Price for Nickel; Unwrought, Not Alloyed in Belgium - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Belgium (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Belgium (FOB) - 2023
- Imports of Nickel; Unwrought, Not Alloyed in Belgium
- Exports of Nickel; Unwrought, Not Alloyed in Belgium
Price for Nickel; Unwrought, Not Alloyed in Belgium (CIF) - 2023
The average nickel; unwrought, not alloyed import price stood at $13,591 per ton in July 2023, reducing by -30.7% against the previous month. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in September 2022 an increase of 89% month-to-month. Over the period under review, average import prices reached the peak figure at $31,850 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Canada ($24,840 per ton), while the price for Germany ($2,606 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in Belgium (FOB) - 2023
The average nickel; unwrought, not alloyed export price stood at $24,495 per ton in July 2023, approximately equating the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 14% month-to-month. As a result, the export price attained the peak level of $29,471 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In July 2023, the countries with the highest prices were the UK ($32,226 per ton) and Luxembourg ($24,709 per ton), while the average price for exports to France ($23,040 per ton) and India ($23,229 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Unwrought, Not Alloyed in Belgium
In 2022, purchases abroad of nickel; unwrought, not alloyeds decreased by -55.1% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 136%.
In value terms, nickel; unwrought, not alloyed imports contracted significantly to $411M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 136% against the previous year.
| Import of Nickel; Unwrought, Not Alloyed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 67.6 | 184 | 489 | 332 | 70.0% |
| Germany | 4.9 | 9.8 | 22.5 | 14.5 | 43.6% |
| Madagascar | 0.3 | 0.9 | N/A | 11.5 | 237.2% |
| South Africa | 1.5 | 3.7 | 0.5 | 10.9 | 93.7% |
| Luxembourg | 1.7 | 3.0 | 4.6 | 8.0 | 67.6% |
| United Kingdom | 15.6 | 31.9 | 18.2 | 6.8 | -24.2% |
| France | 3.8 | 5.8 | 4.8 | 5.6 | 13.8% |
| Finland | 18.5 | 22.8 | 8.4 | 3.9 | -40.5% |
| Others | 10.6 | 32.0 | 29.8 | 17.9 | 19.1% |
| Total | 125 | 294 | 578 | 411 | 48.7% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Belgium in 2022:
- Netherlands (12.4K tons)
- Germany (0.6K tons)
- Madagascar (0.5K tons)
- South Africa (0.4K tons)
- France (0.4K tons)
- Luxembourg (0.3K tons)
- United Kingdom (0.3K tons)
- Finland (0.2K tons)
Exports of Nickel; Unwrought, Not Alloyed in Belgium
After three years of growth, shipments abroad of nickel; unwrought, not alloyeds decreased by -91% to 1.9K tons in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,439%.
In value terms, nickel; unwrought, not alloyed exports dropped markedly to $48M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,374% against the previous year.
| Export of Nickel; Unwrought, Not Alloyed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 9.2 | 135 | 154 | 20.9 | 31.5% |
| India | 0.3 | 16.8 | 63.0 | 6.9 | 184.4% |
| Germany | 1.4 | 3.2 | 11.0 | 4.9 | 51.8% |
| Netherlands | 0.2 | 2.0 | 1.8 | 4.8 | 188.4% |
| Brazil | N/A | 1.6 | 2.2 | 1.6 | 0.0% |
| Mexico | N/A | N/A | 10.4 | 1.6 | -84.6% |
| United Kingdom | 0.2 | 3.8 | 4.0 | 1.5 | 95.7% |
| Spain | 0.2 | 1.5 | 5.0 | 1.2 | 81.7% |
| Philippines | 0.3 | 14.0 | 25.0 | 0.9 | 44.2% |
| Turkey | N/A | N/A | 15.0 | 0.8 | -94.7% |
| Austria | N/A | 0.1 | N/A | 0.8 | 182.8% |
| United States | N/A | N/A | 34.7 | 0.5 | -98.6% |
| Others | 1.5 | 17.2 | 35.9 | 1.6 | 2.2% |
| Total | 13.3 | 195 | 362 | 48.1 | 53.5% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Belgium in 2022:
- France (791.5 tons)
- India (281.8 tons)
- Germany (207.9 tons)
- Netherlands (158.8 tons)
- United Kingdom (61.7 tons)
- Mexico (58.1 tons)
- Brazil (56.8 tons)
- Spain (51.1 tons)
- United States (43.8 tons)
- Turkey (37.7 tons)
- Philippines (32.0 tons)
- Austria (28.4 tons)
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This report provides an in-depth analysis of the nickel market in Belgium.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Belgium.
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This report provides an in-depth analysis of the nickel market in Belgium.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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