Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hungary - 2023

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hungary (CIF) - 2023
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hungary (FOB) - 2022
3. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Hungary
4. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Hungary

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hungary (CIF) - 2023

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $58,714 per ton in August 2023, picking up by 1.6% against the previous month. Overall, the import price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 979% against the previous month. As a result, import price attained the peak level of $621K per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From November 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +8.8% per month.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Hungary (FOB) - 2022

In 2022, the average export price for nickel; tubes and pipes, of nickel alloyses amounted to $202,169 per ton, surging by 13% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 3,460% against the previous year. The export price peaked at $2,344,143 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +47.9% per year.

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Hungary

In 2022, overseas purchases of nickel; tubes and pipes, of nickel alloyses were finally on the rise to reach 35 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses totaled $2.5M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 -20.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Hungary in 2022:

1. Italy (30.4 tons)
2. Germany (1.4 tons)
3. Switzerland (1.0 tons)
4. United States (0.6 tons)
5. France (0.4 tons)
6. Belgium (0.4 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Hungary

After three years of growth, overseas shipments of nickel; tubes and pipes, of nickel alloyses decreased by -60.1% to 142 kg in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 748% against the previous year. As a result, the exports attained the peak of 356 kg, and then dropped sharply in the following year.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses reduced notably to $29K in 2022. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 418%. As a result, the exports attained the peak of $98K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Hungary in 2022:

1. Germany (142.0 kg)

Source: IndexBox Market Intelligence Platform