Price for Ferrous Waste and Scrap; of Cast Iron in Greece - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Greece (FOB) - 2023
2. Price for Ferrous Waste and Scrap; of Cast Iron in Greece (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Cast Iron in Greece
4. Imports of Ferrous Waste and Scrap; of Cast Iron in Greece

Price for Ferrous Waste and Scrap; of Cast Iron in Greece (FOB) - 2023

The average export price for ferrous waste and scrap; of cast ira stood at $4,485 per ton in November 2023, picking up by 1,454% against the previous month. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in September 2023 when the average export price increased by 2,319% month-to-month. The export price peaked at $5,180 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Bulgaria ($7,922 per ton), while the average price for exports to Malaysia ($1,819 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Cast Iron in Greece (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $618 per ton, growing by 32% against the previous year. Overall, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($1,332 per ton), while the price for Malta ($450 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+55.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Cast Iron in Greece

Exports of ferrous waste and scrap; of cast ira from Greece skyrocketed to 28K tons in 2022, with an increase of 165% against the year before. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 235%. As a result, the exports reached the peak of 30K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ferrous waste and scrap; of cast ira surged to $12M in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 185% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Greece in 2022:

1. Albania (21.4K tons)
2. Bulgaria (2.7K tons)
3. Netherlands (1.3K tons)
4. Germany (1.2K tons)
5. India (0.7K tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Greece

In 2022, the amount of ferrous waste and scrap; of cast ira imported into Greece skyrocketed to 10K tons, with an increase of 87% on the previous year's figure. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,989%. As a result, imports reached the peak of 31K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ferrous waste and scrap; of cast ira surged to $6.3M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,582% against the previous year. As a result, imports attained the peak of $8.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Greece in 2022:

1. Lebanon (9.1K tons)
2. Cyprus (0.7K tons)
3. Malta (0.3K tons)

Source: IndexBox Market Intelligence Platform