Price for Nickel; Wire, of Nickel Alloys in the UK - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in the UK (CIF) - 2023
- Price for Nickel; Wire, of Nickel Alloys in the UK (FOB) - 2023
- Imports of Nickel; Wire, of Nickel Alloys in the UK
- Exports of Nickel; Wire, of Nickel Alloys in the UK
Price for Nickel; Wire, of Nickel Alloys in the UK (CIF) - 2023
The average import price for nickel; wire, of nickel alloyses stood at $46,435 per ton in June 2023, falling by -3.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in January 2023 when the average import price increased by 21% against the previous month. The import price peaked at $48,047 per ton in May 2023, and then fell modestly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($85,566 per ton), while the price for the Czech Republic ($27,109 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Wire, of Nickel Alloys in the UK (FOB) - 2023
The average export price for nickel; wire, of nickel alloyses stood at $99,175 per ton in June 2023, growing by 46% against the previous month. In general, export price indicated a tangible increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, nickel; wire, of nickel alloys export price increased by +96.6% against March 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 50% month-to-month. Over the period under review, the average export prices hit record highs at $122K per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($167K per ton), while the average price for exports to France ($61,199 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in the UK
Nickel; wire, of nickel alloys imports into the UK dropped slightly to 778 tons in 2022, almost unchanged from 2021 figures. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 0.9% against the previous year.
In value terms, nickel; wire, of nickel alloys imports dropped to $24M in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 3.2%.
| Import of Nickel; Wire, of Nickel Alloys in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.6 | 10.2 | 11.9 | 10.2 | -4.2% |
| United States | 12.5 | 5.2 | 4.8 | 5.7 | -23.0% |
| France | 7.1 | 3.8 | 4.5 | 4.0 | -17.4% |
| Sweden | 1.8 | 0.9 | 0.8 | 0.9 | -20.6% |
| India | 0.6 | 0.4 | 0.9 | 0.8 | 10.1% |
| Czech Republic | N/A | 0.2 | 0.5 | 0.5 | 58.1% |
| Switzerland | 1.2 | 0.4 | 0.2 | 0.5 | -25.3% |
| China | 0.7 | 0.4 | 0.5 | 0.4 | -17.0% |
| Others | 2.4 | 2.2 | 0.4 | 1.2 | -20.6% |
| Total | 38.0 | 23.8 | 24.5 | 24.1 | -14.1% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to the UK in 2022:
- Germany (307.2 tons)
- France (149.9 tons)
- United States (149.9 tons)
- Sweden (48.7 tons)
- India (34.2 tons)
- China (20.9 tons)
- Czech Republic (15.1 tons)
- Switzerland (12.5 tons)
Exports of Nickel; Wire, of Nickel Alloys in the UK
After two years of decline, overseas shipments of nickel; wire, of nickel alloyses increased by 17% to 230 tons in 2022. Overall, exports, however, showed a drastic downturn.
In value terms, nickel; wire, of nickel alloys exports rose rapidly to $14M in 2022. In general, exports, however, continue to indicate a pronounced decline.
| Export of Nickel; Wire, of Nickel Alloys in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,555 | 3,888 | 2,458 | 3,192 | -11.2% |
| Germany | 1,354 | 1,524 | 2,096 | 1,989 | 13.7% |
| France | 2,001 | 1,971 | 1,129 | 1,485 | -9.5% |
| Italy | 1,588 | 1,716 | 1,418 | 1,381 | -4.5% |
| Netherlands | 221 | 463 | 588 | 558 | 36.2% |
| Sweden | 653 | 599 | 430 | 492 | -9.0% |
| China | 199 | 164 | 473 | 449 | 31.2% |
| India | 391 | 532 | 347 | 368 | -2.0% |
| Spain | 457 | 373 | 251 | 317 | -11.5% |
| Singapore | 480 | 244 | 309 | 309 | -13.7% |
| Belgium | 220 | 415 | 325 | 308 | 11.9% |
| Norway | 715 | 139 | 56.5 | 276 | -27.2% |
| United Arab Emirates | 172 | 585 | 217 | 273 | 16.6% |
| Others | 2,734 | 2,733 | 2,766 | 2,707 | -0.3% |
| Total | 15,739 | 15,347 | 12,863 | 14,105 | -3.6% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from the UK in 2022:
- United States (46.8 tons)
- Germany (36.6 tons)
- Italy (18.2 tons)
- France (14.8 tons)
- Netherlands (13.2 tons)
- Singapore (11.9 tons)
- Belgium (10.6 tons)
- United Arab Emirates (10.3 tons)
- India (8.5 tons)
- China (5.9 tons)
- Spain (5.4 tons)
- Sweden (5.0 tons)
- Norway (4.9 tons)
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