Nickel; Unwrought, Alloys Price in the UK - 2023
Contents:
- Nickel; Unwrought, Alloys Price in the UK (FOB) - 2023
- Nickel; Unwrought, Alloys Price in the UK (CIF) - 2023
- Nickel; Unwrought, Alloys Exports in the UK
- Nickel; Unwrought, Alloys Imports in the UK
Nickel; Unwrought, Alloys Price in the UK (FOB) - 2023
The average nickel; unwrought, alloys export price stood at $38,023 per ton in June 2023, growing by 17% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was France ($51,620 per ton), while the average price for exports to Germany ($24,116 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in the UK (CIF) - 2023
In June 2023, the average nickel; unwrought, alloys import price amounted to $38,480 per ton, falling by -5.9% against the previous month. Overall, the import price, however, recorded slight growth. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 27% month-to-month. Over the period under review, average import prices hit record highs at $42,665 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($138K per ton), while the price for Germany ($21,362 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Exports in the UK
After two years of decline, overseas shipments of nickel; unwrought, alloyses increased by 20% to 6.1K tons in 2022. Over the period under review, exports, however, saw a abrupt descent.
In value terms, nickel; unwrought, alloys exports surged to $181M in 2022. In general, total exports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Alloys in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.0 | 24.9 | 19.9 | 31.2 | -20.5% |
| Japan | 13.6 | 16.4 | 17.3 | 31.0 | 31.6% |
| Ireland | 3.5 | 21.1 | 23.6 | 28.4 | 100.9% |
| France | 14.8 | 9.2 | 14.8 | 26.0 | 20.7% |
| Italy | 11.5 | 10.7 | 12.3 | 14.9 | 9.0% |
| Serbia | 3.8 | 1.9 | 1.2 | 6.9 | 22.0% |
| Germany | 10.8 | 12.8 | 12.7 | 6.8 | -14.3% |
| Czech Republic | 6.0 | 2.3 | 6.8 | 6.7 | 3.7% |
| India | 10.0 | 3.0 | 5.1 | 4.8 | -21.7% |
| China | 10.0 | 3.1 | 1.7 | 4.6 | -22.8% |
| Belgium | 2.9 | 0.9 | 1.0 | 3.2 | 3.3% |
| Others | 20.9 | 13.1 | 12.3 | 16.0 | -8.5% |
| Total | 170 | 119 | 129 | 181 | 2.1% |
Top Export Markets for Nickel; Unwrought, Alloys from the UK in 2022:
- United States (1184.7 tons)
- France (1132.0 tons)
- Japan (848.7 tons)
- Ireland (781.9 tons)
- Italy (391.2 tons)
- Germany (329.8 tons)
- Czech Republic (284.5 tons)
- Serbia (216.5 tons)
- India (182.1 tons)
- Belgium (118.9 tons)
- China (71.3 tons)
Nickel; Unwrought, Alloys Imports in the UK
In 2022, approx. 3.4K tons of nickel; unwrought, alloyses were imported into the UK; falling by -5.9% against 2021. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 8.1% against the previous year.
In value terms, nickel; unwrought, alloys imports soared to $80M in 2022. In general, imports recorded a deep slump.
| Import of Nickel; Unwrought, Alloys in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.5 | 30.3 | 27.2 | 27.4 | -25.2% |
| Australia | 19.9 | 17.3 | 13.4 | 23.4 | 5.5% |
| Belgium | 5.7 | 5.0 | 9.1 | 9.5 | 18.6% |
| Germany | 6.9 | 2.7 | 0.9 | 7.8 | 4.2% |
| Norway | N/A | N/A | N/A | 6.0 | 0% |
| South Africa | 1.1 | 0.3 | 0.7 | 2.2 | 26.0% |
| France | 7.4 | 3.4 | 5.9 | 1.2 | -45.5% |
| Others | 8.3 | 7.7 | 7.7 | 2.3 | -34.8% |
| Total | 115 | 66.6 | 64.9 | 79.9 | -11.4% |
Top Suppliers of Nickel; Unwrought, Alloys to the UK in 2022:
- United States (1343.1 tons)
- Australia (779.4 tons)
- Germany (438.8 tons)
- Belgium (353.8 tons)
- Norway (216.0 tons)
- France (75.7 tons)
- South Africa (74.8 tons)
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This report provides an in-depth analysis of the nickel market in the UK.
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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 the UK.
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This report provides an in-depth analysis of the nickel market in the UK.
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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...
993
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.
65
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1178
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...
805
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...
993
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%
