Price for Nickel; Tubes and Pipes, of Nickel Alloys in Colombia - 2022

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Colombia (CIF) - 2022

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $9,035 per ton in 2022, with a decrease of -51.1% against the previous year. Overall, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum at $40,586 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Netherlands ($44,500 per ton), while the price for Japan ($2,285 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Colombia (FOB) - 2022

In 2022, the average export price for nickel; tubes and pipes, of nickel alloyses amounted to $217,379 per ton, with an increase of 6.6% against the previous year. Over the period under review, the export price continues to indicate significant growth. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($234,358 per ton), while the average price for exports to the United States totaled $199,380 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+14.9%).

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Colombia

For the fourth consecutive year, Colombia recorded growth in purchases abroad of nickel; tubes and pipes, of nickel alloyses, which increased by 44% to 23 tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses shrank significantly to $207K in 2022. In general, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 58% against the previous year. As a result, imports attained the peak of $363K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Nickel; Tubes and Pipes, of Nickel Alloys in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	100	74.4	107	83.9	-5.7%
United States	51.6	154	103	67.7	9.5%
Spain	1.5	6.2	10.5	18.6	131.5%
Netherlands	0.5	1.1	2.7	18.4	232.6%
Italy	3.4	3.4	3.3	4.1	6.4%
France	69.6	116	58.6	2.6	-66.6%
Japan	0.7	0.7	0.6	0.8	4.6%
Others	2.6	6.7	7.8	10.7	60.3%
Total	230	363	294	207	-3.5%

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Colombia in 2022:

China (13.4 tons)
United States (5.6 tons)
Italy (1.3 tons)
Spain (1.3 tons)
Netherlands (0.4 tons)
Japan (0.3 tons)
France (0.1 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Colombia

For the third consecutive year, Colombia recorded growth in overseas shipments of nickel; tubes and pipes, of nickel alloyses, which increased by 472% to 103 kg in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses surged to $22K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 873%. The exports peaked in 2022 and are likely to see steady growth in years to come.