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

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

In September 2023, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $74,553 per ton, surging by 25% against the previous month. In general, import price indicated a temperate expansion from February 2023 to September 2023: its price increased at an average monthly rate of +3.9% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for nickel; tubes and pipes, of nickel alloyses increased by +78.4% against July 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 58% against the previous month. The import price peaked in September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($367K per ton), while the price for the UK ($70,903 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $130,388 per ton in 2022, dropping by -56.3% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49% against the previous year. As a result, the export price attained the peak level of $642,609 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($760,333 per ton), while the average price for exports to Angola ($21,252 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of nickel; tubes and pipes, of nickel alloyses decreased by -19.2% to 209 tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 33%. As a result, imports attained the peak of 334 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses dropped dramatically to $7.2M in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 22%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Nickel; Tubes and Pipes, of Nickel Alloys in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	3.6	7.1	8.0	4.8	10.1%
United States	1.5	1.0	0.2	0.6	-26.3%
Germany	0.3	0.2	0.3	0.6	26.0%
Spain	N/A	0.1	0.1	0.5	123.6%
Italy	0.1	0.1	0.1	0.2	26.0%
Brazil	2.8	0.7	N/A	0.1	-67.1%
Others	0.2	1.3	0.2	0.3	14.5%
Total	8.6	10.5	8.8	7.2	-5.8%

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

United Kingdom (156.7 tons)
Spain (23.6 tons)
Germany (11.5 tons)
Brazil (5.2 tons)
Italy (4.4 tons)
United States (2.1 tons)

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

In 2022, shipments abroad of nickel; tubes and pipes, of nickel alloyses was finally on the rise to reach 2.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic contraction.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses contracted notably to $370K in 2022. Overall, exports, however, continue to indicate a sharp decrease. The smallest decline of -13.3% was in 2020.

Export of Nickel; Tubes and Pipes, of Nickel Alloys in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1.5	8.6	3.1	93.4	296.4%
Brazil	N/A	N/A	22.6	49.9	120.8%
United States	N/A	5.5	0.4	47.3	193.3%
United Kingdom	135	249	5.3	42.7	-31.9%
Germany	67.6	48.6	3.4	41.6	-14.9%
Thailand	58.4	152	66.7	34.9	-15.8%
Angola	N/A	N/A	1.3	14.3	1000.0%
Italy	253	12.9	2.2	12.6	-63.2%
United Arab Emirates	89.9	344	N/A	11.4	-49.8%
Denmark	9.5	8.4	1.4	10.8	4.4%
Singapore	757	852	362	2.3	-85.5%
Vietnam	502	N/A	N/A	N/A	0%
Others	72.2	7.2	15.0	8.3	-51.4%
Total	1,947	1,688	483	370	-42.5%