Price for Nickel; Wire, Not Alloyed in Austria - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Austria (FOB) - 2023
- Price for Nickel; Wire, Not Alloyed in Austria (CIF) - 2023
- Exports of Nickel; Wire, Not Alloyed in Austria
- Imports of Nickel; Wire, Not Alloyed in Austria
Price for Nickel; Wire, Not Alloyed in Austria (FOB) - 2023
The average nickel; wire, not alloyed export price stood at $29,279 per ton in July 2023, with a decrease of -14.3% against the previous month. In general, export price indicated slight growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; wire, not alloyed export price decreased by -18.3% against May 2023 indices. The growth pace was the most rapid in January 2023 when the average export price increased by 45% month-to-month. The export price peaked at $35,859 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the Philippines ($50,787 per ton), while the average price for exports to Germany ($21,850 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 the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in Austria (CIF) - 2023
The average nickel; wire, not alloyed import price stood at $8,825 per ton in July 2023, reducing by -34.4% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 648% month-to-month. As a result, import price reached the peak level of $61,317 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was France ($10,216 per ton), while the price for Germany totaled $8,576 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+0.9%).
Exports of Nickel; Wire, Not Alloyed in Austria
Nickel; wire, not alloyed exports from Austria soared to 1.1K tons in 2022, increasing by 16% against 2021. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, nickel; wire, not alloyed exports surged to $27M in 2022. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Nickel; Wire, Not Alloyed in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2.9 | 2.1 | 2.2 | 9.4 | 48.0% |
| Germany | 6.3 | 4.8 | 10.4 | 8.3 | 9.6% |
| United States | 2.3 | 1.2 | 2.5 | 5.0 | 29.5% |
| Philippines | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Slovakia | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
| Italy | 0.6 | 0.6 | 0.4 | 0.5 | -5.9% |
| Mexico | 0.7 | 0.3 | 0.8 | 0.3 | -24.6% |
| Brazil | 0.7 | 0.5 | 0.6 | N/A | -7.4% |
| Others | 2.1 | 1.8 | 3.2 | 1.4 | -12.6% |
| Total | 15.9 | 11.3 | 20.4 | 27.0 | 19.3% |
Top Export Markets for Nickel; Wire, Not Alloyed from Austria in 2022:
- Germany (514.3 tons)
- Sweden (308.2 tons)
- United States (120.7 tons)
- Philippines (26.7 tons)
- Slovakia (18.0 tons)
- Italy (10.2 tons)
- Mexico (10.0 tons)
Imports of Nickel; Wire, Not Alloyed in Austria
In 2022, imports of nickel; wire, not alloyeds into Austria dropped slightly to 353 tons, therefore, remained relatively stable against the year before. Over the period under review, imports continue to indicate a dramatic downturn.
In value terms, nickel; wire, not alloyed imports rose remarkably to $4.3M in 2022. In general, imports continue to indicate a deep contraction.
| Import of Nickel; Wire, Not Alloyed in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.5 | 2.2 | 1.6 | 2.5 | 0.0% |
| France | 4.5 | 2.1 | 2.2 | 1.7 | -27.7% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 7.0 | 4.4 | 3.8 | 4.3 | -15.0% |
Top Suppliers of Nickel; Wire, Not Alloyed to Austria in 2022:
- Germany (187.2 tons)
- France (164.7 tons)
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