Price for Nickel; Wire, Not Alloyed in Australia - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Australia (CIF) - 2022
- Price for Nickel; Wire, Not Alloyed in Australia (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in Australia
- Exports of Nickel; Wire, Not Alloyed in Australia
Price for Nickel; Wire, Not Alloyed in Australia (CIF) - 2022
The average nickel; wire, not alloyed import price stood at $66,309 per ton in 2022, with an increase of 21% against the previous year. In general, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 90% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($80,462 per ton), while the price for the United States ($40,438 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in Australia (FOB) - 2022
The average nickel; wire, not alloyed export price stood at $49,473 per ton in 2022, declining by -68.2% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 502% against the previous year. As a result, the export price reached the peak level of $849,090 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($243,743 per ton), while the average price for exports to Canada ($25,769 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Wire, Not Alloyed in Australia
In 2022, the amount of nickel; wire, not alloyeds imported into Australia skyrocketed to 660 kg, growing by 144% against 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 1,255%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nickel; wire, not alloyed imports skyrocketed to $44K in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,681% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Nickel; Wire, Not Alloyed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1.9 | 0.1 | 2.7 | 29.8 | 150.3% |
| China | 2.0 | 0.1 | 1.7 | 5.4 | 39.2% |
| France | 1.4 | 0.1 | 1.0 | 3.8 | 39.5% |
| United States | 12.0 | 0.1 | 1.5 | 3.4 | -34.3% |
| Germany | 0.8 | N/A | 0.4 | N/A | -29.3% |
| Singapore | 4.8 | 0.3 | 3.0 | N/A | -20.9% |
| Others | 0.6 | 0.1 | 4.7 | 1.3 | 29.4% |
| Total | 23.7 | 0.8 | 14.9 | 43.7 | 22.6% |
Top Suppliers of Nickel; Wire, Not Alloyed to Australia in 2022:
- Switzerland (371.0 kg)
- China (121.0 kg)
- United States (84.0 kg)
- France (83.0 kg)
Exports of Nickel; Wire, Not Alloyed in Australia
In 2022, approx. 3 kg of nickel; wire, not alloyeds were exported from Australia; jumping by 200% compared with 2021. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, nickel; wire, not alloyed exports dropped significantly to $124 in 2022. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 208% against the previous year. As a result, the exports reached the peak of $188, and then fell sharply in the following year.
| Export of Nickel; Wire, Not Alloyed in Australia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Canada | N/A | 53.0 | 0% | ||
| United States | 129 | 52.0 | -59.7% | ||
| Others | 59.0 | 19.0 | -67.8% | ||
| Total | 188 | 124 | -34.0% | ||
Top Export Markets for Nickel; Wire, Not Alloyed from Australia in 2022:
- Canada (2.0 kg)
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