Price for Nickel; Bars, Rods, Profiles and Wire in Ireland - 2023

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Ireland (CIF) - 2022
  2. Price for Nickel; Bars, Rods, Profiles and Wire in Ireland (FOB) - 2022
  3. Imports of Nickel; Bars, Rods, Profiles and Wire in Ireland
  4. Exports of Nickel; Bars, Rods, Profiles and Wire in Ireland

Price for Nickel; Bars, Rods, Profiles and Wire in Ireland (CIF) - 2022

The average import price for nickel; bars, rods, profiles and wires stood at $132,504 per ton in 2022, shrinking by -4.2% against the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 87% against the previous year. The import price peaked at $138,318 per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($403,031 per ton), while the price for France ($21,461 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods, Profiles and Wire in Ireland (FOB) - 2022

In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $126,535 per ton, shrinking by -27% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 102%. The export price peaked at $212,311 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 France ($1,125,534 per ton), while the average price for exports to the United Arab Emirates ($20,680 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 the United States (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Bars, Rods, Profiles and Wire in Ireland

After two years of decline, overseas purchases of nickel; bars, rods, profiles and wires increased by 42% to 160 tons in 2022. In general, imports, however, recorded a abrupt decrease.

In value terms, imports of nickel; bars, rods, profiles and wires soared to $21M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nickel; Bars, Rods, Profiles and Wire in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States15.212.813.317.65.0%
United Kingdom0.50.90.81.647.4%
Austria0.50.60.91.026.0%
Germany1.60.60.10.4-37.0%
France0.2N/A0.10.20.0%
Others0.30.40.40.410.1%
Total18.315.215.621.25.0%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Ireland in 2022:

  1. United Kingdom (57.4 tons)
  2. United States (43.6 tons)
  3. Austria (36.1 tons)
  4. Germany (10.1 tons)
  5. France (7.7 tons)

Exports of Nickel; Bars, Rods, Profiles and Wire in Ireland

Exports of nickel; bars, rods, profiles and wires from Ireland skyrocketed to 59 tons in 2022, growing by 74% compared with 2021 figures. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; bars, rods, profiles and wires soared to $7.5M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Nickel; Bars, Rods, Profiles and Wire in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France6991,1291,3811,82037.6%
Germany1,1521,2351,1641,61211.9%
United States42029387567717.3%
Singapore41122925765817.0%
Netherlands4281383155277.2%
United Arab Emirates56.09.485.917044.8%
South Korea46.711.997.415248.2%
India70.635.260.879.74.1%
Malaysia50.361.191.746.5-2.6%
Saudi Arabia28.630.931.930.82.5%
Indonesia51.436.51.25.1-53.7%
Mexico509399220N/A-34.3%
Others6577221,3541,73938.3%
Total4,5814,3295,9357,51617.9%

Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Ireland in 2022:

  1. Singapore (27.6 tons)
  2. United Arab Emirates (8.2 tons)
  3. South Korea (5.2 tons)
  4. Germany (3.0 tons)
  5. India (2.9 tons)
  6. United States (2.6 tons)
  7. Netherlands (2.2 tons)
  8. France (1.6 tons)
  9. Malaysia (1.4 tons)
  10. Saudi Arabia (1.3 tons)
  11. Indonesia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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