Price for Nickel; Wire, of Nickel Alloys in Russia - 2022
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Russia (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in Russia (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Russia
- Exports of Nickel; Wire, of Nickel Alloys in Russia
Price for Nickel; Wire, of Nickel Alloys in Russia (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $29,710 per ton in 2022, shrinking by -7.6% against the previous year. Over the period under review, the import price showed a slight descent. The growth pace was the most rapid in 2021 an increase of 19%. The import price peaked at $39,975 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 UK ($85,792 per ton), while the price for China ($25,825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in Russia (FOB) - 2022
The average export price for nickel; wire, of nickel alloyses stood at $28,307 per ton in January 2022, increasing by 18% against the previous month. In general, the export price showed a mild increase. The growth pace was the most rapid in August 2021 when the average export price increased by 145% month-to-month. As a result, the export price attained the peak level of $52,928 per ton. From September 2021 to January 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($97,205 per ton), while the average price for exports to Latvia ($24,587 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in Russia
Nickel; wire, of nickel alloys imports into Russia was estimated at 138 tons in 2022, picking up by 3.5% on 2021 figures. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of 144 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, nickel; wire, of nickel alloys imports shrank slightly to $4.1M in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%.
| Import of Nickel; Wire, of Nickel Alloys in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,118 | 947 | 1,616 | 1,812 | 17.5% |
| China | 630 | 1,644 | 1,414 | 1,641 | 37.6% |
| Sweden | 381 | 97.1 | 44.4 | 389 | 0.7% |
| United Kingdom | 389 | 413 | 240 | 117 | -33.0% |
| France | 53.5 | 28.6 | 105 | 94.5 | 20.9% |
| United States | 326 | 149 | 427 | 34.0 | -52.9% |
| Switzerland | 57.3 | 189 | 206 | 6.5 | -51.6% |
| Czech Republic | 340 | 372 | 133 | N/A | -37.5% |
| Others | 74.6 | 70.1 | 104 | 4.4 | -61.1% |
| Total | 3,369 | 3,910 | 4,289 | 4,099 | 6.8% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Russia in 2022:
- China (63.6 tons)
- Germany (56.8 tons)
- Sweden (12.9 tons)
- France (2.5 tons)
- United Kingdom (1.4 tons)
- United States (0.6 tons)
- Switzerland (0.2 tons)
Exports of Nickel; Wire, of Nickel Alloys in Russia
In 2022, approx. 120 tons of nickel; wire, of nickel alloyses were exported from Russia; with a decrease of -5.8% compared with 2021. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 13%.
In value terms, nickel; wire, of nickel alloys exports dropped to $3M in 2022. In general, exports recorded a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by 23%.
| Export of Nickel; Wire, of Nickel Alloys in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 1,679 | 1,406 | 1,793 | 2,215 | 9.7% |
| Oman | N/A | N/A | N/A | 767 | 0% |
| Ukraine | 200 | 124 | 159 | 21.6 | -52.4% |
| Belarus | 495 | 416 | 585 | 3.5 | -80.8% |
| Kazakhstan | 559 | 434 | 347 | N/A | -21.2% |
| Others | 426 | 313 | 438 | N/A | 1.4% |
| Total | 3,359 | 2,692 | 3,322 | 3,007 | -3.6% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from Russia in 2022:
- Latvia (101.9 tons)
- Oman (17.6 tons)
- Ukraine (0.6 tons)
- Belarus (0.2 tons)
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