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

Contents:

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

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Belgium (FOB) - 2023

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $13,782 per ton in August 2023, reducing by -85.6% against the previous month. In general, the export price showed a dramatic setback. The growth pace was the most rapid in May 2023 when the average export price increased by 184% m-o-m. The export price peaked at $124K per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($171K per ton), while the average price for exports to the United Arab Emirates totaled $12,454 per ton.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $41,392 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $53,506 per ton in 2015; however, from 2016 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 the United States ($104,005 per ton), while the price for Spain ($18,871 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of nickel; tubes and pipes, of nickel alloyses decreased by -6% to 105 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 115% against the previous year. As a result, the exports reached the peak of 162 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses expanded modestly to $5.2M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 85%. As a result, the exports attained the peak of $5.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. China (31.2 tons)
2. Cuba (25.8 tons)
3. France (13.1 tons)
4. South Korea (12.6 tons)
5. Germany (5.0 tons)
6. India (3.8 tons)
7. Poland (2.6 tons)
8. Qatar (1.9 tons)
9. Italy (1.4 tons)
10. Singapore (0.9 tons)
11. United Kingdom (0.7 tons)
12. Luxembourg (0.2 tons)

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

After three years of growth, supplies from abroad of nickel; tubes and pipes, of nickel alloyses decreased by -45.5% to 122 tons in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses declined remarkably to $5.1M in 2022. Overall, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 76% against the previous year.

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

1. Spain (46.8 tons)
2. Italy (25.1 tons)
3. Netherlands (14.7 tons)
4. United Kingdom (11.8 tons)
5. France (7.4 tons)
6. United States (6.9 tons)
7. Germany (4.3 tons)
8. China (3.6 tons)

Source: IndexBox Market Intelligence Platform