Price for Nickel; Wire, Not Alloyed in Ireland - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Ireland (CIF) - 2022
- Imports of Nickel; Wire, Not Alloyed in Ireland
Price for Nickel; Wire, Not Alloyed in Ireland (CIF) - 2022
In 2022, the average nickel; wire, not alloyed import price amounted to $37,256 per ton, growing by 28% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; wire, not alloyed import price increased by +114.5% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 28%. The import price peaked in 2022 and is likely to continue 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 the United States ($329,909 per ton), while the price for Austria ($28,152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Wire, Not Alloyed in Ireland
In 2022, imports of nickel; wire, not alloyeds into Ireland fell markedly to 9.7 tons, declining by -37.4% on the previous year. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, imports reached the peak of 15 tons, and then shrank sharply in the following year.
In value terms, nickel; wire, not alloyed imports shrank rapidly to $361K in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 90%. As a result, imports reached the peak of $451K, and then contracted rapidly in the following year.
| Import of Nickel; Wire, Not Alloyed in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 301 | 167 | 362 | 262 | -4.5% |
| United States | 13.2 | 56.5 | 83.4 | 96.2 | 93.9% |
| Others | N/A | 14.7 | 6.4 | 2.3 | -60.4% |
| Total | 314 | 238 | 451 | 361 | 4.8% |
Top Suppliers of Nickel; Wire, Not Alloyed to Ireland in 2022:
- Austria (9.3 tons)
- United States (0.3 tons)
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