Price for Nickel; Wire, of Nickel Alloys in the Czech Republic - 2023

Contents:

  1. Price for Nickel; Wire, of Nickel Alloys in the Czech Republic (CIF) - 2023
  2. Price for Nickel; Wire, of Nickel Alloys in the Czech Republic (FOB) - 2023
  3. Imports of Nickel; Wire, of Nickel Alloys in the Czech Republic
  4. Exports of Nickel; Wire, of Nickel Alloys in the Czech Republic

Price for Nickel; Wire, of Nickel Alloys in the Czech Republic (CIF) - 2023

In July 2023, the average import price for nickel; wire, of nickel alloyses amounted to $47,598 per ton, increasing by 4.6% against the previous month. Over the period under review, import price indicated noticeable growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; wire, of nickel alloys import price increased by +29.8% against April 2023 indices. The pace of growth appeared the most rapid in August 2022 an increase of 62% against the previous month. As a result, import price reached the peak level of $50,631 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Germany ($61,370 per ton) and Austria ($47,125 per ton), while the price for France ($44,427 per ton) and Sweden ($45,704 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Wire, of Nickel Alloys in the Czech Republic (FOB) - 2023

In July 2023, the average export price for nickel; wire, of nickel alloyses amounted to $50,529 per ton, waning by -9.4% against the previous month. In general, export price indicated tangible growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nickel; wire, of nickel alloys export price decreased by -9.4% against June 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 26% against the previous month. The export price peaked at $55,798 per ton in June 2023, and then declined in the following month.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Finland ($87,316 per ton), while the average price for exports to Italy ($47,472 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel; Wire, of Nickel Alloys in the Czech Republic

In 2022, approx. 678 tons of nickel; wire, of nickel alloyses were imported into the Czech Republic; flattening at the previous year. In general, imports showed a abrupt curtailment.

In value terms, nickel; wire, of nickel alloys imports fell slightly to $18M in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.9% against the previous year.

Import of Nickel; Wire, of Nickel Alloys in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France17.010.712.112.1-10.7%
Germany5.93.63.22.6-23.9%
Sweden0.70.90.61.012.6%
Austria0.70.60.80.70.0%
Others1.91.51.91.6-5.6%
Total26.117.318.618.0-11.6%

Top Suppliers of Nickel; Wire, of Nickel Alloys to the Czech Republic in 2022:

  1. France (513.1 tons)
  2. Germany (85.5 tons)
  3. Austria (28.4 tons)
  4. Sweden (25.3 tons)

Exports of Nickel; Wire, of Nickel Alloys in the Czech Republic

In 2022, shipments abroad of nickel; wire, of nickel alloyses decreased by -24.9% to 186 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 475% against the previous year.

In value terms, nickel; wire, of nickel alloys exports declined markedly to $6.2M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 451%.

Export of Nickel; Wire, of Nickel Alloys in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2771,6193,4383,574134.5%
Italy24.02957791,393287.2%
India75.669649626351.5%
Estonia56.523.116916944.1%
United Kingdom0.7133353133474.9%
Saudi ArabiaN/A413967129-44.1%
Others2646662,27349923.6%
Total6983,8458,4746,160106.7%

Top Export Markets for Nickel; Wire, of Nickel Alloys from the Czech Republic in 2022:

  1. China (104.7 tons)
  2. Italy (51.1 tons)
  3. India (6.4 tons)
  4. Saudi Arabia (4.4 tons)
  5. United Kingdom (4.2 tons)
  6. Estonia (3.4 tons)

Source: IndexBox Market Intelligence Platform

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