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

Contents:

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

Price for Ferrous Waste and Scrap; of Cast Iron in Lithuania (FOB) - 2022

The average export price for ferrous waste and scrap; of cast ira stood at $428 per ton in 2022, growing by 2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 79%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($437 per ton), while the average price for exports to Latvia stood at $389 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for ferrous waste and scrap; of cast ira stood at $370 per ton in 2022, rising by 4.6% against the previous year. Over the period under review, the import price saw modest growth. The most prominent rate of growth was recorded in 2014 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual 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 Sweden ($371 per ton), while the price for Poland amounted to $230 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas shipments of ferrous waste and scrap; of cast ira decreased by -8.2% to 5.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. As a result, the exports reached the peak of 5.6K tons, and then contracted in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira dropped to $2.2M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 211%. As a result, the exports attained the peak of $2.3M, and then dropped in the following year.

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

1. Poland (3.2K tons)
2. Latvia (1.8K tons)

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

Imports of ferrous waste and scrap; of cast ira into Lithuania fell notably to 496 tons in 2022, waning by -81.9% against 2021 figures. Over the period under review, imports saw a sharp setback. The smallest decline of -24.8% was in 2021.

In value terms, imports of ferrous waste and scrap; of cast ira reduced rapidly to $184K in 2022. Overall, imports saw a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 6.5% against the previous year. As a result, imports attained the peak of $971K, and then reduced markedly in the following year.

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

1. Sweden (464.5 tons)
2. Poland (23.7 tons)

Source: IndexBox Market Intelligence Platform