Price for Nickel; Tube and Pipe Fittings in Portugal - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Portugal (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Portugal (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Portugal
4. Exports of Nickel; Tube and Pipe Fittings in Portugal

Price for Nickel; Tube and Pipe Fittings in Portugal (CIF) - 2022

The average import price for nickel; tube and pipe fittingses stood at $13,981 per ton in 2022, surging by 24% against the previous year. Over the period under review, the import price saw resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 129% against the previous year. Over the period under review, average import prices reached the peak figure at $22,745 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($17,976 per ton), while the price for the Netherlands ($3,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Tube and Pipe Fittings in Portugal (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $11,416 per ton, surging by 21% against the previous year. Overall, the export price showed a noticeable increase. The growth pace was the most rapid in 2017 an increase of 116%. The export price peaked at $16,159 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($11,850 per ton), while the average price for exports to France ($2,200 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 Angola (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Tube and Pipe Fittings in Portugal

In 2022, nickel; tube and pipe fittings imports into Portugal declined sharply to 32 tons, which is down by -27.1% compared with the previous year's figure. Over the period under review, imports saw a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 41%. As a result, imports attained the peak of 43 tons, and then dropped significantly in the following year.

In value terms, nickel; tube and pipe fittings imports dropped to $441K in 2022. Overall, total imports indicated a resilient expansion 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. Based on 2022 figures, imports increased by +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports reached the peak of $486K, and then reduced in the following year.

Top Suppliers of Nickel; Tube and Pipe Fittings to Portugal in 2022:

1. Spain (23.3 tons)
2. China (3.3 tons)
3. Italy (2.5 tons)
4. Germany (1.6 tons)

Exports of Nickel; Tube and Pipe Fittings in Portugal

In 2022, shipments abroad of nickel; tube and pipe fittingses decreased by -35.8% to 113 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 131%. As a result, the exports attained the peak of 342 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel; tube and pipe fittings exports fell dramatically to $1.3K in 2022. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 57%. As a result, the exports reached the peak of $3.2K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Nickel; Tube and Pipe Fittings from Portugal in 2022:

1. Angola (107.0 kg)
2. France (5.0 kg)

Source: IndexBox Market Intelligence Platform