Nickel; Unwrought, Alloys Price in Turkey - 2023
Contents:
- Nickel; Unwrought, Alloys Price in Turkey (CIF) - 2022
- Nickel; Unwrought, Alloys Price in Turkey (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in Turkey
- Nickel; Unwrought, Alloys Exports in Turkey
Nickel; Unwrought, Alloys Price in Turkey (CIF) - 2022
The average nickel; unwrought, alloys import price stood at $30,038 per ton in 2022, increasing by 31% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; unwrought, alloys import price increased by +71.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 34%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($68,099 per ton), while the price for Russia ($25,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in Turkey (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $34,667 per ton, rising by 23% against the previous year. In general, the export price continues to indicate pronounced growth. The growth pace was the most rapid in 2017 an increase of 78% against the previous year. Over the period under review, the average export prices reached the maximum at $41,763 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($59,310 per ton), while the average price for exports to the UK ($13,975 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 Iran (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Imports in Turkey
In 2022, nickel; unwrought, alloys imports into Turkey surged to 187 tons, rising by 31% against 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, alloys imports surged to $5.6M in 2022. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Alloys in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,354 | 1,136 | 1,145 | 2,298 | 19.3% |
| South Africa | 309 | 300 | 993 | 1,793 | 79.7% |
| United Kingdom | 638 | 366 | 346 | 665 | 1.4% |
| United States | 1,014 | 186 | 567 | 494 | -21.3% |
| Russia | N/A | 22.8 | 170 | 255 | 234.4% |
| Others | 83.0 | 67.4 | 48.7 | 110 | 9.8% |
| Total | 3,398 | 2,079 | 3,270 | 5,616 | 18.2% |
Top Suppliers of Nickel; Unwrought, Alloys to Turkey in 2022:
- Belgium (83.7 tons)
- South Africa (70.0 tons)
- United Kingdom (13.8 tons)
- Russia (10.0 tons)
- United States (7.3 tons)
Nickel; Unwrought, Alloys Exports in Turkey
Nickel; unwrought, alloys exports from Turkey surged to 9.8 tons in 2022, with an increase of 133% on the previous year. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 457%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, nickel; unwrought, alloys exports soared to $338K in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 470%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Nickel; Unwrought, Alloys in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 21.8 | 4.1 | 14.8 | 174 | 99.8% |
| Azerbaijan | 73.7 | 9.8 | 9.9 | 79.3 | 2.5% |
| United Kingdom | N/A | N/A | 10.9 | 25.5 | 133.9% |
| Egypt | N/A | 1.7 | 20.0 | 19.6 | 239.5% |
| Romania | 9.5 | 5.1 | 5.1 | 11.9 | 7.8% |
| Uzbekistan | N/A | N/A | N/A | 7.8 | 0% |
| United Arab Emirates | 1.5 | N/A | N/A | 1.6 | 2.2% |
| Yemen | N/A | N/A | 44.4 | N/A | 0% |
| Netherlands | N/A | N/A | 10.3 | N/A | 0% |
| Others | 2.3 | N/A | 2.2 | 18.7 | 101.1% |
| Total | 109 | 20.7 | 118 | 338 | 45.8% |
Top Export Markets for Nickel; Unwrought, Alloys from Turkey in 2022:
- United Arab Emirates (undefined tons)
- India (4.2 tons)
- Azerbaijan (2.3 tons)
- United Kingdom (1.8 tons)
- Egypt (0.5 tons)
- Uzbekistan (0.3 tons)
- Romania (0.2 tons)
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This report provides an in-depth analysis of the nickel market in Turkey.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Turkey.
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This report provides an in-depth analysis of the nickel market in Turkey.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1001
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
89
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1192
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
820
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1001
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
