Price for Nickel; Wire, of Nickel Alloys in Azerbaijan - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Azerbaijan (CIF) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Azerbaijan
Price for Nickel; Wire, of Nickel Alloys in Azerbaijan (CIF) - 2022
In 2022, the average import price for nickel; wire, of nickel alloyses amounted to $47,044 per ton, shrinking by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 an increase of 36%. The import price peaked at $54,623 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($161,154 per ton), while the price for China ($31,908 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in Azerbaijan
In 2022, imports of nickel; wire, of nickel alloyses into Azerbaijan reached 1.5 tons, growing by 7% on the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, nickel; wire, of nickel alloys imports amounted to $69K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 73%. As a result, imports attained the peak of $70K; afterwards, it flattened through to 2022.
| Import of Nickel; Wire, of Nickel Alloys in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 32.1 | 1.5 | 5.6 | 50.1 | 16.0% |
| China | 1.0 | 0.1 | 1.0 | 8.6 | 104.9% |
| Netherlands | 2.9 | N/A | 0.4 | 4.0 | 11.3% |
| Germany | 1.9 | 0.1 | 0.3 | 2.8 | 13.8% |
| United Arab Emirates | N/A | 60.3 | 47.5 | N/A | -21.2% |
| Czech Republic | N/A | 7.3 | 14.0 | N/A | 91.8% |
| Others | 2.2 | 0.2 | 0.7 | 4.1 | 23.1% |
| Total | 40.1 | 69.5 | 69.5 | 69.5 | 20.1% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Azerbaijan in 2022:
- Russia (1073.0 kg)
- China (270.0 kg)
- Netherlands (74.0 kg)
- Germany (33.0 kg)
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