Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK (FOB) - 2023
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK (CIF) - 2022
The average import price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $33,196 per ton in 2022, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 the United States ($38,632 per ton), while the price for the Netherlands ($20,118 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK (FOB) - 2023
The average export price for nickel; plates, sheets, strip and foil, of nickel alloyses stood at $41,257 per ton in November 2023, surging by 45% against the previous month. Overall, export price indicated noticeable growth from November 2022 to November 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for nickel; plates, sheets, strip and foil, of nickel alloyses increased by +44.5% against October 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 53% month-to-month. The export price peaked in November 2023.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the Netherlands ($121K per ton), while the average price for exports to Spain ($9,827 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK
In 2022, purchases abroad of nickel; plates, sheets, strip and foil, of nickel alloyses increased by 96% to 2.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $74M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.0 | 14.7 | 21.8 | 53.2 | 8.2% |
| Germany | 10.8 | 4.3 | 7.5 | 13.6 | 8.0% |
| France | 1.1 | 0.8 | 0.8 | 1.8 | 17.8% |
| Japan | 4.9 | 2.9 | 0.4 | 1.8 | -28.4% |
| Italy | 1.7 | 0.6 | 0.9 | 0.1 | -61.1% |
| Canada | 10.6 | 17.3 | N/A | N/A | 63.2% |
| Others | 2.7 | 1.6 | 2.2 | 3.5 | 9.0% |
| Total | 73.9 | 42.2 | 33.6 | 73.9 | 0.0% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to the UK in 2022:
- United States (1376.4 tons)
- Germany (658.1 tons)
- Japan (55.0 tons)
- France (48.5 tons)
- Italy (3.6 tons)
- Canada (0.2 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK
Exports of nickel; plates, sheets, strip and foil, of nickel alloyses from the UK expanded remarkably to 1.6K tons in 2022, picking up by 14% compared with the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $58M in 2022. Over the period under review, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 2.5 | 21.1 | 19.9 | 87.9% |
| France | 10.3 | 5.7 | 5.1 | 8.6 | -5.8% |
| Italy | 6.7 | 7.1 | 5.4 | 6.4 | -1.5% |
| Sweden | 6.7 | 5.0 | 4.5 | 4.5 | -12.4% |
| United States | 1.5 | 1.9 | 3.0 | 2.5 | 18.6% |
| Netherlands | 4.1 | 2.3 | 2.3 | 2.2 | -18.7% |
| Switzerland | 1.1 | 1.0 | 0.7 | 1.6 | 13.3% |
| Spain | 3.6 | 1.3 | 1.2 | 1.5 | -25.3% |
| India | 1.1 | 0.5 | 0.8 | 1.3 | 5.7% |
| Turkey | 1.5 | 1.3 | 1.2 | 1.2 | -7.2% |
| China | 8.7 | 0.3 | 0.2 | 0.6 | -59.0% |
| Others | 5.5 | 3.9 | 4.4 | 7.2 | 9.4% |
| Total | 53.9 | 32.7 | 49.9 | 57.6 | 2.2% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from the UK in 2022:
- Germany (567.0 tons)
- Sweden (267.5 tons)
- France (263.2 tons)
- Italy (126.9 tons)
- United States (46.8 tons)
- India (31.6 tons)
- Spain (30.9 tons)
- Switzerland (29.1 tons)
- Turkey (28.8 tons)
- Netherlands (26.4 tons)
- China (11.4 tons)
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