Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia (CIF) - 2023
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia (FOB) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia
- Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia (CIF) - 2023
The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $36,787 per ton in August 2023, surging by 10% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices hit record highs at $38,607 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($88,017 per ton), while the price for the UK ($34,265 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia (FOB) - 2022
The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $10,297 per ton in 2022, declining by -45.9% against the previous year. Overall, the export price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72%. The export price peaked at $106,143 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for North Macedonia.
From 2014 to 2022, the rate of growth in terms of prices for Israel amounted to -10.9% per year.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia
In 2022, supplies from abroad of nickel; bars, rods and profiles, of nickel alloyses was finally on the rise to reach 289 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a drastic downturn.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses surged to $9.7M in 2022. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.0 | 4.4 | 2.6 | 9.3 | 9.9% |
| Others | 1.3 | 0.1 | 0.2 | 0.4 | -32.5% |
| Total | 8.3 | 4.4 | 2.8 | 9.7 | 5.3% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Serbia in 2022:
- United Kingdom (283.3 tons)
Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia
Exports of nickel; bars, rods and profiles, of nickel alloyses from Serbia contracted dramatically to 101 kg in 2022, dropping by -94.2% against the previous year. In general, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 568% against the previous year. As a result, the exports attained the peak of 1.7 tons, and then reduced markedly in the following year.
In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses shrank notably to $1K in 2022. Over the period under review, exports showed a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 326% against the previous year. As a result, the exports reached the peak of $33K, and then shrank rapidly in the following year.
| Export of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | N/A | N/A | N/A | 1.0 | 0% |
| Bosnia and Herzegovina | 2.7 | N/A | N/A | N/A | 0% |
| Israel | N/A | 5.1 | 32.6 | N/A | 539.2% |
| Poland | 3.0 | N/A | N/A | N/A | 0% |
| Romania | 1.5 | 1.6 | 0.3 | N/A | -55.3% |
| Others | N/A | 1.0 | N/A | N/A | 0% |
| Total | 7.2 | 7.7 | 33.0 | 1.0 | -48.2% |
Top Export Markets for Nickel; Bars, Rods and Profiles, of Nickel Alloys from Serbia in 2022:
- North Macedonia (101.0 kg)
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