Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria - 2023

Contents:

1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria (FOB) - 2023
2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria (CIF) - 2023
3. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria
4. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria (FOB) - 2023

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $81,841 per ton in August 2023, declining by -58.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 122% m-o-m. Over the period under review, the average export prices reached the peak figure at $196K per ton in July 2023, and then declined notably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was China ($239K per ton), while the average price for exports to Serbia ($9,968 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+70.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria (CIF) - 2023

The average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $88,792 per ton in August 2023, increasing by 24% against the previous month. Overall, import price indicated a buoyant increase from December 2022 to August 2023: its price increased at an average monthly rate of +5.8% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s increased by +85.8% against May 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 64% against the previous month. As a result, import price attained the peak level of $108K per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($226K per ton), while the price for China ($74,749 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+323.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria

In 2022, after three years of growth, there was significant decline in shipments abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s, when their volume decreased by -50.4% to 298 tons. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 141%. As a result, the exports attained the peak of 601 tons, and then reduced rapidly in the following year.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s dropped remarkably to $13M in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year. As a result, the exports reached the peak of $17M, and then fell remarkably in the following year.

Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Austria in 2022:

1. United States (92.7 tons)
2. Italy (73.1 tons)
3. Spain (45.3 tons)
4. Germany (33.3 tons)
5. Malaysia (13.1 tons)
6. Poland (11.5 tons)
7. United Kingdom (8.1 tons)
8. United Arab Emirates (5.4 tons)
9. Saudi Arabia (3.8 tons)
10. Czech Republic (2.1 tons)

Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Austria

In 2022, overseas purchases of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were finally on the rise to reach 104 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep reduction.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $5.2M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Austria in 2022:

1. Germany (80.2 tons)
2. Spain (9.9 tons)
3. United Kingdom (6.9 tons)
4. Netherlands (2.4 tons)
5. United States (0.9 tons)
6. Italy (0.5 tons)

Source: IndexBox Market Intelligence Platform