Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Austria - 2023
Contents:
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Austria (FOB) - 2022
- Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Austria (CIF) - 2022
- Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Austria
- Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Austria
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Austria (FOB) - 2022
The average export price for nickel; bars, rods and profiles, not alloyeds stood at $28,133 per ton in 2022, growing by 7.3% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; bars, rods and profiles, not alloyeds increased by +87.8% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 91%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($32,106 per ton), while the average price for exports to Sweden ($24,696 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 Indonesia (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Austria (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $50,497 per ton, with an increase of 28% against the previous year. Over the period under review, the import price posted a strong increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 70% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($156,226 per ton), while the price for Germany ($45,871 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Austria
For the third consecutive year, Austria recorded decline in shipments abroad of nickel; bars, rods and profiles, not alloyeds, which decreased by -64.2% to 5 tons in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -30.9% was in 2020.
In value terms, exports of nickel; bars, rods and profiles, not alloyeds contracted notably to $140K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -20.9% was in 2020.
| Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,299 | 2,424 | 245 | 62.9 | -73.3% |
| Indonesia | N/A | 97.0 | 39.7 | 52.6 | -26.4% |
| Sweden | N/A | N/A | N/A | 22.6 | 0% |
| Others | 12.4 | 97.3 | 78.9 | 1.8 | -47.4% |
| Total | 3,312 | 2,618 | 364 | 140 | -65.2% |
Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Austria in 2022:
- Germany (2.4 tons)
- Indonesia (1.6 tons)
- Sweden (0.9 tons)
Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Austria
In 2022, after three years of growth, there was significant decline in overseas purchases of nickel; bars, rods and profiles, not alloyeds, when their volume decreased by -37.4% to 989 kg. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 1.6 tons, and then contracted markedly in the following year.
In value terms, imports of nickel; bars, rods and profiles, not alloyeds contracted sharply to $50K in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of $62K, and then declined markedly in the following year.
| Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.8 | 42.5 | 60.4 | 42.9 | 9.4% |
| United Kingdom | 0.5 | N/A | 1.2 | 4.8 | 112.5% |
| Poland | N/A | N/A | N/A | 2.1 | 0% |
| Belgium | 8.8 | 3.6 | 0.1 | 0.1 | -77.5% |
| Others | 0.6 | 1.4 | 0.5 | N/A | -8.7% |
| Total | 42.7 | 47.5 | 62.2 | 49.9 | 5.3% |
Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Austria in 2022:
- Germany (936.0 kg)
- United Kingdom (31.0 kg)
- Poland (19.0 kg)
- Belgium (2.0 kg)
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