Price for Nickel; Tube and Pipe Fittings in Austria - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Austria (FOB) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Austria (CIF) - 2023
3. Exports of Nickel; Tube and Pipe Fittings in Austria
4. Imports of Nickel; Tube and Pipe Fittings in Austria

Price for Nickel; Tube and Pipe Fittings in Austria (FOB) - 2022

The average export price for nickel; tube and pipe fittingses stood at $53,921 per ton in 2022, surging by 271% against the previous year. In general, the export price showed temperate growth. Over the period under review, the average export prices attained the maximum at $78,765 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($161,612 per ton), while the average price for exports to Poland ($8,558 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 the UK (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Austria (CIF) - 2023

The average import price for nickel; tube and pipe fittingses stood at $39,980 per ton in July 2023, dropping by -45.9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 351% month-to-month. Over the period under review, average import prices reached the peak figure at $139K per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From July 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to -1.9% per month.

Exports of Nickel; Tube and Pipe Fittings in Austria

After three years of growth, shipments abroad of nickel; tube and pipe fittingses decreased by -88.9% to 22 tons in 2022. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year.

In value terms, nickel; tube and pipe fittings exports shrank markedly to $1.2M in 2022. In general, exports faced a significant decline. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, the exports attained the peak of $4.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Nickel; Tube and Pipe Fittings from Austria in 2022:

1. Poland (11.5 tons)
2. Saudi Arabia (3.8 tons)
3. Germany (2.3 tons)
4. United Arab Emirates (1.9 tons)
5. Oman (1.1 tons)
6. United Kingdom (0.5 tons)

Imports of Nickel; Tube and Pipe Fittings in Austria

In 2022, overseas purchases of nickel; tube and pipe fittingses decreased by -4.2% to 7.5 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded measured growth. The pace of growth was the most pronounced in 2020 when imports increased by 97% against the previous year. As a result, imports attained the peak of 14 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel; tube and pipe fittings imports soared to $476K in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Nickel; Tube and Pipe Fittings to Austria in 2022:

1. Germany (6.5 tons)
2. Italy (0.5 tons)
3. Slovenia (0.2 tons)
4. Netherlands (0.1 tons)

Source: IndexBox Market Intelligence Platform