Price for Nickel; Tube and Pipe Fittings in Ireland - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Ireland (CIF) - 2023
2. Price for Nickel; Tube and Pipe Fittings in Ireland (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Ireland
4. Exports of Nickel; Tube and Pipe Fittings in Ireland

Price for Nickel; Tube and Pipe Fittings in Ireland (CIF) - 2023

The average import price for nickel; tube and pipe fittingses stood at $22,084 per ton in July 2023, surging by 93% against the previous month. Overall, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 458% month-to-month. Over the period under review, average import prices reached the peak figure at $364K per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($385K per ton), while the price for Italy ($6,004 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Ireland (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $204,088 per ton, increasing by 33% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 an increase of 238% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($312,615 per ton), while the average price for exports to Italy ($51,149 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 Sweden (+59.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Tube and Pipe Fittings in Ireland

For the third year in a row, Ireland recorded decline in purchases abroad of nickel; tube and pipe fittingses, which decreased by -37.7% to 69 tons in 2022. Over the period under review, imports recorded a precipitous setback. The smallest decline of -14.1% was in 2020.

In value terms, nickel; tube and pipe fittings imports rose sharply to $2.2M in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of $4.4M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Nickel; Tube and Pipe Fittings to Ireland in 2022:

1. United Kingdom (33.6 tons)
2. Italy (20.3 tons)
3. United States (5.5 tons)
4. Poland (4.4 tons)
5. Germany (2.4 tons)
6. Netherlands (2.2 tons)

Exports of Nickel; Tube and Pipe Fittings in Ireland

In 2022, nickel; tube and pipe fittings exports from Ireland skyrocketed to 3.3 tons, picking up by 130% on 2021. Over the period under review, exports, however, saw a deep downturn.

In value terms, nickel; tube and pipe fittings exports skyrocketed to $669K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Tube and Pipe Fittings from Ireland in 2022:

1. United Kingdom (2642.0 kg)
2. Norway (278.0 kg)
3. Germany (233.0 kg)

Source: IndexBox Market Intelligence Platform