Price for Nickel; Bars, Rods, Profiles and Wire in Peru - 2022

Contents:

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

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

In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $35,240 per ton, picking up by 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 30%. The import price peaked at $36,947 per ton in 2012; however, from 2013 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 United States ($66,525 per ton), while the price for China ($14,747 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $24,427 per ton, with an increase of 7% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 95%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Venezuela ($116,314 per ton), while the average price for exports to Chile ($3,074 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 Venezuela (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of nickel; bars, rods, profiles and wires, when their volume decreased by -39.7% to 21 tons. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of 35 tons, and then shrank sharply in the following year.

In value terms, imports of nickel; bars, rods, profiles and wires fell dramatically to $744K in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports attained the peak of $1M, and then shrank notably in the following year.

Import of Nickel; Bars, Rods, Profiles and Wire in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India14.653.4141253158.8%
Germany58.883.114316039.6%
United States12.220.7284121114.9%
Austria21019729996.8-22.8%
Italy13.044.526.529.331.1%
China14.010070.919.812.2%
Sweden0.21.52.418.2349.8%
Netherlands4.619.714.07.919.8%
Others57.468.229.037.2-13.5%
Total3855881,01174424.6%

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

  1. India (8.0 tons)
  2. Germany (3.7 tons)
  3. Austria (3.4 tons)
  4. United States (1.8 tons)
  5. China (1.3 tons)
  6. Sweden (0.9 tons)
  7. Italy (0.8 tons)
  8. Netherlands (0.3 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of nickel; bars, rods, profiles and wires, when their volume increased by 18% to 988 kg. Overall, exports, however, saw a deep contraction.

In value terms, exports of nickel; bars, rods, profiles and wires surged to $24K in 2022. In general, exports, however, recorded a deep reduction.

Export of Nickel; Bars, Rods, Profiles and Wire in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador2.42.04.67.445.5%
Venezuela3.93.55.45.914.8%
Colombia2.92.85.55.221.5%
Costa Rica1.31.11.42.829.1%
Guatemala2.01.91.51.3-13.4%
El Salvador0.50.20.10.3-15.7%
Chile0.30.20.20.30.0%
Brazil22.512.1N/AN/A-46.2%
Others1.40.30.40.9-13.7%
Total37.224.119.124.1-13.5%

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

  1. Costa Rica (265.0 kg)
  2. Guatemala (254.0 kg)
  3. Ecuador (129.0 kg)
  4. Chile (94.0 kg)
  5. Colombia (90.0 kg)
  6. Venezuela (51.0 kg)
  7. El Salvador (38.0 kg)

Source: IndexBox Market Intelligence Platform

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