Price for Nickel; Tubes and Pipes, of Nickel Alloys in Austria - 2023

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Austria (FOB) - 2022
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Austria (CIF) - 2023
3. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Austria
4. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Austria

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Austria (FOB) - 2022

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $40,472 per ton in 2022, surging by 16% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; tubes and pipes, of nickel alloyses increased by +39.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 102%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($62,956 per ton), while the average price for exports to the UK ($27,185 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 Hong Kong SAR (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Austria (CIF) - 2023

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $84,105 per ton in August 2023, picking up by 17% against the previous month. Overall, import price indicated a strong increase from December 2022 to August 2023: its price increased at an average monthly rate of +5.3% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for nickel; tubes and pipes, of nickel alloyses increased by +84.3% against May 2023 indices. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 29% month-to-month. Over the period under review, average import prices hit record highs at $103K per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($147K per ton), while the price for China totaled $74,749 per ton.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Austria

After three years of growth, overseas shipments of nickel; tubes and pipes, of nickel alloyses decreased by -29.6% to 283 tons in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 506% against the previous year. As a result, the exports reached the peak of 401 tons, and then fell dramatically in the following year.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses dropped notably to $11M in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 521%. As a result, the exports attained the peak of $14M, and then dropped significantly in the following year.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Austria in 2022:

1. United States (92.8 tons)
2. Italy (73.1 tons)
3. Spain (45.3 tons)
4. Germany (31.0 tons)
5. Malaysia (13.1 tons)
6. United Arab Emirates (10.1 tons)
7. United Kingdom (7.8 tons)
8. China (2.6 tons)
9. Czech Republic (2.1 tons)

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Austria

In 2022, purchases abroad of nickel; tubes and pipes, of nickel alloyses was finally on the rise to reach 92 tons after two years of decline. In general, imports, however, showed a abrupt setback.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses soared to $4.4M in 2022. Overall, imports, however, saw a relatively flat trend pattern.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Austria in 2022:

1. Germany (72.3 tons)
2. Spain (9.9 tons)
3. United Kingdom (4.6 tons)
4. Netherlands (2.2 tons)
5. United States (1.1 tons)

Source: IndexBox Market Intelligence Platform