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

Contents:

1. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ireland (CIF) - 2022
2. Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ireland (FOB) - 2023
3. Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ireland
4. Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Ireland

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

In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $102,283 per ton, increasing by 23% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 137% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($538,081 per ton), while the price for Italy ($12,311 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $229K per ton in August 2023, falling by -45% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 814% month-to-month. As a result, the export price attained the peak level of $435K per ton. From April 2023 to August 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Singapore ($1.7M per ton), while the average price for exports to Norway ($39,977 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 Singapore (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 133 tons of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into Ireland; which is down by -12.8% on the year before. Overall, imports faced a sharp reduction. The smallest decline of -8.4% was in 2020.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s expanded notably to $14M in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 98% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United Kingdom (37.9 tons)
2. Italy (36.6 tons)
3. China (22.4 tons)
4. United States (15.3 tons)
5. Germany (12.8 tons)
6. Poland (6.3 tons)

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

In 2022, approx. 4 tons of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Ireland; picking up by 116% compared with 2021. Overall, exports, however, continue to indicate a pronounced downturn.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s surged to $1.1M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (3184.0 kg)
2. Norway (258.0 kg)
3. Germany (103.0 kg)
4. Peru (103.0 kg)
5. United States (75.0 kg)
6. Italy (43.0 kg)
7. Netherlands (21.0 kg)

Source: IndexBox Market Intelligence Platform