Price for Nickel; Wire, Not Alloyed in Russia - 2022

Contents:

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

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

In 2022, the average nickel; wire, not alloyed export price amounted to $366,217 per ton, jumping by 206% against the previous year. Over the period under review, the export price recorded a significant expansion. The growth pace was the most rapid in 2015 an increase of 214%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($444,851 per ton), while the average price for exports to Belarus amounted to $56,904 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+121.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average nickel; wire, not alloyed import price amounted to $34,374 per ton, dropping by -10.6% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $80,590 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +23.6% per year.

Exports of Nickel; Wire, Not Alloyed in Russia

Nickel; wire, not alloyed exports from Russia dropped rapidly to 2.9 tons in 2022, declining by -83.5% on the previous year. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 8,067%. As a result, the exports reached the peak of 17 tons, and then shrank sharply in the following year.

In value terms, nickel; wire, not alloyed exports reduced markedly to $1M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 7,023% against the previous year. As a result, the exports reached the peak of $2.1M, and then reduced dramatically in the following year.

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

1. Switzerland (2.3 tons)
2. Belarus (0.6 tons)

Imports of Nickel; Wire, Not Alloyed in Russia

In 2022, the amount of nickel; wire, not alloyeds imported into Russia contracted markedly to 4.7 tons, with a decrease of -17.3% on the previous year's figure. Overall, imports continue to indicate 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 attained the peak of 5.7 tons, and then contracted significantly in the following year.

In value terms, nickel; wire, not alloyed imports plummeted to $163K in 2022. Over the period under review, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 109%. As a result, imports reached the peak of $221K, and then dropped rapidly in the following year.

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

1. China (4.7 tons)

Source: IndexBox Market Intelligence Platform