Price for Nickel; Wire, Not Alloyed in Mexico - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Mexico (CIF) - 2023
- Price for Nickel; Wire, Not Alloyed in Mexico (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in Mexico
- Exports of Nickel; Wire, Not Alloyed in Mexico
Price for Nickel; Wire, Not Alloyed in Mexico (CIF) - 2023
The average nickel; wire, not alloyed import price stood at $238K per ton in June 2023, with an increase of 14% against the previous month. In general, the import price showed a resilient increase. The pace of growth appeared the most rapid in November 2022 an increase of 229% against the previous month. Over the period under review, average import prices reached the maximum in June 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From July 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +8.2% per month.
Price for Nickel; Wire, Not Alloyed in Mexico (FOB) - 2022
In 2022, the average nickel; wire, not alloyed export price amounted to $3,030 per ton, waning by -84.5% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices attained the maximum at $22,869 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +16.0% per year.
Imports of Nickel; Wire, Not Alloyed in Mexico
In 2022, purchases abroad of nickel; wire, not alloyeds decreased by -26.9% to 111 tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 71% against the previous year. As a result, imports reached the peak of 180 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nickel; wire, not alloyed imports reduced dramatically to $1.9M in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 39%. As a result, imports attained the peak of $4.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Nickel; Wire, Not Alloyed in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,238 | 3,438 | 1,579 | 1,891 | -5.5% |
| Austria | 323 | 262 | 415 | N/A | 13.4% |
| United Kingdom | 73.2 | 79.7 | 58.4 | N/A | -10.7% |
| India | 147 | 130 | 325 | N/A | 48.7% |
| Others | 176 | 206 | 560 | 5.3 | -68.9% |
| Total | 2,957 | 4,117 | 2,937 | 1,896 | -13.8% |
Top Suppliers of Nickel; Wire, Not Alloyed to Mexico in 2022:
- United States (110.5 tons)
Exports of Nickel; Wire, Not Alloyed in Mexico
Nickel; wire, not alloyed exports from Mexico surged to 22 tons in 2022, rising by 1,015% compared with the previous year's figure. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; wire, not alloyed exports skyrocketed to $66K in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 81%.
| Export of Nickel; Wire, Not Alloyed in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.5 | 1.9 | 3.4 | 65.9 | 106.4% |
| Switzerland | 9.8 | 2.5 | 4.3 | N/A | -33.8% |
| China | 25.2 | 6.2 | 10.5 | N/A | -35.5% |
| Italy | 32.9 | 9.3 | 17.9 | N/A | -26.2% |
| Others | 7.5 | 1.2 | 2.0 | N/A | -48.4% |
| Total | 82.7 | 21.0 | 38.0 | 65.9 | -7.3% |
Top Export Markets for Nickel; Wire, Not Alloyed from Mexico in 2022:
- United States (21.7 tons)
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