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

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Canada (CIF) - 2024
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Canada (FOB) - 2024
3. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Canada
4. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Canada

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Canada (CIF) - 2024

In June 2023, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $102K per ton, growing by 66% against the previous month. In general, the import price saw measured growth. The growth pace was the most rapid in March 2023 an increase of 117% against the previous month. As a result, import price attained the peak level of $106K per ton. From April 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($135K per ton), while the price for China ($27,908 per ton) was amongst the lowest.

From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+32.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Canada (FOB) - 2024

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $80,170 per ton in June 2023, falling by -7.9% against the previous month. Overall, the export price, however, enjoyed strong growth. The pace of growth appeared the most rapid in February 2023 an increase of 435% month-to-month. As a result, the export price attained the peak level of $207K per ton. From March 2023 to June 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United States ($159K per ton), while the average price for exports to the UK totaled $38,902 per ton.

From January 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

After two years of decline, purchases abroad of nickel; tubes and pipes, of nickel alloyses increased by 44% to 734 tons in 2022. Overall, imports, however, showed a abrupt descent.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses surged to $47M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (456.6 tons)
2. Sweden (94.6 tons)
3. Italy (48.7 tons)
4. China (45.2 tons)
5. Japan (29.8 tons)
6. Argentina (18.5 tons)
7. United Kingdom (12.5 tons)
8. Germany (2.7 tons)
9. France (1.3 tons)

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

In 2022, the amount of nickel; tubes and pipes, of nickel alloyses exported from Canada declined sharply to 55 tons, reducing by -21.5% against the previous year's figure. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 35%.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses soared to $3.1M in 2022. Overall, exports continue to indicate a significant contraction.

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

1. United States (31.3 tons)
2. Costa Rica (11.1 tons)
3. United Kingdom (4.6 tons)
4. Singapore (3.5 tons)
5. France (1.9 tons)
6. Germany (1.0 tons)

Source: IndexBox Market Intelligence Platform