Price for Nickel; Wire, of Nickel Alloys in Hungary - 2023

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in Hungary (CIF) - 2022
2. Price for Nickel; Wire, of Nickel Alloys in Hungary (FOB) - 2022
3. Imports of Nickel; Wire, of Nickel Alloys in Hungary
4. Exports of Nickel; Wire, of Nickel Alloys in Hungary

Price for Nickel; Wire, of Nickel Alloys in Hungary (CIF) - 2022

In 2022, the average import price for nickel; wire, of nickel alloyses amounted to $73,453 per ton, jumping by 63% against the previous year. Overall, the import price posted notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($509,541 per ton), while the price for India ($30,165 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 (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Wire, of Nickel Alloys in Hungary (FOB) - 2022

The average export price for nickel; wire, of nickel alloyses stood at $28,847 per ton in 2022, shrinking by -36.4% against the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 86%. The export price peaked at $49,411 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($125,657 per ton), while the average price for exports to India ($11,817 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 Italy (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Wire, of Nickel Alloys in Hungary

After three years of growth, purchases abroad of nickel; wire, of nickel alloyses decreased by -60% to 31 tons in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 318% against the previous year. As a result, imports attained the peak of 77 tons, and then declined significantly in the following year.

In value terms, nickel; wire, of nickel alloys imports fell remarkably to $2.3M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 232% against the previous year. As a result, imports reached the peak of $3.5M, and then reduced notably in the following year.

Top Suppliers of Nickel; Wire, of Nickel Alloys to Hungary in 2022:

1. Germany (18.1 tons)
2. India (3.3 tons)
3. Russia (3.2 tons)
4. United States (2.1 tons)
5. Italy (1.3 tons)
6. Netherlands (0.8 tons)

Exports of Nickel; Wire, of Nickel Alloys in Hungary

In 2022, after two years of decline, there was significant growth in shipments abroad of nickel; wire, of nickel alloyses, when their volume increased by 226% to 1.6 tons. Overall, exports, however, saw a precipitous contraction.

In value terms, nickel; wire, of nickel alloys exports surged to $47K in 2022. Over the period under review, exports, however, recorded a dramatic slump.

Top Export Markets for Nickel; Wire, of Nickel Alloys from Hungary in 2022:

1. India (908.0 kg)
2. Serbia (606.0 kg)
3. Netherlands (53.0 kg)

Source: IndexBox Market Intelligence Platform