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

Contents:

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

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

The average import price for nickel; bars, rods and profiles, not alloyeds stood at $38,973 per ton in 2022, waning by -2.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 33%. Over the period under review, average import prices hit record highs at $39,994 per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($81,495 per ton), while the price for Austria ($35,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for nickel; bars, rods and profiles, not alloyeds stood at $48,975 per ton in 2022, surging by 45% against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 110% against the previous year. As a result, the export price reached the peak level of $181,060 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($358,175 per ton), while the average price for exports to France ($34,999 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 China (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of nickel; bars, rods and profiles, not alloyeds was finally on the rise to reach 13 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a deep contraction.

In value terms, imports of nickel; bars, rods and profiles, not alloyeds skyrocketed to $511K in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nickel; Bars, Rods and Profiles, Not Alloyed in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany16721421347341.5%
United Kingdom26326966.214.8-61.7%
Others28.57.324.723.5-6.2%
Total4584903045113.7%

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

  1. Germany (12.6 tons)
  2. United Kingdom (0.2 tons)

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

Exports of nickel; bars, rods and profiles, not alloyeds from Switzerland dropped sharply to 3.6 tons in 2022, waning by -21.7% compared with the previous year's figure. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 634% against the previous year. As a result, the exports attained the peak of 4.6 tons, and then contracted markedly in the following year.

In value terms, exports of nickel; bars, rods and profiles, not alloyeds rose markedly to $177K in 2022. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 172% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Nickel; Bars, Rods and Profiles, Not Alloyed in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy31.9N/AN/A87.540.0%
Germany80.845.237.845.1-17.7%
France5.5N/A10438.391.0%
ChinaN/A3.96.44.23.8%
United StatesN/A6.76.0N/A-10.4%
Others27.11.82.52.1-57.4%
Total14557.71571776.9%

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

  1. Italy (2280.0 kg)
  2. France (1095.0 kg)
  3. Germany (126.0 kg)
  4. China (84.0 kg)

Source: IndexBox Market Intelligence Platform

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