Price for Nickel; Wire, Not Alloyed in China - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in China (CIF) - 2023
- Price for Nickel; Wire, Not Alloyed in China (FOB) - 2023
- Imports of Nickel; Wire, Not Alloyed in China
- Exports of Nickel; Wire, Not Alloyed in China
Price for Nickel; Wire, Not Alloyed in China (CIF) - 2023
In June 2023, the average nickel; wire, not alloyed import price amounted to $40,889 per ton, shrinking by -23.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 172% against the previous month. As a result, import price reached the peak level of $100K per ton. From December 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($67,138 per ton), while the price for Japan totaled $38,269 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, Not Alloyed in China (FOB) - 2023
The average nickel; wire, not alloyed export price stood at $39,836 per ton in June 2023, which is down by -10% against the previous month. In general, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 74% m-o-m. As a result, the export price attained the peak level of $58,947 per ton. From November 2022 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In June 2023, the countries with the highest prices were Belgium ($40,334 per ton) and Chile ($38,000 per ton), while the average price for exports to South Korea ($33,266 per ton) and Russia ($36,742 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel; Wire, Not Alloyed in China
In 2022, nickel; wire, not alloyed imports into China plummeted to 69 tons, which is down by -18.9% on the year before. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of 86 tons, and then fell dramatically in the following year.
In value terms, nickel; wire, not alloyed imports expanded notably to $3.2M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +69.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Wire, Not Alloyed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,290 | 888 | 1,562 | 1,332 | 1.1% |
| Sweden | 344 | 155 | 391 | 397 | 4.9% |
| Germany | 268 | 495 | 349 | 308 | 4.7% |
| France | 134 | 75.2 | 85.4 | 119 | -3.9% |
| Others | 152 | 263 | 485 | 1,023 | 88.8% |
| Total | 2,187 | 1,877 | 2,873 | 3,179 | 13.3% |
Top Suppliers of Nickel; Wire, Not Alloyed to China in 2022:
- Japan (40.9 tons)
- Sweden (21.8 tons)
- Germany (3.4 tons)
- France (1.9 tons)
Exports of Nickel; Wire, Not Alloyed in China
In 2022, the amount of nickel; wire, not alloyeds exported from China expanded remarkably to 86 tons, growing by 13% compared with 2021 figures. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, nickel; wire, not alloyed exports skyrocketed to $3.3M in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 85%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Nickel; Wire, Not Alloyed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 436 | 494 | 814 | 858 | 25.3% |
| Japan | 297 | 238 | 77.8 | 239 | -7.0% |
| United States | 1.3 | 1.6 | 11.8 | 197 | 433.1% |
| Russia | 48.7 | 42.3 | 148 | 144 | 43.5% |
| South Korea | 17.7 | 24.0 | 29.3 | 126 | 92.4% |
| Spain | N/A | N/A | 22.9 | 104 | 354.1% |
| Philippines | 37.9 | 70.9 | 142 | 43.5 | 4.7% |
| Taiwan (Chinese) | 486 | N/A | N/A | N/A | 0% |
| Others | 186 | 488 | 1,261 | 1,567 | 103.5% |
| Total | 1,510 | 1,358 | 2,506 | 3,279 | 29.5% |
Top Export Markets for Nickel; Wire, Not Alloyed from China in 2022:
- Indonesia (23.1 tons)
- Japan (6.0 tons)
- United States (4.9 tons)
- South Korea (3.4 tons)
- Russia (3.1 tons)
- Spain (2.8 tons)
- Philippines (2.7 tons)
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