Price for Nickel; Unwrought, Not Alloyed in Romania - 2023
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Romania (CIF) - 2023
- Price for Nickel; Unwrought, Not Alloyed in Romania (FOB) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Romania
- Exports of Nickel; Unwrought, Not Alloyed in Romania
Price for Nickel; Unwrought, Not Alloyed in Romania (CIF) - 2023
In June 2023, the average nickel; unwrought, not alloyed import price amounted to $26,283 per ton, falling by -5.2% against the previous month. In general, import price indicated perceptible growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, nickel; unwrought, not alloyed import price increased by +15.1% against April 2023 indices. The growth pace was the most rapid in February 2023 an increase of 44% m-o-m. The import price peaked at $27,717 per ton in May 2023, and then reduced in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Poland ($26,693 per ton) and the Netherlands ($26,475 per ton), while the price for France ($25,364 per ton) and Italy ($25,999 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Unwrought, Not Alloyed in Romania (FOB) - 2022
In 2022, the average nickel; unwrought, not alloyed export price amounted to $4,750 per ton, waning by -51% against the previous year. Overall, the export price showed a abrupt slump. The growth pace was the most rapid in 2018 an increase of 77% against the previous year. As a result, the export price attained the peak level of $20,100 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($6,500 per ton), while the average price for exports to Bulgaria ($2,000 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 France (+21.7%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Unwrought, Not Alloyed in Romania
In 2022, purchases abroad of nickel; unwrought, not alloyeds was finally on the rise to reach 206 tons after two years of decline. Over the period under review, imports, however, continue to indicate a slight downturn.
In value terms, nickel; unwrought, not alloyed imports skyrocketed to $5.3M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Not Alloyed in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 445 | 590 | 1,008 | 2,744 | 83.4% |
| Italy | 1,349 | 1,364 | 1,534 | 2,200 | 17.7% |
| Poland | 204 | 199 | 90.2 | 285 | 11.8% |
| Madagascar | 707 | N/A | N/A | N/A | 0% |
| Others | 123 | 40.5 | 45.0 | 38.4 | -32.2% |
| Total | 2,829 | 2,193 | 2,677 | 5,267 | 23.0% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Romania in 2022:
- Netherlands (94.0 tons)
- Italy (83.0 tons)
- Poland (27.9 tons)
Exports of Nickel; Unwrought, Not Alloyed in Romania
For the third consecutive year, Romania recorded decline in overseas shipments of nickel; unwrought, not alloyeds, which decreased by -84.6% to 4 kg in 2022. In general, exports recorded a dramatic descent. The smallest decline of -70.6% was in 2020.
In value terms, nickel; unwrought, not alloyed exports fell rapidly to $19 in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The smallest decline of -70% was in 2020.
| Export of Nickel; Unwrought, Not Alloyed in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | N/A | N/A | N/A | N/A | 0% |
| Hungary | N/A | N/A | N/A | N/A | 0% |
| Slovakia | N/A | N/A | N/A | N/A | 0% |
| France | 51.0 | 0.4 | N/A | N/A | -99.2% |
| Italy | 52.0 | 29.9 | 0.3 | N/A | -92.4% |
| Others | N/A | 0.6 | N/A | N/A | 0% |
| Total | 103 | 30.9 | 0.3 | N/A | -94.6% |
Top Export Markets for Nickel; Unwrought, Not Alloyed from Romania in 2022:
- Hungary (2.0 kg)
- Slovakia (1.0 kg)
- Bulgaria (1.0 kg)
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This report provides an in-depth analysis of the nickel market in Romania.
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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 Romania.
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This report provides an in-depth analysis of the nickel market in Romania.
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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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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.
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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.
1192
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...
820
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...
1001
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%
