Price for Nickel; Tubes and Pipes, of Nickel Alloys in Azerbaijan - 2024

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Azerbaijan (CIF) - 2022

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $56,927 per ton in 2022, increasing by 1.6% against the previous year. Over the period under review, import price indicated a perceptible increase from 2013 to 2022: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; tubes and pipes, of nickel alloyses decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 67%. As a result, import price attained the peak level of $68,847 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($85,080 per ton), while the price for Turkey ($5,012 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $101,000 per ton in 2021, with an increase of 405% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2016 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

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

In 2022, overseas purchases of nickel; tubes and pipes, of nickel alloyses were finally on the rise to reach 40 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $2.3M in 2022. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nickel; Tubes and Pipes, of Nickel Alloys in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	691	334	119	871	8.0%
United Kingdom	402	530	185	626	15.9%
United States	299	33.4	39.1	542	21.9%
Netherlands	31.4	31.3	27.6	96.7	45.5%
United Arab Emirates	5.5	12.5	12.8	57.7	118.9%
Turkey	10.5	5.9	2.4	5.1	-21.4%
Others	36.5	123	54.4	103	41.3%
Total	1,476	1,070	441	2,301	16.0%

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

Germany (17.8 tons)
United Kingdom (7.4 tons)
United States (7.1 tons)
United Arab Emirates (4.5 tons)
Netherlands (1.7 tons)
Turkey (1.0 tons)

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

Exports of nickel; tubes and pipes, of nickel alloyses from Azerbaijan totaled 1 kg in 2021, therefore, remained relatively stable against 2020 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses surged to $101 in 2021. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.