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

Contents:

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

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

In October 2023, the average export price for ferrous waste and scrap; of cast ira amounted to $203 per ton, shrinking by -16.6% against the previous month. In general, the export price recorded a deep setback. The most prominent rate of growth was recorded in January 2023 an increase of 77% against the previous month. Over the period under review, the average export prices hit record highs at $513 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From October 2022 to October 2023, the rate of growth in terms of prices for Hungary amounted to +7.3% per month.

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

The average import price for ferrous waste and scrap; of cast ira stood at $551 per ton in 2022, surging by 9.2% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 41%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($643 per ton) and Germany ($510 per ton), while the price for the Netherlands ($469 per ton) and Hungary ($470 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Romania recorded growth in shipments abroad of ferrous waste and scrap; of cast ira, which increased by 37% to 8.2K tons in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 160%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of cast ira surged to $3.4M in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 215%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Hungary (5.1K tons)
2. Germany (1.8K tons)
3. Netherlands (0.4K tons)
4. India (0.4K tons)
5. Austria (0.3K tons)

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

In 2022, imports of ferrous waste and scrap; of cast ira into Romania declined significantly to 3.2K tons, reducing by -24.2% on the previous year's figure. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 163%. As a result, imports reached the peak of 4.3K tons, and then reduced remarkably in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira declined significantly to $1.8M in 2022. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 241%. As a result, imports attained the peak of $2.2M, and then fell dramatically in the following year.

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

1. Poland (1393.5 tons)
2. Netherlands (1255.2 tons)
3. Germany (533.7 tons)
4. Hungary (42.3 tons)
5. France (10.5 tons)

Source: IndexBox Market Intelligence Platform