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

Contents:

1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Belgium (FOB) - 2022
2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Belgium (CIF) - 2022
3. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Belgium
4. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Belgium

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Belgium (FOB) - 2022

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $47,870 per ton in 2022, picking up by 5.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the maximum at $65,527 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($113,388 per ton), while the average price for exports to France ($30,976 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 Qatar (+5.3%), 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 Belgium (CIF) - 2022

In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $37,815 per ton, reducing by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2015 an increase of 55%. As a result, import price reached the peak level of $52,990 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($99,430 per ton), while the price for Spain ($17,746 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), 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 Belgium

In 2022, shipments abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -2.9% to 169 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 188 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s expanded to $8.1M in 2022. The total export value increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 39% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. France (41.9 tons)
2. China (31.2 tons)
3. Cuba (25.8 tons)
4. Netherlands (14.2 tons)
5. India (10.3 tons)
6. South Korea (7.3 tons)
7. Poland (5.8 tons)
8. Italy (5.5 tons)
9. Germany (5.5 tons)
10. Spain (4.5 tons)
11. United Kingdom (3.5 tons)
12. Qatar (1.9 tons)
13. Luxembourg (0.3 tons)

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

In 2022, purchases abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -41.5% to 166 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 284 tons, and then contracted notably in the following year.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s shrank notably to $6.3M in 2022. Overall, imports saw a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports reached the peak of $11M, and then declined sharply in the following year.

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

1. Spain (51.5 tons)
2. Italy (29.8 tons)
3. United Kingdom (29.3 tons)
4. Netherlands (17.3 tons)
5. Germany (16.5 tons)
6. United States (8.0 tons)
7. China (5.7 tons)
8. France (3.7 tons)

Source: IndexBox Market Intelligence Platform