Price for Nickel; Tube and Pipe Fittings in Canada - 2023
Contents:
- Price for Nickel; Tube and Pipe Fittings in Canada (FOB) - 2022
- Price for Nickel; Tube and Pipe Fittings in Canada (CIF) - 2022
- Exports of Nickel; Tube and Pipe Fittings in Canada
- Imports of Nickel; Tube and Pipe Fittings in Canada
Price for Nickel; Tube and Pipe Fittings in Canada (FOB) - 2022
The average export price for nickel; tube and pipe fittingses stood at $140,840 per ton in 2022, with an increase of 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 an increase of 24%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.7% per year.
Price for Nickel; Tube and Pipe Fittings in Canada (CIF) - 2022
In 2022, the average import price for nickel; tube and pipe fittingses amounted to $77,365 per ton, rising by 53% against the previous year. Overall, the import price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 71%. The import price peaked at $121,992 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($128,173 per ton), while the price for Ukraine ($12,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nickel; Tube and Pipe Fittings in Canada
In 2022, approx. 253 tons of nickel; tube and pipe fittingses were exported from Canada; rising by 54% compared with 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 305%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, nickel; tube and pipe fittings exports soared to $36M in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 320% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Nickel; Tube and Pipe Fittings in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.8 | 3.5 | 20.3 | 33.5 | 106.6% |
| Others | 0.7 | 1.8 | 1.9 | 2.1 | 44.2% |
| Total | 4.5 | 5.3 | 22.2 | 35.6 | 99.3% |
Top Export Markets for Nickel; Tube and Pipe Fittings from Canada in 2022:
- United States (248.1 tons)
Imports of Nickel; Tube and Pipe Fittings in Canada
In 2022, purchases abroad of nickel; tube and pipe fittingses was finally on the rise to reach 227 tons after two years of decline. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; tube and pipe fittings imports skyrocketed to $18M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Tube and Pipe Fittings in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 3.6 | 3.0 | 14.7 | 55.6% |
| Italy | 1.2 | N/A | 0.1 | 1.2 | 0.0% |
| China | 0.3 | 0.2 | 0.6 | 1.1 | 54.2% |
| Ukraine | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.5 | 0.4 | 0.8 | 0.5 | 0.0% |
| Total | 5.9 | 4.1 | 4.5 | 17.5 | 43.7% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Canada in 2022:
- United States (114.8 tons)
- China (85.4 tons)
- Italy (15.0 tons)
- Ukraine (5.2 tons)
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This report provides an in-depth analysis of the market for nickel pipes and fittings in Canada.
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Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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