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

Contents:

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

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

In 2022, the average nickel; wire, not alloyed import price amounted to $23,535 per ton, picking up by 4.3% against the previous year. In general, the import price posted resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 147%. As a result, import price reached the peak level of $74,800 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +56.0% per year.

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

In 2022, the average nickel; wire, not alloyed export price amounted to $34,667 per ton, picking up by 3.3% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016 an increase of 21%. Over the period under review, the average export prices hit record highs at $53,333 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($34,667 per ton), while the average price for exports to France amounted to $34,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+52.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel; Wire, Not Alloyed in Luxembourg

In 2022, approx. 43 kg of nickel; wire, not alloyeds were imported into Luxembourg; jumping by 59% against the year before. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel; wire, not alloyed imports skyrocketed to $1K in 2022. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 294% against the previous year. As a result, imports reached the peak of $2.6K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. Germany (43.0 kg)

Exports of Nickel; Wire, Not Alloyed in Luxembourg

In 2022, shipments abroad of nickel; wire, not alloyeds decreased by -14.3% to 6 kg, falling for the second year in a row after two years of growth. In general, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, the exports reached the peak of 12 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nickel; wire, not alloyed exports contracted to $208 in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. As a result, the exports attained the peak of $398. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Germany (3.0 kg)
2. France (3.0 kg)

Source: IndexBox Market Intelligence Platform