Price for Nickel; Tubes and Pipes, Not Alloyed in the UK - 2024

Contents:

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

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

The average export price for nickel; tubes and pipes, not alloyeds stood at $48,958 per ton in 2022, with an increase of 23% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. The export price peaked at $49,901 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($60,421 per ton), while the average price for exports to France ($33,511 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 Saudi Arabia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for nickel; tubes and pipes, not alloyeds amounted to $48,147 per ton, which is down by -3.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 70% against the previous year. Over the period under review, average import prices hit record highs at $76,712 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($69,041 per ton), while the price for China ($21,184 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tubes and Pipes, Not Alloyed in the UK

In 2022, overseas shipments of nickel; tubes and pipes, not alloyeds were finally on the rise to reach 84 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes and pipes, not alloyeds surged to $4.1M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.6% 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 +90.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (30.1 tons)
2. China (17.8 tons)
3. Australia (9.5 tons)
4. Netherlands (8.4 tons)
5. Germany (3.7 tons)
6. India (3.2 tons)
7. South Korea (3.1 tons)
8. France (2.4 tons)
9. Japan (1.1 tons)
10. Switzerland (1.1 tons)
11. Sweden (0.5 tons)
12. Ireland (0.5 tons)
13. Saudi Arabia (0.1 tons)

Imports of Nickel; Tubes and Pipes, Not Alloyed in the UK

After three years of growth, supplies from abroad of nickel; tubes and pipes, not alloyeds decreased by -81.5% to 13 tons in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 502% against the previous year. As a result, imports attained the peak of 70 tons, and then declined markedly in the following year.

In value terms, imports of nickel; tubes and pipes, not alloyeds contracted dramatically to $623K in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 925% against the previous year. As a result, imports attained the peak of $3.5M, and then reduced remarkably in the following year.

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

1. Italy (6.0 tons)
2. Germany (3.6 tons)
3. Sweden (1.2 tons)
4. United States (1.1 tons)
5. China (0.8 tons)

Source: IndexBox Market Intelligence Platform