Price for Nickel; Tube and Pipe Fittings in Hungary - 2023
Contents:
- Price for Nickel; Tube and Pipe Fittings in Hungary (CIF) - 2022
- Price for Nickel; Tube and Pipe Fittings in Hungary (FOB) - 2022
- Imports of Nickel; Tube and Pipe Fittings in Hungary
- Exports of Nickel; Tube and Pipe Fittings in Hungary
Price for Nickel; Tube and Pipe Fittings in Hungary (CIF) - 2022
In 2022, the average import price for nickel; tube and pipe fittingses amounted to $299,133 per ton, surging by 89% against the previous year. Over the period under review, the import price recorded significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 273%. Over the period under review, average import prices hit record highs at $647,787 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 ($1,537,036 per ton), while the price for China ($35,881 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in Hungary (FOB) - 2022
In 2022, the average export price for nickel; tube and pipe fittingses amounted to $47,603 per ton, dropping by -7.1% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 876%. Over the period under review, the average export prices hit record highs at $51,241 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($137,653 per ton), while the average price for exports to Germany ($12,289 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 China (+51.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Tube and Pipe Fittings in Hungary
Nickel; tube and pipe fittings imports into Hungary surged to 4.7 tons in 2022, rising by 30% on the year before. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 312%. As a result, imports attained the peak of 6.2 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nickel; tube and pipe fittings imports soared to $1.4M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Tube and Pipe Fittings in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 593 | 150 | 203 | 690 | 5.2% |
| Italy | 16.8 | 66.6 | 126 | 495 | 208.9% |
| Germany | 8.1 | 283 | 136 | 18.5 | 31.7% |
| United Kingdom | 1.6 | N/A | 79.4 | 2.7 | 19.1% |
| South Korea | 9.5 | N/A | 0.1 | 0.1 | -78.1% |
| Turkey | N/A | 10.1 | 1.3 | N/A | -87.1% |
| Others | 7.0 | 554 | 23.5 | 188 | 199.5% |
| Total | 636 | 1,064 | 570 | 1,394 | 29.9% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Hungary in 2022:
- Italy (4038.0 kg)
- United States (449.0 kg)
- Germany (72.0 kg)
- United Kingdom (45.0 kg)
- South Korea (2.0 kg)
Exports of Nickel; Tube and Pipe Fittings in Hungary
For the fourth year in a row, Hungary recorded growth in overseas shipments of nickel; tube and pipe fittingses, which increased by 61% to 466 kg in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 974% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, nickel; tube and pipe fittings exports soared to $22K in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 990%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Nickel; Tube and Pipe Fittings in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 13.1 | 0% |
| Germany | N/A | 5.3 | 4.4 | 2.6 | -30.0% |
| Montenegro | N/A | N/A | N/A | 1.3 | 0% |
| Israel | N/A | N/A | N/A | 1.1 | 0% |
| Moldova | N/A | N/A | N/A | 0.7 | 0% |
| Serbia | 0.3 | N/A | N/A | 0.5 | 18.6% |
| France | N/A | N/A | 1.0 | N/A | 0% |
| Others | 0.2 | 0.1 | 9.4 | 2.9 | 143.8% |
| Total | 0.5 | 5.3 | 14.9 | 22.2 | 254.1% |
Top Export Markets for Nickel; Tube and Pipe Fittings from Hungary in 2022:
- Germany (211.0 kg)
- Taiwan (Chinese) (95.0 kg)
- Montenegro (83.0 kg)
- Serbia (30.0 kg)
- Moldova (18.0 kg)
- Israel (15.0 kg)
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