Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey (CIF) - 2023
- Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey
- Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey
Price for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey (CIF) - 2023
In November 2023, the average import price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $60,668 per ton, remaining stable against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in February 2023 an increase of 72% against the previous month. As a result, import price attained the peak level of $84,712 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($60,700 per ton), while the price for the United States amounted to $60,451 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), 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 Turkey (FOB) - 2022
In 2022, the average export price for nickel; plates, sheets, strip and foil, of nickel alloyses amounted to $31,292 per ton, picking up by 6.2% against the previous year. Overall, the export price recorded a temperate expansion. The pace of growth was the most pronounced in 2015 an increase of 495%. The export price peaked at $42,218 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($67,861 per ton), while the average price for exports to Sudan ($4,371 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 Bulgaria (+105.2%), 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 Turkey
In 2022, purchases abroad of nickel; plates, sheets, strip and foil, of nickel alloyses decreased by -1.5% to 282 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 24%. As a result, imports attained the peak of 349 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of nickel; plates, sheets, strip and foil, of nickel alloyses soared to $13M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 9.9 | 4.9 | 8.3 | 15.4% |
| Germany | 3.2 | 3.0 | 3.9 | 3.2 | 0.0% |
| France | 0.1 | 0.2 | 0.9 | 0.3 | 44.2% |
| Sweden | N/A | N/A | N/A | 0.3 | 0% |
| Japan | 0.1 | 0.1 | 1.0 | 0.2 | 26.0% |
| United Kingdom | 1.1 | 0.1 | N/A | 0.1 | -55.0% |
| China | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| Total | 10.3 | 13.6 | 10.9 | 12.9 | 7.8% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys to Turkey in 2022:
- United States (148.3 tons)
- Germany (99.1 tons)
- France (9.5 tons)
- Sweden (6.2 tons)
- China (4.5 tons)
- Japan (3.2 tons)
- United Kingdom (2.2 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey
In 2022, exports of nickel; plates, sheets, strip and foil, of nickel alloyses from Turkey skyrocketed to 8.6 tons, with an increase of 80% compared with the previous year. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 680% against the previous year. As a result, the exports reached the peak of 23 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of nickel; plates, sheets, strip and foil, of nickel alloyses surged to $270K in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 225% against the previous year. As a result, the exports attained the peak of $343K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 45.1 | 48.7 | 66.0 | 132 | 43.0% |
| United States | 43.1 | 32.6 | 36.7 | 49.9 | 5.0% |
| Russia | N/A | N/A | N/A | 44.3 | 0% |
| Morocco | N/A | 11.4 | N/A | 14.4 | 12.4% |
| Romania | N/A | N/A | N/A | 12.7 | 0% |
| Bulgaria | 5.6 | 12.3 | 17.7 | 12.3 | 30.0% |
| Sudan | N/A | N/A | N/A | 0.7 | 0% |
| Azerbaijan | N/A | 102 | 12.5 | N/A | -87.7% |
| India | N/A | 84.9 | N/A | N/A | 0% |
| Others | 11.6 | 51.1 | 8.5 | 3.5 | -32.9% |
| Total | 105 | 343 | 141 | 270 | 37.0% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil, of Nickel Alloys from Turkey in 2022:
- Romania (2.5 tons)
- Iran (2.2 tons)
- United States (2.1 tons)
- Russia (0.7 tons)
- Morocco (0.6 tons)
- Sudan (0.2 tons)
- Bulgaria (0.2 tons)
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