Price for Nickel; Bars, Rods, Profiles and Wire in Uruguay - 2023

Contents:

  1. Price for Nickel; Bars, Rods, Profiles and Wire in Uruguay (CIF) - 2022
  2. Imports of Nickel; Bars, Rods, Profiles and Wire in Uruguay

Price for Nickel; Bars, Rods, Profiles and Wire in Uruguay (CIF) - 2022

The average import price for nickel; bars, rods, profiles and wires stood at $16,231 per ton in 2022, rising by 7.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 739%. As a result, import price attained the peak level of $104,426 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($95,356 per ton), while the price for China ($8,119 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Imports of Nickel; Bars, Rods, Profiles and Wire in Uruguay

After three years of growth, supplies from abroad of nickel; bars, rods, profiles and wires decreased by -5.1% to 2 tons in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 317%.

In value terms, imports of nickel; bars, rods, profiles and wires totaled $33K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports reached the peak of $34K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Nickel; Bars, Rods, Profiles and Wire in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A3.012.814.8122.1%
Germany10.515.510.98.7-6.1%
United States4.69.56.38.623.2%
Others6.86.12.31.0-47.2%
Total21.834.132.333.114.9%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Uruguay in 2022:

  1. China (1824.0 kg)
  2. Germany (119.0 kg)
  3. United States (90.0 kg)

Source: IndexBox Market Intelligence Platform

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