Price for Nickel; Plates, Sheets, Strip and Foil in Canada - 2024
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Canada (CIF) - 2024
- Price for Nickel; Plates, Sheets, Strip and Foil in Canada (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in Canada
- Exports of Nickel; Plates, Sheets, Strip and Foil in Canada
Price for Nickel; Plates, Sheets, Strip and Foil in Canada (CIF) - 2024
In January 2024, the average import price for nickel; plates, sheets, strip and foils amounted to $49,491 per ton, with a decrease of -8.4% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2023 an increase of 23% month-to-month. Over the period under review, average import prices attained the peak figure at $58,138 per ton in March 2023; however, from April 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($49,389 per ton), while the price for Germany totaled $38,347 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Austria (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Plates, Sheets, Strip and Foil in Canada (FOB) - 2022
The average export price for nickel; plates, sheets, strip and foils stood at $30,236 per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the peak figure at $31,573 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($30,447 per ton) and Germany ($28,807 per ton), while the average price for exports to the UK ($28,735 per ton) and Mexico ($28,761 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Plates, Sheets, Strip and Foil in Canada
In 2022, approx. 910 tons of nickel; plates, sheets, strip and foils were imported into Canada; with an increase of 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; plates, sheets, strip and foils surged to $35M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +57.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Plates, Sheets, Strip and Foil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | 12.3 | 14.2 | 19.7 | 2.9% |
| Germany | 4.9 | 8.5 | 5.6 | 12.8 | 37.7% |
| France | 0.4 | 0.8 | 0.9 | 0.6 | 14.5% |
| Austria | 0.1 | 0.1 | 0.5 | 0.5 | 71.0% |
| Others | 0.7 | 0.4 | 1.1 | 1.2 | 19.7% |
| Total | 24.1 | 22.1 | 22.3 | 34.8 | 13.0% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Canada in 2022:
- United States (491.4 tons)
- Germany (369.2 tons)
- Austria (16.3 tons)
- France (8.8 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in Canada
For the fourth consecutive year, Canada recorded growth in shipments abroad of nickel; plates, sheets, strip and foils, which increased by 60% to 91 tons in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; plates, sheets, strip and foils surged to $2.8M in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 78%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Nickel; Plates, Sheets, Strip and Foil in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 685 | 1,109 | 1,342 | 2,411 | 52.1% |
| Germany | 116 | 118 | 143 | 136 | 5.4% |
| United Kingdom | N/A | 7.1 | 1.7 | 101 | 277.2% |
| Mexico | 66.1 | 41.9 | 23.3 | 27.8 | -25.1% |
| Switzerland | N/A | 124 | N/A | N/A | 0% |
| Cuba | N/A | 152 | N/A | N/A | 0% |
| Others | 10.6 | 12.6 | 40.7 | 77.8 | 94.3% |
| Total | 877 | 1,566 | 1,550 | 2,753 | 46.4% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from Canada in 2022:
- United States (79.2 tons)
- Germany (4.7 tons)
- United Kingdom (3.5 tons)
- Mexico (1.0 tons)
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