Price for Nickel; Wire, Not Alloyed in Lithuania - 2023

Contents:

1. Price for Nickel; Wire, Not Alloyed in Lithuania (FOB) - 2022
2. Price for Nickel; Wire, Not Alloyed in Lithuania (CIF) - 2022
3. Exports of Nickel; Wire, Not Alloyed in Lithuania
4. Imports of Nickel; Wire, Not Alloyed in Lithuania

Price for Nickel; Wire, Not Alloyed in Lithuania (FOB) - 2022

In 2022, the average nickel; wire, not alloyed export price amounted to $34,512 per ton, shrinking by -4.1% against the previous year. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. Over the period under review, the average export prices reached the maximum at $40,182 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($118,762 per ton), while the average price for exports to Russia totaled $33,220 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-2.4%).

Price for Nickel; Wire, Not Alloyed in Lithuania (CIF) - 2022

The average nickel; wire, not alloyed import price stood at $1,160 per ton in 2022, dropping by -98.7% against the previous year. In general, the import price recorded a sharp curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by 486% against the previous year. The import price peaked at $91,316 per ton in 2021, and then declined sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +0.5% per year.

Exports of Nickel; Wire, Not Alloyed in Lithuania

In 2022, overseas shipments of nickel; wire, not alloyeds decreased by -21.4% to 1.4 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 5.9%. As a result, the exports attained the peak of 4.8 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, nickel; wire, not alloyed exports fell rapidly to $48K in 2022. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. As a result, the exports reached the peak of $157K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Nickel; Wire, Not Alloyed from Lithuania in 2022:

1. Russia (1370.0 kg)
2. Poland (21.0 kg)

Imports of Nickel; Wire, Not Alloyed in Lithuania

Nickel; wire, not alloyed imports into Lithuania reduced sharply to 813 kg in 2022, declining by -42.5% on the previous year's figure. In general, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.

In value terms, nickel; wire, not alloyed imports contracted rapidly to $2.9K in 2022. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, imports attained the peak of $130K, and then dropped markedly in the following year.

Top Suppliers of Nickel; Wire, Not Alloyed to Lithuania in 2022:

1. Germany (813.0 kg)

Source: IndexBox Market Intelligence Platform