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

Contents:

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

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

In August 2023, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $85,799 per ton, standing approximately at the previous month. In general, import price indicated a buoyant expansion from November 2022 to August 2023: its price increased at an average monthly rate of +5.4% over the last nine-month period. 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 decreased by -3.8% against June 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 27% month-to-month. The import price peaked at $89,209 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From November 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +7.2% per month.

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

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $53,142 per ton in 2022, with an increase of 11% against the previous year. Overall, the export price showed a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 265%. As a result, the export price attained the peak level of $64,555 per ton. From 2020 to 2022, the average export prices remained at a 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 Brazil ($54,765 per ton), while the average price for exports to Italy ($19,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of nickel; tubes and pipes, of nickel alloyses imported into Bulgaria shrank notably to 36 tons, waning by -33.8% compared with the previous year's figure. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of 54 tons, and then dropped remarkably in the following year.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses plummeted to $1.7M in 2022. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 67%. As a result, imports reached the peak of $2.5M, and then reduced markedly in the following year.

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

1. Germany (31.4 tons)
2. Italy (2.6 tons)
3. China (1.3 tons)

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

In 2022, approx. 537 kg of nickel; tubes and pipes, of nickel alloyses were exported from Bulgaria; picking up by 26% on the previous year. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 425%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $29K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,346%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Brazil (498.0 kg)
2. Netherlands (22.0 kg)
3. Canada (16.0 kg)
4. Italy (1.0 kg)

Source: IndexBox Market Intelligence Platform