Price for Nickel; Wire, Not Alloyed in Brazil - 2023
Contents:
- Price for Nickel; Wire, Not Alloyed in Brazil (CIF) - 2022
- Price for Nickel; Wire, Not Alloyed in Brazil (FOB) - 2022
- Imports of Nickel; Wire, Not Alloyed in Brazil
- Exports of Nickel; Wire, Not Alloyed in Brazil
Price for Nickel; Wire, Not Alloyed in Brazil (CIF) - 2022
In 2022, the average nickel; wire, not alloyed import price amounted to $25,201 per ton, surging by 15% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; wire, not alloyed import price increased by +14.3% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($32,572 per ton), while the price for China totaled $6,802 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Wire, Not Alloyed in Brazil (FOB) - 2022
The average nickel; wire, not alloyed export price stood at $284,559 per ton in 2022, jumping by 776% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($375,480 per ton), while the average price for exports to France stood at $11,940 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1,136.3%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Wire, Not Alloyed in Brazil
In 2022, nickel; wire, not alloyed imports into Brazil shrank notably to 34 tons, dropping by -17.1% on the previous year's figure. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +22.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports reached the peak of 41 tons, and then dropped markedly in the following year.
In value terms, nickel; wire, not alloyed imports declined modestly to $849K in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of $891K, and then shrank in the following year.
| Import of Nickel; Wire, Not Alloyed in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 456 | 472 | 823 | 781 | 19.6% |
| China | 14.5 | 22.7 | 33.9 | 65.7 | 65.5% |
| Others | 24.5 | 3.3 | 33.5 | 2.6 | -52.7% |
| Total | 495 | 498 | 891 | 849 | 19.7% |
Top Suppliers of Nickel; Wire, Not Alloyed to Brazil in 2022:
- India (24.0 tons)
- China (9.7 tons)
Exports of Nickel; Wire, Not Alloyed in Brazil
In 2022, shipments abroad of nickel; wire, not alloyeds decreased by -77.8% to 4 kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,700%. As a result, the exports attained the peak of 18 kg, and then shrank remarkably in the following year.
In value terms, nickel; wire, not alloyed exports soared to $1.2K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,850%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Nickel; Wire, Not Alloyed in Brazil (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Colombia | N/A | 432 | 1,131 | 161.8% | |
| France | 20.0 | 71.0 | 13.0 | -19.4% | |
| Dominican Republic | N/A | 82.0 | N/A | 0% | |
| Others | 10.0 | N/A | 46.0 | 114.5% | |
| Total | 30.0 | 585 | 1,190 | 529.8% | |
Top Export Markets for Nickel; Wire, Not Alloyed from Brazil in 2022:
- Colombia (3.0 kg)
- France (1.0 kg)
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