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

Contents:

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

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

The average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $42,697 per ton in 2022, declining by -22.3% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 78%. As a result, import price attained the peak level of $95,456 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Kazakhstan ($179,892 per ton), while the price for the UK ($18,134 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+130.5%), 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 Russia (FOB) - 2022

The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $19,718 per ton in 2022, reducing by -66.4% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 330% against the previous year. Over the period under review, the average export prices hit record highs at $58,607 per ton in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($173,555 per ton), while the average price for exports to Kazakhstan ($5,061 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 India (+14.0%), 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 Russia

Imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s into Russia fell modestly to 144 tons in 2022, reducing by -1.6% against 2021. Overall, imports saw a abrupt decrease.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s declined sharply to $6.2M in 2022. In general, imports recorded a abrupt contraction. The smallest decline of -0.3% was in 2021.

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

1. China (64.8 tons)
2. Germany (36.0 tons)
3. Poland (16.0 tons)
4. United Kingdom (12.6 tons)
5. South Korea (4.6 tons)
6. Kazakhstan (2.9 tons)
7. France (2.1 tons)
8. Italy (1.7 tons)
9. United States (0.2 tons)

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

In 2022, approx. 76 tons of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Russia; with an increase of 128% on the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s reduced sharply to $1.5M in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 260%. As a result, the exports attained the peak of $1.9M, and then contracted notably in the following year.

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

1. Kazakhstan (58.1 tons)
2. China (12.6 tons)
3. Estonia (4.0 tons)
4. India (0.8 tons)

Source: IndexBox Market Intelligence Platform