Price for Nickel; Waste and Scrap in Italy - 2023
Contents:
- Price for Nickel; Waste and Scrap in Italy (FOB) - 2023
- Price for Nickel; Waste and Scrap in Italy (CIF) - 2023
- Exports of Nickel; Waste and Scrap in Italy
- Imports of Nickel; Waste and Scrap in Italy
Price for Nickel; Waste and Scrap in Italy (FOB) - 2023
The average nickel; waste and scrap export price stood at $36,842 per ton in August 2023, jumping by 164% against the previous month. In general, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($43,951 per ton), while the average price for exports to Germany stood at $11,603 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Waste and Scrap in Italy (CIF) - 2023
The average nickel; waste and scrap import price stood at $4,544 per ton in August 2023, which is down by -39% against the previous month. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in September 2022 an increase of 174% month-to-month. Over the period under review, average import prices attained the peak figure at $14,734 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($21,661 per ton), while the price for the United States stood at $1,115 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Waste and Scrap in Italy
In 2022, approx. 2K tons of nickel; waste and scraps were exported from Italy; picking up by 46% against 2021. Over the period under review, exports enjoyed a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 109%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, nickel; waste and scrap exports soared to $28M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 215%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Nickel; Waste and Scrap in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.8 | 0.4 | 6.5 | 13.0 | 93.3% |
| United States | 4.0 | 1.1 | 2.5 | 4.8 | 6.3% |
| Germany | 2.4 | 1.0 | 3.1 | 3.2 | 10.1% |
| Japan | 1.5 | 0.2 | 0.2 | 1.9 | 8.2% |
| Australia | N/A | N/A | 0.1 | 1.5 | 1400.0% |
| Switzerland | 0.7 | 0.3 | 1.3 | 1.5 | 28.9% |
| France | 0.7 | 0.5 | 1.3 | 0.6 | -5.0% |
| South Korea | 0.4 | 0.1 | N/A | 0.6 | 14.5% |
| Spain | 1.1 | 0.1 | 0.2 | 0.4 | -28.6% |
| Netherlands | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Sweden | 0.6 | 0.2 | N/A | 0.1 | -45.0% |
| Slovenia | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 1.0 | 0.5 | 0.4 | -12.6% |
| Total | 14.1 | 5.1 | 16.2 | 28.1 | 25.8% |
Top Export Markets for Nickel; Waste and Scrap from Italy in 2022:
- United Kingdom (805.2 tons)
- United States (306.9 tons)
- Japan (267.9 tons)
- Germany (235.4 tons)
- Australia (99.5 tons)
- Switzerland (82.5 tons)
- Netherlands (47.2 tons)
- South Korea (41.9 tons)
- France (29.2 tons)
- Spain (23.4 tons)
- Sweden (4.7 tons)
Imports of Nickel; Waste and Scrap in Italy
In 2022, purchases abroad of nickel; waste and scraps decreased by -11.9% to 1.3K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nickel; waste and scrap imports reduced to $11M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +44.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year.
| Import of Nickel; Waste and Scrap in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 2.3 | 1.0 | 3.5 | 15.0% |
| France | 0.5 | 2.4 | 3.7 | 2.1 | 61.3% |
| United Arab Emirates | N/A | N/A | N/A | 1.8 | 0% |
| United States | N/A | 1.4 | 1.0 | 1.3 | -3.6% |
| Netherlands | 1.0 | 0.9 | 0.6 | 0.5 | -20.6% |
| Spain | 0.2 | 1.1 | 0.8 | 0.5 | 35.7% |
| Slovenia | 1.6 | 0.1 | 0.1 | 0.1 | -60.3% |
| Austria | N/A | N/A | N/A | 0.1 | 0% |
| Bulgaria | 0.9 | 1.1 | 0.7 | N/A | -11.8% |
| Others | 1.1 | 1.2 | 4.3 | 1.0 | -3.1% |
| Total | 7.6 | 10.6 | 12.2 | 10.9 | 12.8% |
Top Suppliers of Nickel; Waste and Scrap to Italy in 2022:
- Germany (420.6 tons)
- United States (264.6 tons)
- France (215.3 tons)
- United Arab Emirates (158.1 tons)
- Spain (51.2 tons)
- Netherlands (43.9 tons)
- Austria (42.8 tons)
- Slovenia (22.5 tons)
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