Price for Nickel; Unwrought, Not Alloyed in Mexico - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Mexico (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Mexico (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Mexico
- Exports of Nickel; Unwrought, Not Alloyed in Mexico
Price for Nickel; Unwrought, Not Alloyed in Mexico (CIF) - 2023
The average nickel; unwrought, not alloyed import price stood at $24,562 per ton in June 2023, reducing by -7.6% against the previous month. Overall, the import price showed a slight downturn. The pace of growth appeared the most rapid in November 2022 an increase of 114% m-o-m. The import price peaked at $33,184 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($27,971 per ton), while the price for Canada totaled $24,306 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Africa (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Unwrought, Not Alloyed in Mexico (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $14,458 per ton, almost unchanged from the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9.5%. Over the period under review, the average export prices attained the maximum at $21,922 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($21,303 per ton), while the average price for exports to the United States amounted to $14,402 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-0.3%).
Imports of Nickel; Unwrought, Not Alloyed in Mexico
After three years of growth, purchases abroad of nickel; unwrought, not alloyeds decreased by -47.2% to 995 tons in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 281% against the previous year.
In value terms, nickel; unwrought, not alloyed imports fell sharply to $27M in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 296%.
| Import of Nickel; Unwrought, Not Alloyed in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.7 | 7.2 | 24.4 | 19.6 | 125.9% |
| United States | 0.1 | 0.4 | 1.8 | 3.3 | 220.8% |
| Norway | 0.5 | 2.2 | 3.9 | 2.4 | 68.7% |
| South Africa | N/A | 0.2 | 0.7 | 1.0 | 123.6% |
| Finland | 0.1 | 0.3 | 0.8 | 0.6 | 81.7% |
| Russia | 0.1 | 0.3 | 0.7 | N/A | 164.6% |
| Netherlands | 0.1 | 0.1 | 0.8 | N/A | 182.8% |
| Others | 0.2 | 0.5 | 2.2 | N/A | 231.7% |
| Total | 2.8 | 11.1 | 35.1 | 27.0 | 112.8% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Mexico in 2022:
- Canada (732.0 tons)
- United States (107.0 tons)
- Norway (88.0 tons)
- South Africa (46.0 tons)
- Finland (21.5 tons)
Exports of Nickel; Unwrought, Not Alloyed in Mexico
In 2022, approx. 4 tons of nickel; unwrought, not alloyeds were exported from Mexico; remaining relatively unchanged against the previous year's figure. Over the period under review, exports continue to indicate a precipitous decline. The smallest decline of 99.9% was in 2021.
In value terms, nickel; unwrought, not alloyed exports stood at $58K in 2022. Overall, exports showed a sharp downturn. The smallest decline of 99.9% was in 2021.
| Export of Nickel; Unwrought, Not Alloyed in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 108 | N/A | 57.5 | -27.0% | |
| El Salvador | 5.9 | N/A | N/A | 0% | |
| Others | 2.1 | N/A | 0.7 | -42.3% | |
| Total | 116 | N/A | 58.2 | -29.2% | |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Mexico in 2022:
- United States (4.0 tons)
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