Price for Nickel; Unwrought, Not Alloyed in Turkey - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Turkey (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Turkey (FOB) - 2023
- Imports of Nickel; Unwrought, Not Alloyed in Turkey
- Exports of Nickel; Unwrought, Not Alloyed in Turkey
Price for Nickel; Unwrought, Not Alloyed in Turkey (CIF) - 2023
In July 2023, the average nickel; unwrought, not alloyed import price amounted to $19,925 per ton, declining by -2.9% against the previous month. In general, the import price saw a slight decrease. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 15% month-to-month. The import price peaked at $27,294 per ton in February 2023; however, from March 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($25,548 per ton), while the price for the UK ($15,270 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 the UK (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Unwrought, Not Alloyed in Turkey (FOB) - 2023
In July 2023, the average nickel; unwrought, not alloyed export price amounted to $22,779 per ton, shrinking by -7.6% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 25% against the previous month. The export price peaked at $27,532 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Australia ($27,549 per ton), while the average price for exports to Iran ($22,590 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 Australia (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Unwrought, Not Alloyed in Turkey
In 2022, the amount of nickel; unwrought, not alloyeds imported into Turkey rose markedly to 7K tons, surging by 7.1% on 2021 figures. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, nickel; unwrought, not alloyed imports skyrocketed to $155M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Not Alloyed in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 25.0 | 23.5 | 24.1 | 53.0 | 28.5% |
| Japan | 19.1 | 27.7 | 39.5 | 41.6 | 29.6% |
| Norway | 12.3 | 14.6 | 26.1 | 27.3 | 30.4% |
| United Kingdom | 1.8 | 1.9 | 4.4 | 8.7 | 69.1% |
| South Africa | 8.3 | 6.3 | 5.3 | 6.9 | -6.0% |
| Australia | 1.9 | N/A | 0.5 | 5.8 | 45.1% |
| France | N/A | 1.5 | 0.1 | 5.7 | 94.9% |
| Canada | 6.4 | 2.7 | 1.6 | 0.1 | -75.0% |
| Others | 2.9 | 0.7 | 0.6 | 5.6 | 24.5% |
| Total | 77.7 | 78.9 | 102 | 155 | 25.9% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Turkey in 2022:
- Russia (2163.9 tons)
- Japan (1701.8 tons)
- Norway (1476.9 tons)
- United Kingdom (546.0 tons)
- France (318.1 tons)
- South Africa (287.0 tons)
- Australia (222.0 tons)
- Canada (4.0 tons)
Exports of Nickel; Unwrought, Not Alloyed in Turkey
In 2022, the amount of nickel; unwrought, not alloyeds exported from Turkey skyrocketed to 1.7K tons, picking up by 16% against 2021 figures. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, nickel; unwrought, not alloyed exports skyrocketed to $37M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Nickel; Unwrought, Not Alloyed in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 9.1 | 13.5 | 21.3 | 28.0 | 45.4% |
| United Arab Emirates | N/A | N/A | N/A | 2.9 | 0% |
| Italy | N/A | N/A | N/A | 2.3 | 0% |
| Uzbekistan | 0.2 | 0.1 | 0.9 | 1.2 | 81.7% |
| Azerbaijan | N/A | 3.4 | N/A | 1.1 | -43.1% |
| Others | 0.5 | 1.1 | 2.0 | 1.2 | 33.9% |
| Total | 9.8 | 18.1 | 24.2 | 36.6 | 55.1% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Turkey in 2022:
- Iran (1219.2 tons)
- United Arab Emirates (189.3 tons)
- Italy (120.3 tons)
- Azerbaijan (49.4 tons)
- Uzbekistan (45.9 tons)
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This report provides an in-depth analysis of the nickel market in Turkey.
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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 Turkey.
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This report provides an in-depth analysis of the nickel market in Turkey.
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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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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.
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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.
1176
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...
800
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...
992
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%
