |
| Total | 3,785 | 2,345 | 2,577 | 5,166 | 10.9% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Romania in 2022:
- United Kingdom (69.8 tons)
- Italy (13.4 tons)
- China (5.6 tons)
- United States (5.1 tons)
- Taiwan (Chinese) (5.1 tons)
- France (4.0 tons)
- Dominican Republic (2.7 tons)
- Serbia (1.8 tons)
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