Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil - 2024

Contents:

  1. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil (CIF) - 2022
  2. Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil (FOB) - 2022
  3. Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil
  4. Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil (CIF) - 2022

In 2022, the average import price for nickel; bars, rods and profiles, not alloyeds amounted to $35,425 per ton, growing by 46% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods and profiles, not alloyeds increased by +135.2% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($36,179 per ton), while the price for Austria ($27,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil (FOB) - 2022

In 2022, the average export price for nickel; bars, rods and profiles, not alloyeds amounted to $12,054 per ton, shrinking by -52.8% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 28%. The export price peaked at $223,103 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($53,581 per ton), while the average price for exports to Russia ($5,783 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 Colombia (+55.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil

In 2022, the amount of nickel; bars, rods and profiles, not alloyeds imported into Brazil declined rapidly to 60 tons, with a decrease of -21.9% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 77 tons, and then shrank significantly in the following year.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds rose markedly to $2.1M in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 80% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2624031,0881,93994.9%
Austria88259463893.1-52.7%
GermanyN/A13.589.890.9159.5%
Others80.126.052.85.4-59.3%
Total1,2241,0361,8682,12820.2%

Top Suppliers of Nickel; Bars, Rods and Profiles, Not Alloyed to Brazil in 2022:

  1. India (53.6 tons)
  2. Austria (3.4 tons)
  3. Germany (3.1 tons)

Exports of Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil

In 2022, exports of nickel; bars, rods and profiles, not alloyeds from Brazil declined notably to 4.9 tons, waning by -44.8% against the previous year's figure. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 648% against the previous year. As a result, the exports reached the peak of 8.9 tons, and then fell remarkably in the following year.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds dropped notably to $60K in 2022. Over the period under review, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 860%. As a result, the exports attained the peak of $228K, and then contracted sharply in the following year.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ArgentinaN/AN/A70.535.3-49.9%
RussiaN/AN/A18.422.622.8%
ColombiaN/AN/A34.41.7-95.1%
PeruN/AN/A85.0N/A0%
India14423.8N/AN/A-83.5%
Others2.9N/A19.9N/A162.0%
Total14723.822859.5-26.0%

Top Export Markets for Nickel; Bars, Rods and Profiles, Not Alloyed from Brazil in 2022:

  1. Russia (3.9 tons)
  2. Argentina (1.0 tons)

Source: IndexBox Market Intelligence Platform

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