Price for Nickel; Bars, Rods, Profiles and Wire in the United States - 2024
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in the United States (FOB) - 2024
- Price for Nickel; Bars, Rods, Profiles and Wire in the United States (CIF) - 2024
- Exports of Nickel; Bars, Rods, Profiles and Wire in the United States
- Imports of Nickel; Bars, Rods, Profiles and Wire in the United States
Price for Nickel; Bars, Rods, Profiles and Wire in the United States (FOB) - 2024
The average export price for nickel; bars, rods, profiles and wires stood at $44,731 per ton in September 2023, falling by -5.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 4% m-o-m. As a result, the export price reached the peak level of $47,404 per ton, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($68,610 per ton), while the average price for exports to Austria ($30,995 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in the United States (CIF) - 2024
The average import price for nickel; bars, rods, profiles and wires stood at $37,340 per ton in September 2023, approximately mirroring the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 4% m-o-m. The import price peaked at $38,717 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($49,364 per ton), while the price for Sweden ($23,811 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by France (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Bars, Rods, Profiles and Wire in the United States
In 2022, after two years of decline, there was significant growth in shipments abroad of nickel; bars, rods, profiles and wires, when their volume increased by 36% to 25K tons. Over the period under review, exports, however, showed a deep contraction.
In value terms, exports of nickel; bars, rods, profiles and wires soared to $1B in 2022. In general, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Nickel; Bars, Rods, Profiles and Wire in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 156 | 124 | 189 | 222 | 12.5% |
Mexico | 190 | 130 | 132 | 219 | 4.8% |
France | 119 | 57.7 | 34.3 | 134 | 4.0% |
United Kingdom | 66.9 | 49.1 | 25.8 | 63.3 | -1.8% |
Belgium | 136 | 63.7 | 33.1 | 55.3 | -25.9% |
Canada | 47.5 | 28.9 | 32.9 | 51.4 | 2.7% |
Japan | 49.9 | 43.3 | 19.8 | 32.4 | -13.4% |
Germany | 26.3 | 32.3 | 19.6 | 30.2 | 4.7% |
Italy | 20.1 | 20.2 | 13.9 | 27.1 | 10.5% |
Austria | 4.5 | 3.9 | 2.6 | 22.4 | 70.7% |
Singapore | 16.1 | 16.2 | 15.8 | 20.9 | 9.1% |
Israel | 16.9 | 17.5 | 7.8 | 17.1 | 0.4% |
Others | 121 | 102 | 102 | 117 | -1.1% |
Total | 971 | 688 | 629 | 1,012 | 1.4% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from the United States in 2022:
- Mexico (5.9K tons)
- China (5.9K tons)
- France (3.0K tons)
- United Kingdom (1.5K tons)
- Belgium (1.2K tons)
- Canada (1.1K tons)
- Italy (0.8K tons)
- Austria (0.8K tons)
- Israel (0.6K tons)
- Germany (0.6K tons)
- Japan (0.6K tons)
- Singapore (0.4K tons)
Imports of Nickel; Bars, Rods, Profiles and Wire in the United States
In 2022, supplies from abroad of nickel; bars, rods, profiles and wires was finally on the rise to reach 15K tons after two years of decline. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $494M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Nickel; Bars, Rods, Profiles and Wire in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 89.0 | 72.1 | 65.8 | 116 | 9.2% |
France | 63.1 | 47.6 | 55.7 | 105 | 18.5% |
Italy | 25.3 | 31.1 | 19.3 | 62.1 | 34.9% |
Australia | 78.0 | 64.5 | 35.0 | 50.8 | -13.3% |
Sweden | 32.1 | 24.9 | 42.7 | 47.3 | 13.8% |
Austria | 15.1 | 13.0 | 18.6 | 28.3 | 23.3% |
United Kingdom | 34.7 | 22.7 | 12.3 | 23.4 | -12.3% |
Others | 43.8 | 38.3 | 47.5 | 60.1 | 11.1% |
Total | 381 | 314 | 297 | 494 | 9.0% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to the United States in 2022:
- Germany (3.3K tons)
- France (3.2K tons)
- Sweden (2.2K tons)
- Italy (2.1K tons)
- Australia (1.2K tons)
- Austria (0.9K tons)
- United Kingdom (0.5K tons)
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in the USA.
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
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