Price for Nickel; Unwrought, Not Alloyed in Spain - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Spain (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Spain (FOB) - 2023
- Imports of Nickel; Unwrought, Not Alloyed in Spain
- Exports of Nickel; Unwrought, Not Alloyed in Spain
Price for Nickel; Unwrought, Not Alloyed in Spain (CIF) - 2023
In July 2023, the average nickel; unwrought, not alloyed import price amounted to $23,942 per ton, increasing by 13% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 58% m-o-m. As a result, import price reached the peak level of $29,107 per ton. From February 2023 to July 2023, the average import prices remained at a 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 Norway ($26,852 per ton), while the price for Germany ($12,841 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 Finland (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Spain (FOB) - 2023
In July 2023, the average nickel; unwrought, not alloyed export price amounted to $25,265 per ton, which is down by -1.7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 19% against the previous month. As a result, the export price reached the peak level of $31,886 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Morocco ($26,250 per ton), while the average price for exports to Greece ($24,232 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Unwrought, Not Alloyed in Spain
Nickel; unwrought, not alloyed imports into Spain fell slightly to 14K tons in 2022, reducing by -4.7% on 2021. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 12%.
In value terms, nickel; unwrought, not alloyed imports soared to $338M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +88.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Nickel; Unwrought, Not Alloyed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 49.8 | 37.1 | 99.3 | 159 | 47.3% |
| Canada | 34.9 | 25.6 | 56.1 | 63.0 | 21.8% |
| Finland | 20.7 | 20.0 | 17.4 | 23.4 | 4.2% |
| Germany | 5.1 | 6.1 | 11.0 | 23.4 | 66.2% |
| South Africa | 1.2 | N/A | 21.6 | 22.6 | 166.1% |
| Norway | 41.2 | 20.5 | 7.8 | 21.5 | -19.5% |
| Australia | 47.2 | 28.1 | 32.2 | 9.7 | -41.0% |
| Russia | 27.2 | 11.9 | 6.3 | 7.5 | -34.9% |
| Madagascar | 11.6 | 8.0 | N/A | N/A | -31.0% |
| Others | 16.5 | 22.1 | 11.4 | 7.9 | -21.8% |
| Total | 256 | 179 | 263 | 338 | 9.7% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Spain in 2022:
- Netherlands (6.7K tons)
- Canada (2.5K tons)
- Germany (1.3K tons)
- Finland (1.0K tons)
- South Africa (0.9K tons)
- Norway (0.9K tons)
- Australia (0.3K tons)
- Russia (0.3K tons)
Exports of Nickel; Unwrought, Not Alloyed in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of nickel; unwrought, not alloyeds, when their volume decreased by -24.4% to 207 tons. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 3.8% against the previous year.
In value terms, nickel; unwrought, not alloyed exports expanded sharply to $5.4M in 2022. The total export value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Unwrought, Not Alloyed in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2,952 | 2,401 | 3,028 | 3,668 | 7.5% |
| France | N/A | 3.0 | 36.4 | 404 | 1060.5% |
| Germany | N/A | N/A | N/A | 286 | 0% |
| Czech Republic | 493 | 365 | 603 | 276 | -17.6% |
| Italy | N/A | 33.7 | N/A | 233 | 162.9% |
| United Kingdom | 38.5 | 13.1 | 127 | 129 | 49.6% |
| Poland | 350 | 201 | 64.9 | 76.0 | -39.9% |
| India | N/A | N/A | 261 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 340 | N/A | 0% |
| Netherlands | 53.8 | 789 | 273 | N/A | 125.3% |
| Others | 90.5 | 90.3 | 117 | 345 | 56.2% |
| Total | 3,979 | 3,896 | 4,850 | 5,418 | 10.8% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Spain in 2022:
- Portugal (136.0 tons)
- Germany (17.0 tons)
- France (14.6 tons)
- Italy (10.0 tons)
- Czech Republic (10.0 tons)
- United Kingdom (4.5 tons)
- Poland (3.5 tons)
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This report provides an in-depth analysis of the nickel market in Spain.
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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 Spain.
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This report provides an in-depth analysis of the nickel market in Spain.
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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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