Price for Nickel; Tube and Pipe Fittings in the UK - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in the UK (FOB) - 2022
2. Price for Nickel; Tube and Pipe Fittings in the UK (CIF) - 2022
3. Exports of Nickel; Tube and Pipe Fittings in the UK
4. Imports of Nickel; Tube and Pipe Fittings in the UK

Price for Nickel; Tube and Pipe Fittings in the UK (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $128,200 per ton, stabilizing at the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; tube and pipe fittings export price decreased by -44.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 38%. The export price peaked at $232,762 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($322,322 per ton), while the average price for exports to Romania ($36,129 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 Arab Emirates (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in the UK (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $178,202 per ton, reducing by -7.6% against the previous year. Overall, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 93%. The import price peaked at $192,793 per ton in 2021, and then fell in the following year.

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 ($338,577 per ton), while the price for China ($16,585 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tube and Pipe Fittings in the UK

In 2022, exports of nickel; tube and pipe fittingses from the UK soared to 142 tons, growing by 21% against 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nickel; tube and pipe fittings exports surged to $18M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline.

Top Export Markets for Nickel; Tube and Pipe Fittings from the UK in 2022:

1. Netherlands (19.3 tons)
2. Qatar (15.2 tons)
3. Oman (12.4 tons)
4. United States (10.5 tons)
5. Norway (9.8 tons)
6. Germany (9.2 tons)
7. Ireland (8.0 tons)
8. United Arab Emirates (6.4 tons)
9. France (5.7 tons)
10. Romania (5.6 tons)
11. India (4.8 tons)
12. Spain (4.6 tons)
13. Hong Kong SAR (3.5 tons)

Imports of Nickel; Tube and Pipe Fittings in the UK

In 2022, after two years of decline, there was significant growth in overseas purchases of nickel; tube and pipe fittingses, when their volume increased by 34% to 43 tons. Over the period under review, imports, however, continue to indicate a dramatic downturn.

In value terms, nickel; tube and pipe fittings imports surged to $7.7M in 2022. In general, imports, however, continue to indicate a deep slump.

Top Suppliers of Nickel; Tube and Pipe Fittings to the UK in 2022:

1. Netherlands (undefined tons)
2. United States (13.9 tons)
3. Italy (8.9 tons)
4. China (6.5 tons)
5. Germany (6.4 tons)
6. Ireland (1.4 tons)
7. Australia (1.1 tons)
8. France (1.1 tons)

Source: IndexBox Market Intelligence Platform