Price for Nickel; Wire, of Nickel Alloys in Colombia - 2022
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Colombia (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in Colombia (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Colombia
- Exports of Nickel; Wire, of Nickel Alloys in Colombia
Price for Nickel; Wire, of Nickel Alloys in Colombia (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $32,054 per ton in 2022, dropping by -21% against the previous year. In general, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 82%. As a result, import price attained the peak level of $40,579 per ton, and then reduced notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($86,881 per ton), while the price for China ($4,198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Wire, of Nickel Alloys in Colombia (FOB) - 2022
In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $46,441 per ton, rising by 4.4% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; wire, of nickel alloys export price decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $46,612 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($67,256 per ton), while the average price for exports to Venezuela stood at $46,085 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+25.5%).
Imports of Nickel; Wire, of Nickel Alloys in Colombia
In 2022, purchases abroad of nickel; wire, of nickel alloyses decreased by -0.8% to 12 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 13 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nickel; wire, of nickel alloys imports declined rapidly to $387K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +38.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of $494K, and then dropped significantly in the following year.
| Import of Nickel; Wire, of Nickel Alloys in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 110 | 188 | 271 | 216 | 25.2% |
| United States | 38.6 | 20.9 | 74.5 | 59.5 | 15.5% |
| India | 72.5 | 31.7 | 70.8 | 56.5 | -8.0% |
| Germany | 33.8 | 12.3 | 40.2 | 32.1 | -1.7% |
| China | 5.9 | 14.8 | 2.7 | 7.1 | 6.4% |
| Austria | 13.1 | 6.0 | 6.9 | 4.6 | -29.5% |
| Others | 16.4 | 6.2 | 28.6 | 11.4 | -11.4% |
| Total | 291 | 280 | 494 | 387 | 10.0% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Colombia in 2022:
- India (2.9 tons)
- Japan (2.5 tons)
- United States (2.4 tons)
- China (1.7 tons)
- Germany (1.4 tons)
- Austria (0.9 tons)
Exports of Nickel; Wire, of Nickel Alloys in Colombia
In 2022, the amount of nickel; wire, of nickel alloyses exported from Colombia expanded rapidly to 118 kg, picking up by 11% compared with 2021. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 81%. As a result, the exports attained the peak of 134 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, nickel; wire, of nickel alloys exports surged to $5.5K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95% against the previous year. As a result, the exports reached the peak of $6.2K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Nickel; Wire, of Nickel Alloys in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 3.2 | 4.3 | 4.6 | 5.3 | 18.3% |
| Honduras | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Germany | N/A | 1.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.2 | 6.2 | 4.7 | 5.5 | 19.8% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Colombia in 2022:
- Venezuela (116.0 kg)
- Honduras (2.0 kg)
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