Price for Ferrous Waste and Scrap; of Cast Iron in Norway - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Norway (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Cast Iron in Norway (CIF) - 2024
- Exports of Ferrous Waste and Scrap; of Cast Iron in Norway
- Imports of Ferrous Waste and Scrap; of Cast Iron in Norway
Price for Ferrous Waste and Scrap; of Cast Iron in Norway (FOB) - 2024
The average export price for ferrous waste and scrap; of cast ira stood at $423 per ton in December 2023, with an increase of 13% against the previous month. Over the period from January 2023 to December 2023, it increased at an average monthly rate of +1.0%. The export price peaked at $463 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Sweden ($1,466 per ton), while the average price for exports to Namibia ($347 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Norway (CIF) - 2024
In December 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $363 per ton, which is down by -2.9% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 68% month-to-month. Over the period under review, average import prices hit record highs at $693 per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From January 2023 to December 2023, the rate of growth in terms of prices for Finland amounted to +4.5% per month.
Exports of Ferrous Waste and Scrap; of Cast Iron in Norway
For the fourth year in a row, Norway recorded growth in shipments abroad of ferrous waste and scrap; of cast ira, which increased by 25% to 117K tons in 2022. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of cast ira skyrocketed to $52M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Ferrous Waste and Scrap; of Cast Iron in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 7.6 | 14.4 | 31.6 | 28.5 | 55.4% |
| India | 10.9 | 3.2 | 1.0 | 9.6 | -4.1% |
| Germany | 1.9 | 3.0 | 0.5 | 5.4 | 41.6% |
| Netherlands | N/A | 1.8 | 5.7 | 4.9 | 65.0% |
| Denmark | 0.8 | N/A | 0.8 | 1.4 | 20.5% |
| Bangladesh | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Others | 2.6 | 2.6 | 2.0 | 1.8 | -11.5% |
| Total | 23.9 | 25.0 | 41.8 | 52.4 | 29.9% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Norway in 2022:
- Pakistan (62.9K tons)
- India (19.5K tons)
- Germany (13.4K tons)
- Netherlands (12.6K tons)
- Denmark (4.0K tons)
- Bangladesh (2.0K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Norway
After three years of growth, overseas purchases of ferrous waste and scrap; of cast ira decreased by -55.6% to 24K tons in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 167%. As a result, imports attained the peak of 54K tons, and then declined markedly in the following year.
In value terms, imports of ferrous waste and scrap; of cast ira declined sharply to $11M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 311% against the previous year. As a result, imports attained the peak of $21M, and then contracted significantly in the following year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.6 | 4.9 | 9.5 | 7.3 | 65.9% |
| Finland | 1.4 | 0.1 | 3.0 | 3.3 | 33.1% |
| Denmark | 2.7 | N/A | 8.9 | N/A | 81.6% |
| Others | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Total | 5.8 | 5.2 | 21.4 | 10.7 | 22.6% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Norway in 2022:
- Sweden (16.8K tons)
- Finland (7.2K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Norway.
677
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
355
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Norway.
677
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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