Price for Nickel; Tubes and Pipes, Not Alloyed in Azerbaijan - 2022

Contents:

1. Price for Nickel; Tubes and Pipes, Not Alloyed in Azerbaijan (CIF) - 2022
2. Imports of Nickel; Tubes and Pipes, Not Alloyed in Azerbaijan

Price for Nickel; Tubes and Pipes, Not Alloyed in Azerbaijan (CIF) - 2022

In 2022, the average import price for nickel; tubes and pipes, not alloyeds amounted to $20,167 per ton, approximately equating the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 132%. The import price peaked at $47,500 per ton in 2019; however, from 2020 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 Japan ($24,000 per ton), while the price for the UK ($8,000 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+64.7%), while the prices for the other major suppliers experienced a decline.

Imports of Nickel; Tubes and Pipes, Not Alloyed in Azerbaijan

In 2022, supplies from abroad of nickel; tubes and pipes, not alloyeds decreased by 0% to 6 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a prominent increase. The smallest decline of 99.9% was in 2020. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of nickel; tubes and pipes, not alloyeds amounted to $121 in 2022. In general, imports showed a deep reduction. The smallest decline of 99.9% was in 2020.

Top Suppliers of Nickel; Tubes and Pipes, Not Alloyed to Azerbaijan in 2022:

1. Turkey (4.0 kg)
2. Japan (1.0 kg)
3. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform