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

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

In September 2023, the average export price for ferrous waste and scrap; of cast ira amounted to $351 per ton, rising by 2.8% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in January 2023 an increase of 13% m-o-m. The export price peaked at $401 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In September 2023, the highest price was recorded for prices to Austria ($394 per ton) and Croatia ($367 per ton), while the average price for exports to Poland ($288 per ton) and Slovenia ($300 per ton) were amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $413 per ton, with an increase of 5.7% against the previous year. Overall, the import price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 97% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Poland ($1,089 per ton), while the price for Slovakia ($341 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of ferrous waste and scrap; of cast ira exported from Hungary dropped markedly to 98K tons, with a decrease of -21.1% compared with the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of 124K tons, and then shrank notably in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira dropped significantly to $38M in 2022. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2021 when exports increased by 125% against the previous year. As a result, the exports attained the peak of $46M, and then contracted rapidly in the following year.

Export of Ferrous Waste and Scrap; of Cast Iron in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	4.5	5.0	13.9	12.5	40.6%
Austria	2.7	4.3	10.2	9.6	52.6%
Croatia	2.2	1.6	3.4	5.8	38.1%
Slovenia	7.3	5.1	9.8	4.5	-14.9%
Poland	0.3	0.1	0.4	1.9	85.0%
Romania	4.4	3.3	7.0	1.8	-25.8%
Slovakia	0.2	0.5	0.1	1.2	81.7%
Germany	1.1	0.6	1.5	0.5	-23.1%
Others	0.2	0.3	0.1	0.3	14.5%
Total	23.0	20.6	46.4	38.0	18.2%

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

Italy (32.6K tons)
Austria (21.8K tons)
Croatia (15.5K tons)
Slovenia (12.7K tons)
Poland (5.3K tons)
Romania (4.3K tons)
Slovakia (3.6K tons)
Germany (1.3K tons)

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

In 2022, approx. 12K tons of ferrous waste and scrap; of cast ira were imported into Hungary; rising by 68% compared with the previous year. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of cast ira skyrocketed to $5M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Ferrous Waste and Scrap; of Cast Iron in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	791	1,415	2,496	3,244	60.1%
Poland	N/A	N/A	170	526	209.4%
Germany	0.2	18.7	32.7	435	1195.6%
Slovenia	18.2	N/A	N/A	314	158.4%
Romania	24.7	1.1	61.6	251	116.6%
Austria	555	145	41.9	210	-27.7%
Czech Republic	259	82.4	N/A	N/A	-68.2%
Others	N/A	23.9	1.2	N/A	-95.0%
Total	1,648	1,686	2,804	4,980	44.6%