Price for Nickel; Wire, of Nickel Alloys in Portugal - 2023

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in Portugal (CIF) - 2023
2. Price for Nickel; Wire, of Nickel Alloys in Portugal (FOB) - 2022
3. Imports of Nickel; Wire, of Nickel Alloys in Portugal
4. Exports of Nickel; Wire, of Nickel Alloys in Portugal

Price for Nickel; Wire, of Nickel Alloys in Portugal (CIF) - 2023

In July 2023, the average import price for nickel; wire, of nickel alloyses amounted to $50,607 per ton, jumping by 27% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Spain ($58,562 per ton) and the Netherlands ($50,894 per ton), while the price for Germany ($40,097 per ton) and Italy ($50,487 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Wire, of Nickel Alloys in Portugal (FOB) - 2022

The average export price for nickel; wire, of nickel alloyses stood at $101,249 per ton in 2022, rising by 185% against the previous year. Overall, the export price, however, saw a drastic downturn. The export price peaked at $372,805 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($842,452 per ton), while the average price for exports to Italy ($67,727 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 the Netherlands (+10.6%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Wire, of Nickel Alloys in Portugal

In 2022, the amount of nickel; wire, of nickel alloyses imported into Portugal shrank rapidly to 55 tons, waning by -27.8% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by 120% against the previous year. As a result, imports attained the peak of 77 tons, and then fell markedly in the following year.

In value terms, nickel; wire, of nickel alloys imports reduced sharply to $1.8M in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 138% against the previous year. As a result, imports reached the peak of $2.5M, and then contracted rapidly in the following year.

Top Suppliers of Nickel; Wire, of Nickel Alloys to Portugal in 2022:

1. Italy (25.4 tons)
2. Germany (18.3 tons)
3. Austria (8.2 tons)
4. Switzerland (1.1 tons)
5. Spain (0.2 tons)

Exports of Nickel; Wire, of Nickel Alloys in Portugal

In 2022, nickel; wire, of nickel alloys exports from Portugal skyrocketed to 402 kg, with an increase of 323% against the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; wire, of nickel alloys exports skyrocketed to $41K in 2022. In general, exports saw prominent growth.

Top Export Markets for Nickel; Wire, of Nickel Alloys from Portugal in 2022:

1. Italy (251.0 kg)
2. Germany (103.0 kg)
3. Spain (31.0 kg)
4. Netherlands (8.0 kg)
5. Hong Kong SAR (2.0 kg)

Source: IndexBox Market Intelligence Platform