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

Contents:

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

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

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $185 per ton, surging by 19% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51% against the previous year. As a result, the export price attained the peak level of $282 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($299 per ton), while the average price for exports to Germany ($79 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 Belgium (+1.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $461 per ton, rising by 18% against the previous year. In general, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 81% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($476 per ton), while the price for France ($425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of ferrous waste and scrap; of cast ira from Luxembourg fell notably to 9.6K tons in 2022, which is down by -31.3% compared with 2021. In general, exports faced a deep downturn. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. As a result, the exports attained the peak of 14K tons, and then shrank notably in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira shrank notably to $1.8M in 2022. Over the period under review, exports showed a abrupt shrinkage. The smallest decline of -6.8% was in 2021.

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

1. Belgium (3.5K tons)
2. France (3.2K tons)
3. Germany (2.9K tons)

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

Imports of ferrous waste and scrap; of cast ira into Luxembourg declined remarkably to 750 tons in 2022, reducing by -75.8% on the year before. Overall, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 3.1K tons, and then declined dramatically in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira contracted sharply to $346K in 2022. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $1.2M, and then shrank remarkably in the following year.

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

1. Germany (489.5 tons)
2. Switzerland (195.6 tons)
3. France (65.3 tons)

Source: IndexBox Market Intelligence Platform