Price for Nickel; Unwrought, Not Alloyed in Brazil - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Brazil (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Brazil (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Brazil
- Exports of Nickel; Unwrought, Not Alloyed in Brazil
Price for Nickel; Unwrought, Not Alloyed in Brazil (CIF) - 2023
In September 2023, the average nickel; unwrought, not alloyed import price amounted to $22,420 per ton, reducing by -2.5% against the previous month. In general, the import price showed a mild curtailment. The growth pace was the most rapid in January 2023 an increase of 12% against the previous month. The import price peaked at $31,255 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were the UK ($27,159 per ton) and Norway ($22,733 per ton), while the price for Switzerland ($20,711 per ton) and Russia ($21,519 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Switzerland (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in Brazil (FOB) - 2022
The average nickel; unwrought, not alloyed export price stood at $16,049 per ton in 2022, increasing by 4.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 507% against the previous year. Over the period under review, the average export prices reached the maximum at $96,211 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -0.8% per year.
Imports of Nickel; Unwrought, Not Alloyed in Brazil
Nickel; unwrought, not alloyed imports into Brazil shrank to 6.4K tons in 2022, which is down by -12.4% on 2021. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports attained the peak of 7.3K tons, and then dropped in the following year.
In value terms, nickel; unwrought, not alloyed imports surged to $166M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 112%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Nickel; Unwrought, Not Alloyed in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 23.5 | 36.3 | 76.9 | 82.0 | 51.7% |
| Finland | 11.3 | 10.1 | 9.4 | 24.6 | 29.6% |
| Russia | 28.9 | 8.0 | 14.4 | 20.3 | -11.1% |
| Canada | 9.0 | 6.2 | 18.7 | 13.7 | 15.0% |
| France | 1.0 | 0.7 | 0.5 | 9.5 | 111.8% |
| South Africa | 2.7 | 1.7 | 4.2 | 7.3 | 39.3% |
| Japan | 2.2 | 0.8 | 4.5 | 2.9 | 9.6% |
| Others | 4.7 | 1.4 | 9.4 | 6.0 | 8.5% |
| Total | 83.2 | 65.2 | 138 | 166 | 25.9% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Brazil in 2022:
- Norway (3040.0 tons)
- Finland (915.7 tons)
- Russia (878.5 tons)
- Canada (532.0 tons)
- France (386.8 tons)
- South Africa (281.3 tons)
- Japan (129.2 tons)
Exports of Nickel; Unwrought, Not Alloyed in Brazil
In 2022, approx. 77 tons of nickel; unwrought, not alloyeds were exported from Brazil; jumping by 158% compared with 2021 figures. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 859% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, nickel; unwrought, not alloyed exports skyrocketed to $1.2M in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 257%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | N/A | 6.2 | 411 | 1,059 | 1206.9% |
| Uruguay | 141 | 78.2 | N/A | 137 | -1.0% |
| Paraguay | 17.7 | 40.2 | 39.0 | 29.6 | 18.7% |
| Others | 3.3 | 2.8 | 4.5 | 3.2 | -1.0% |
| Total | 162 | 127 | 454 | 1,229 | 96.5% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Brazil in 2022:
- Argentina (74.8 tons)
- Paraguay (0.9 tons)
- Uruguay (0.6 tons)
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This report provides an in-depth analysis of the nickel market in Brazil.
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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 Brazil.
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This report provides an in-depth analysis of the nickel market in Brazil.
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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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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
993
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
60
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1177
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
803
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
993
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
