Price for Nickel; Unwrought, Not Alloyed in Italy - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Italy (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Italy (FOB) - 2023
- Imports of Nickel; Unwrought, Not Alloyed in Italy
- Exports of Nickel; Unwrought, Not Alloyed in Italy
Price for Nickel; Unwrought, Not Alloyed in Italy (CIF) - 2023
The average nickel; unwrought, not alloyed import price stood at $22,356 per ton in July 2023, declining by -3.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 12% m-o-m. The import price peaked at $27,203 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Germany ($24,151 per ton) and Belgium ($23,793 per ton), while the price for South Africa ($21,821 per ton) and the Netherlands ($22,174 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in Italy (FOB) - 2023
The average nickel; unwrought, not alloyed export price stood at $24,737 per ton in July 2023, dropping by -6.9% against the previous month. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in December 2022 an increase of 9.3% m-o-m. The export price peaked at $30,076 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the countries with the highest prices were Egypt ($26,886 per ton) and Poland ($26,347 per ton), while the average price for exports to the Czech Republic ($21,787 per ton) and Germany ($23,269 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 Turkey (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Unwrought, Not Alloyed in Italy
In 2022, imports of nickel; unwrought, not alloyeds into Italy declined modestly to 33K tons, shrinking by -2.4% compared with 2021. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 34K tons, and then declined modestly in the following year.
In value terms, nickel; unwrought, not alloyed imports surged to $777M in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
Import of Nickel; Unwrought, Not Alloyed in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 211 | 203 | 295 | 530 | 35.9% |
Belgium | 27.7 | 51.3 | 55.2 | 49.2 | 21.1% |
Canada | 49.4 | 31.5 | 67.0 | 48.3 | -0.7% |
South Africa | 45.1 | 40.6 | 68.7 | 41.5 | -2.7% |
Finland | 4.1 | 4.5 | 36.1 | 37.3 | 108.8% |
Slovenia | 2.1 | 10.7 | 16.9 | 17.2 | 101.6% |
Germany | 19.1 | 10.5 | 21.1 | 17.1 | -3.6% |
United Kingdom | 24.9 | 18.5 | 6.1 | 8.2 | -30.9% |
Japan | 18.3 | 13.9 | 19.3 | 6.3 | -29.9% |
Others | 19.3 | 15.3 | 6.2 | 21.9 | 4.3% |
Total | 421 | 400 | 592 | 777 | 22.7% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Italy in 2022:
- Netherlands (22.3K tons)
- South Africa (2.0K tons)
- Belgium (2.0K tons)
- Canada (1.8K tons)
- Finland (1.6K tons)
- Slovenia (1.1K tons)
- Germany (0.7K tons)
- United Kingdom (0.3K tons)
- Japan (0.3K tons)
Exports of Nickel; Unwrought, Not Alloyed in Italy
In 2022, overseas shipments of nickel; unwrought, not alloyeds increased by 60% to 3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt contraction.
In value terms, nickel; unwrought, not alloyed exports surged to $77M in 2022. In general, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Nickel; Unwrought, Not Alloyed in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 2.8 | 3.2 | 0.5 | 20.2 | 93.2% |
Germany | 5.3 | 5.2 | 5.7 | 13.3 | 35.9% |
Turkey | 8.8 | 4.4 | 4.3 | 7.8 | -3.9% |
Egypt | 4.7 | 3.7 | 4.5 | 5.4 | 4.7% |
Czech Republic | 2.9 | 0.9 | 3.5 | 4.3 | 14.0% |
Slovenia | 10.0 | 5.0 | 3.1 | 4.3 | -24.5% |
Argentina | 0.6 | 1.0 | 0.7 | 2.4 | 58.7% |
Romania | 1.4 | 1.3 | 1.2 | 2.3 | 18.0% |
Spain | 1.1 | 3.3 | 1.1 | 2.2 | 26.0% |
Poland | 0.6 | 0.9 | 1.2 | 2.1 | 51.8% |
Malaysia | 0.1 | 0.2 | 0.4 | 1.9 | 166.8% |
France | 2.9 | 0.8 | 1.1 | 1.7 | -16.3% |
Portugal | 0.5 | 0.1 | 0.4 | 1.0 | 26.0% |
Others | 11.0 | 5.3 | 6.8 | 8.0 | -10.1% |
Total | 52.7 | 35.4 | 34.5 | 76.9 | 13.4% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Italy in 2022:
- Austria (805.2 tons)
- Germany (494.4 tons)
- Turkey (280.8 tons)
- Egypt (223.0 tons)
- Czech Republic (160.1 tons)
- Slovenia (159.2 tons)
- Portugal (91.1 tons)
- Argentina (86.8 tons)
- Romania (76.3 tons)
- Poland (72.5 tons)
- Malaysia (70.0 tons)
- Spain (68.0 tons)
- France (61.5 tons)
This report provides an in-depth analysis of the nickel market in Italy.
This report provides an in-depth analysis of the global nickel market.
This report provides an in-depth analysis of the nickel market in Italy.
This report provides an in-depth analysis of the nickel market in Italy.
This report provides an in-depth analysis of the global nickel market.
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.
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...