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

Contents:

1. Price for Nickel; Wire, Not Alloyed in Switzerland (FOB) - 2022
2. Price for Nickel; Wire, Not Alloyed in Switzerland (CIF) - 2023
3. Exports of Nickel; Wire, Not Alloyed in Switzerland
4. Imports of Nickel; Wire, Not Alloyed in Switzerland

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

The average nickel; wire, not alloyed export price stood at $242,856 per ton in 2022, picking up by 125% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 151% against the previous year. Over the period under review, the average export prices reached the peak figure at $248,876 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 the Philippines ($3,015,586 per ton), while the average price for exports to Mexico ($27,736 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Wire, Not Alloyed in Switzerland (CIF) - 2023

In August 2023, the average nickel; wire, not alloyed import price amounted to $47,861 per ton, dropping by -24.2% against the previous month. Overall, the import price, however, showed a resilient increase. The growth pace was the most rapid in March 2023 when the average import price increased by 68% against the previous month. The import price peaked at $78,542 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.

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

From August 2022 to August 2023, the rate of growth in terms of prices for France amounted to +13.0% per month.

Exports of Nickel; Wire, Not Alloyed in Switzerland

In 2022, nickel; wire, not alloyed exports from Switzerland fell notably to 9.9 tons, waning by -66% on the previous year's figure. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 389% against the previous year. As a result, the exports attained the peak of 29 tons, and then contracted remarkably in the following year.

In value terms, nickel; wire, not alloyed exports contracted markedly to $2.4M in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 112%. As a result, the exports reached the peak of $3.1M, and then reduced dramatically in the following year.

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

1. China (2.4 tons)
2. United Kingdom (2.2 tons)
3. South Africa (1.7 tons)
4. Mexico (1.6 tons)
5. Czech Republic (1.1 tons)
6. Australia (0.3 tons)
7. Philippines (0.3 tons)

Imports of Nickel; Wire, Not Alloyed in Switzerland

Nickel; wire, not alloyed imports into Switzerland dropped remarkably to 35 tons in 2022, shrinking by -43.9% on the year before. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 130%. As a result, imports reached the peak of 62 tons, and then fell dramatically in the following year.

In value terms, nickel; wire, not alloyed imports dropped dramatically to $1.4M in 2022. In general, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. As a result, imports attained the peak of $1.8M, and then reduced markedly in the following year.

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

1. Germany (27.5 tons)
2. France (3.1 tons)
3. United Kingdom (2.0 tons)
4. Mexico (1.7 tons)

Source: IndexBox Market Intelligence Platform