Price for Nickel; Unwrought, Not Alloyed in Portugal - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Portugal (CIF) - 2023
- Imports of Nickel; Unwrought, Not Alloyed in Portugal
Price for Nickel; Unwrought, Not Alloyed in Portugal (CIF) - 2023
The average nickel; unwrought, not alloyed import price stood at $24,288 per ton in July 2023, shrinking by -6.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 14% against the previous month. The import price peaked at $28,081 per ton in April 2023; however, from May 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 countries with the highest prices were Germany ($24,833 per ton) and Spain ($24,172 per ton), while the price for Italy ($22,335 per ton) and France ($22,745 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 Italy (+0.9%), while the prices for the other major suppliers experienced a decline.
Imports of Nickel; Unwrought, Not Alloyed in Portugal
In 2022, imports of nickel; unwrought, not alloyeds into Portugal declined to 268 tons, reducing by -10.4% on 2021. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 7.5% against the previous year.
In value terms, nickel; unwrought, not alloyed imports skyrocketed to $6.7M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +68.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30% 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.8 | 2.2 | 3.2 | 3.0 | 2.3% |
| Germany | 1.2 | 1.3 | 1.3 | 2.4 | 26.0% |
| Italy | 0.5 | 0.2 | 0.6 | 1.1 | 30.1% |
| France | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 4.7 | 4.0 | 5.2 | 6.7 | 12.5% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Portugal in 2022:
- Spain (125.3 tons)
- Germany (89.1 tons)
- Italy (43.8 tons)
- France (10.1 tons)
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This report provides an in-depth analysis of the nickel market in Portugal.
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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 Portugal.
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This report provides an in-depth analysis of the nickel market in Portugal.
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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...
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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.
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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...
816
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...
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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%
