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

Contents:

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

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

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $66,221 per ton in August 2023, waning by -1.6% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +4.2%. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 11% month-to-month. As a result, the export price attained the peak level of $67,291 per ton, and then reduced modestly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($573K per ton), while the average price for exports to Bahrain ($21,941 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 Indonesia (+58.3%), 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 Italy (CIF) - 2022

In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $36,142 per ton, growing by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. As a result, import price attained the peak level of $41,344 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($150,735 per ton), while the price for Germany ($28,142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.4%), 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 Italy

In 2022, overseas shipments of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were finally on the rise to reach 2.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a noticeable decline.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $104M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.72.43.014.523.5%
China14.36.77.714.0-0.7%
Germany7.26.68.28.14.0%
India11.74.57.17.2-14.9%
United Arab Emirates8.68.02.45.5-13.8%
United Kingdom3.62.32.14.79.3%
Netherlands3.73.22.74.67.5%
France5.72.94.44.0-11.1%
Egypt0.1N/A1.23.7233.2%
Switzerland1.41.71.43.637.0%
Singapore0.51.72.53.591.3%
ThailandN/A1.66.02.114.6%
Guinea-BissauN/AN/AN/A0.10%
Others31.537.029.628.2-3.6%
Total96.278.878.31042.6%

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

  1. Germany (277.7 tons)
  2. United States (259.5 tons)
  3. China (242.7 tons)
  4. India (212.3 tons)
  5. Egypt (154.0 tons)
  6. Netherlands (124.8 tons)
  7. United Arab Emirates (116.6 tons)
  8. United Kingdom (109.7 tons)
  9. Switzerland (95.0 tons)
  10. France (80.2 tons)
  11. Singapore (77.2 tons)
  12. Guinea-Bissau (74.9 tons)
  13. Thailand (66.6 tons)

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

In 2022, after two years of decline, there was significant growth in purchases abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s, when their volume increased by 8.1% to 1.1K tons. Over the period under review, imports, however, faced a deep slump.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $41M in 2022. In general, imports, however, saw a abrupt setback.

Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany20.517.714.218.2-3.9%
China8.16.32.85.8-10.5%
Netherlands1.51.72.33.735.1%
United States2.52.82.52.95.1%
France6.64.63.02.4-28.6%
Austria0.90.42.91.723.6%
United Kingdom2.42.01.41.5-14.5%
Japan2.94.30.80.8-34.9%
Spain0.71.51.10.84.6%
India3.10.51.30.3-54.1%
Others2.22.82.02.42.9%
Total51.344.534.340.5-7.6%

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

  1. Germany (645.6 tons)
  2. China (183.9 tons)
  3. France (77.3 tons)
  4. Netherlands (58.1 tons)
  5. Austria (46.3 tons)
  6. United Kingdom (20.2 tons)
  7. United States (18.9 tons)
  8. Japan (16.7 tons)
  9. Spain (13.4 tons)
  10. India (12.5 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves) - Italy