Price for Nickel; Waste and Scrap in Estonia - 2023

Contents:

1. Price for Nickel; Waste and Scrap in Estonia (CIF) - 2023
2. Price for Nickel; Waste and Scrap in Estonia (FOB) - 2023
3. Imports of Nickel; Waste and Scrap in Estonia
4. Exports of Nickel; Waste and Scrap in Estonia

Price for Nickel; Waste and Scrap in Estonia (CIF) - 2023

The average nickel; waste and scrap import price stood at $8,710 per ton in September 2023, with an increase of 2.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 11% month-to-month. The import price peaked at $9,006 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From December 2022 to September 2023, the rate of growth in terms of prices for Russia amounted to +0.1% per month.

Price for Nickel; Waste and Scrap in Estonia (FOB) - 2023

In December 2023, the average nickel; waste and scrap export price amounted to $6,206 per ton, declining by -15.2% against the previous month. Over the period under review, the export price saw a noticeable shrinkage. The growth pace was the most rapid in February 2023 an increase of 28% m-o-m. As a result, the export price attained the peak level of $10,981 per ton. From March 2023 to December 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($8,686 per ton), while the average price for exports to Latvia amounted to $3,456 per ton.

From January 2023 to December 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 a decline.

Imports of Nickel; Waste and Scrap in Estonia

In 2022, nickel; waste and scrap imports into Estonia skyrocketed to 449 tons, rising by 18% on 2021 figures. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 271% against the previous year. As a result, imports reached the peak of 533 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nickel; waste and scrap imports skyrocketed to $4.5M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 227% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Nickel; Waste and Scrap to Estonia in 2022:

1. Russia (408.6 tons)
2. Kyrgyzstan (40.0 tons)

Exports of Nickel; Waste and Scrap in Estonia

In 2022, shipments abroad of nickel; waste and scraps decreased by -23.5% to 503 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 543% against the previous year.

In value terms, nickel; waste and scrap exports shrank dramatically to $3.9M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 465%.

Top Export Markets for Nickel; Waste and Scrap from Estonia in 2022:

1. Germany (462.6 tons)
2. Latvia (21.3 tons)
3. United Kingdom (9.7 tons)
4. United States (9.5 tons)

Source: IndexBox Market Intelligence Platform