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

Contents:

1. Price for Nickel; Tubes and Pipes, Not Alloyed in Russia (CIF) - 2022
2. Price for Nickel; Tubes and Pipes, Not Alloyed in Russia (FOB) - 2022
3. Imports of Nickel; Tubes and Pipes, Not Alloyed in Russia
4. Exports of Nickel; Tubes and Pipes, Not Alloyed in Russia

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

The average import price for nickel; tubes and pipes, not alloyeds stood at $168,048 per ton in 2022, growing by 222% against the previous year. Over the period under review, the import price saw a resilient expansion. The import price peaked at $196,981 per ton in 2013; however, from 2014 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 Kazakhstan ($227,611 per ton), while the price for China stood at $64,766 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tubes and Pipes, Not Alloyed in Russia (FOB) - 2022

In 2022, the average export price for nickel; tubes and pipes, not alloyeds amounted to $14,223 per ton, remaining relatively unchanged against the previous year. Overall, the export price recorded measured growth. The most prominent rate of growth was recorded in 2019 an increase of 4,311% against the previous year. The export price peaked at $600,000 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +4.4% per year.

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

In 2022, purchases abroad of nickel; tubes and pipes, not alloyeds decreased by -75.7% to 3.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 309%. As a result, imports reached the peak of 14 tons, and then reduced rapidly in the following year.

In value terms, imports of nickel; tubes and pipes, not alloyeds dropped dramatically to $589K in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, imports reached the peak of $753K, and then fell dramatically in the following year.

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

1. Kazakhstan (2.2 tons)
2. China (1.3 tons)

Exports of Nickel; Tubes and Pipes, Not Alloyed in Russia

In 2022, the amount of nickel; tubes and pipes, not alloyeds exported from Russia amounted to 18 tons, therefore, remained relatively stable against the previous year's figure. In general, exports saw a significant increase. The smallest decline of -66.7% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of nickel; tubes and pipes, not alloyeds stood at $252K in 2022. Overall, exports posted a significant increase. The smallest decline of -64.7% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

Top Export Markets for Nickel; Tubes and Pipes, Not Alloyed from Russia in 2022:

1. Kazakhstan (17.7 tons)

Source: IndexBox Market Intelligence Platform