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

Contents:

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

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

In 2022, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $93,992 per ton, picking up by 15% against the previous year. Over the period under review, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($113,460 per ton), while the price for Poland ($77,130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+102.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for nickel; tubes and pipes, of nickel alloyses amounted to $114,952 per ton, which is down by -34.6% against the previous year. Overall, the export price recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 a decrease of -27.1% against the previous year. The export price peaked at $684,000 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -30.0% per year.

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

In 2022, supplies from abroad of nickel; tubes and pipes, of nickel alloyses decreased by -43.4% to 1.4 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 49%.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses fell dramatically to $130K in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 78%. As a result, imports attained the peak of $199K, and then reduced remarkably in the following year.

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

1. Netherlands (844.0 kg)
2. Poland (430.0 kg)
3. Germany (100.0 kg)

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

In 2022, shipments abroad of nickel; tubes and pipes, of nickel alloyses was finally on the rise to reach 145 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $17K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (145.0 kg)

Source: IndexBox Market Intelligence Platform