Price for Nickel; Waste and Scrap in Mexico - 2023
Contents:
- Price for Nickel; Waste and Scrap in Mexico (FOB) - 2023
- Price for Nickel; Waste and Scrap in Mexico (CIF) - 2022
- Exports of Nickel; Waste and Scrap in Mexico
- Imports of Nickel; Waste and Scrap in Mexico
Price for Nickel; Waste and Scrap in Mexico (FOB) - 2023
The average nickel; waste and scrap export price stood at $10,481 per ton in August 2023, falling by -11.3% against the previous month. Overall, the export price recorded a slight descent. The most prominent rate of growth was recorded in May 2023 an increase of 16% against the previous month. As a result, the export price attained the peak level of $13,977 per ton. From June 2023 to August 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to -1.0% per month.
Price for Nickel; Waste and Scrap in Mexico (CIF) - 2022
The average nickel; waste and scrap import price stood at $22,583 per ton in 2022, approximately equating the previous year. Overall, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 55%. Over the period under review, average import prices reached the maximum at $22,666 per ton in 2021, and then reduced in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.1% per year.
Exports of Nickel; Waste and Scrap in Mexico
In 2022, shipments abroad of nickel; waste and scraps was finally on the rise to reach 2.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt contraction.
In value terms, nickel; waste and scrap exports soared to $29M in 2022. Overall, exports, however, showed a mild shrinkage.
| Export of Nickel; Waste and Scrap in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.4 | 13.1 | 11.0 | 28.8 | 1.7% |
| Netherlands | 0.7 | 0.2 | 0.4 | N/A | -24.4% |
| Others | 2.1 | 2.3 | 1.8 | N/A | -7.4% |
| Total | 30.3 | 15.6 | 13.2 | 28.8 | -1.7% |
Top Export Markets for Nickel; Waste and Scrap from Mexico in 2022:
- United States (2.5K tons)
Imports of Nickel; Waste and Scrap in Mexico
After two years of decline, supplies from abroad of nickel; waste and scraps decreased by -49.8% to 144 kg in 2022. In general, imports recorded a sharp contraction.
In value terms, nickel; waste and scrap imports dropped markedly to $3.3K in 2022. Over the period under review, imports saw a sharp decline.
| Import of Nickel; Waste and Scrap in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 294 | N/A | 6.5 | 3.2 | -77.8% |
| India | 70.1 | N/A | N/A | N/A | 0% |
| Others | 2.5 | N/A | N/A | N/A | 0% |
| Total | 366 | N/A | 6.5 | 3.3 | -79.2% |
Top Suppliers of Nickel; Waste and Scrap to Mexico in 2022:
- United States (143.0 kg)
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