Price for Nickel; Plates, Sheets, Strip and Foil in the UK - 2024
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in the UK (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil in the UK (FOB) - 2024
- Imports of Nickel; Plates, Sheets, Strip and Foil in the UK
- Exports of Nickel; Plates, Sheets, Strip and Foil in the UK
Price for Nickel; Plates, Sheets, Strip and Foil in the UK (CIF) - 2022
The average import price for nickel; plates, sheets, strip and foils stood at $24,279 per ton in 2022, with an increase of 2.9% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 8.8% against the previous year. Over the period under review, average import prices reached the peak figure at $28,621 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($28,605 per ton), while the price for Ireland ($12,538 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Plates, Sheets, Strip and Foil in the UK (FOB) - 2024
The average export price for nickel; plates, sheets, strip and foils stood at $31,824 per ton in December 2023, waning by -22.2% against the previous month. In general, export price indicated a pronounced increase from January 2023 to December 2023: its price increased at an average monthly rate of +2.3% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for nickel; plates, sheets, strip and foils increased by +11.9% against September 2023 indices. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 53% month-to-month. Over the period under review, the average export prices attained the maximum at $40,907 per ton in November 2023, and then declined significantly in the following month.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the Netherlands ($202K per ton), while the average price for exports to South Korea ($5,944 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Plates, Sheets, Strip and Foil in the UK
In 2022, overseas purchases of nickel; plates, sheets, strip and foils were finally on the rise to reach 3.3K tons after two years of decline. Over the period under review, imports, however, showed a abrupt setback.
In value terms, imports of nickel; plates, sheets, strip and foils surged to $79M in 2022. In general, imports, however, continue to indicate a drastic downturn.
| Import of Nickel; Plates, Sheets, Strip and Foil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.4 | 15.0 | 22.2 | 53.6 | 8.1% |
| Germany | 11.9 | 4.5 | 9.3 | 16.3 | 11.1% |
| Japan | 5.6 | 3.2 | 0.5 | 2.6 | -22.6% |
| France | 1.8 | 1.0 | 0.9 | 2.3 | 8.5% |
| Ireland | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Netherlands | 18.4 | 19.8 | 24.8 | 0.4 | -72.1% |
| Canada | 10.6 | 17.3 | 0.1 | N/A | -90.3% |
| Others | 4.7 | 2.9 | 3.3 | 3.4 | -10.2% |
| Total | 95.3 | 63.6 | 61.2 | 79.4 | -5.9% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to the UK in 2022:
- United States (1875.4 tons)
- Germany (993.9 tons)
- Japan (109.0 tons)
- France (81.8 tons)
- Ireland (63.2 tons)
- Netherlands (23.5 tons)
- Canada (0.2 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in the UK
In 2022, approx. 1.8K tons of nickel; plates, sheets, strip and foils were exported from the UK; jumping by 23% compared with 2021 figures. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +100.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 63%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of nickel; plates, sheets, strip and foils surged to $61M in 2022. Overall, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.7% 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 +71.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Nickel; Plates, Sheets, Strip and Foil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.2 | 2.6 | 21.9 | 20.7 | 86.3% |
| France | 10.8 | 5.8 | 5.1 | 8.7 | -7.0% |
| Italy | 6.9 | 7.1 | 5.9 | 6.5 | -2.0% |
| Sweden | 6.7 | 4.9 | 4.5 | 4.9 | -9.9% |
| United States | 2.1 | 2.5 | 3.5 | 3.4 | 17.4% |
| Netherlands | 4.1 | 2.3 | 2.4 | 2.2 | -18.7% |
| Ireland | 1.8 | 1.7 | 1.1 | 1.8 | 0.0% |
| Switzerland | 1.2 | 1.1 | 0.8 | 1.7 | 12.3% |
| Spain | 3.6 | 1.3 | 1.3 | 1.5 | -25.3% |
| India | 1.2 | 0.6 | 0.9 | 1.3 | 2.7% |
| Turkey | 1.5 | 1.3 | 1.2 | 1.2 | -7.2% |
| China | 8.6 | 0.3 | 0.2 | 0.6 | -58.8% |
| Others | 5.9 | 3.9 | 3.8 | 6.0 | 0.6% |
| Total | 57.6 | 35.3 | 52.6 | 60.6 | 1.7% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from the UK in 2022:
- Germany (755.2 tons)
- Sweden (270.8 tons)
- France (263.7 tons)
- Italy (130.7 tons)
- United States (54.9 tons)
- India (32.1 tons)
- Spain (30.9 tons)
- Switzerland (30.3 tons)
- Turkey (28.8 tons)
- Netherlands (27.1 tons)
- Ireland (25.6 tons)
- China (11.5 tons)
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