Price for Nickel; Wire, Not Alloyed in Hungary - 2023

Contents:

1. Price for Nickel; Wire, Not Alloyed in Hungary (CIF) - 2022
2. Price for Nickel; Wire, Not Alloyed in Hungary (FOB) - 2022
3. Imports of Nickel; Wire, Not Alloyed in Hungary
4. Exports of Nickel; Wire, Not Alloyed in Hungary

Price for Nickel; Wire, Not Alloyed in Hungary (CIF) - 2022

The average nickel; wire, not alloyed import price stood at $67,749 per ton in 2022, rising by 2.4% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($68,963 per ton), while the price for Germany amounted to $67,740 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+73.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Wire, Not Alloyed in Hungary (FOB) - 2022

In 2022, the average nickel; wire, not alloyed export price amounted to $14,571 per ton, with an increase of 12% against the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 4,297% against the previous year. As a result, the export price attained the peak level of $45,807 per ton. From 2014 to 2022, the average 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 the United States amounted to +39.6% per year.

Imports of Nickel; Wire, Not Alloyed in Hungary

In 2022, after three years of growth, there was significant decline in purchases abroad of nickel; wire, not alloyeds, when their volume decreased by -37.1% to 2.5 tons. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of 4 tons, and then contracted significantly in the following year.

In value terms, nickel; wire, not alloyed imports declined significantly to $168K in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, imports reached the peak of $262K, and then plummeted in the following year.

Top Suppliers of Nickel; Wire, Not Alloyed to Hungary in 2022:

1. Germany (2439.0 kg)
2. United States (42.0 kg)

Exports of Nickel; Wire, Not Alloyed in Hungary

In 2022, approx. 21 kg of nickel; wire, not alloyeds were exported from Hungary; jumping by 2,000% against 2021. In general, exports, however, saw a abrupt decrease.

In value terms, nickel; wire, not alloyed exports soared to $306 in 2022. Over the period under review, exports, however, continue to indicate a sharp downturn.

Top Export Markets for Nickel; Wire, Not Alloyed from Hungary in 2022:

1. Germany (21.0 kg)

Source: IndexBox Market Intelligence Platform