Price for Ferrous Waste and Scrap; of Cast Iron in Sweden - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Sweden (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Sweden (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Cast Iron in Sweden
- Imports of Ferrous Waste and Scrap; of Cast Iron in Sweden
Price for Ferrous Waste and Scrap; of Cast Iron in Sweden (FOB) - 2023
In November 2023, the average export price for ferrous waste and scrap; of cast ira amounted to $366 per ton, approximately reflecting the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 20% month-to-month. Over the period under review, the average export prices hit record highs at $406 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was India ($467 per ton), while the average price for exports to Norway stood at $308 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Sweden (CIF) - 2023
The average import price for ferrous waste and scrap; of cast ira stood at $764 per ton in November 2023, growing by 4.2% against the previous month. Overall, the import price posted a temperate expansion. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 128% m-o-m. As a result, import price reached the peak level of $995 per ton. From June 2023 to November 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From November 2022 to November 2023, the rate of growth in terms of prices for Norway amounted to +27.6% per month.
Exports of Ferrous Waste and Scrap; of Cast Iron in Sweden
In 2022, shipments abroad of ferrous waste and scrap; of cast ira decreased by -22.1% to 47K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2020 when exports increased by 16%. As a result, the exports attained the peak of 61K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ferrous waste and scrap; of cast ira reduced sharply to $18M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +30.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of $22M, and then declined sharply in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.0 | 5.6 | 6.3 | 4.8 | 68.7% |
| Norway | 2.4 | 2.4 | 3.6 | 4.1 | 19.5% |
| Finland | 0.8 | 1.2 | 3.3 | 3.0 | 55.4% |
| India | 0.3 | 2.7 | 2.0 | 2.5 | 102.7% |
| Denmark | 9.2 | 3.8 | 6.9 | 1.3 | -47.9% |
| Netherlands | N/A | N/A | N/A | 0.9 | 0% |
| Portugal | N/A | N/A | N/A | 0.7 | 0% |
| Spain | N/A | 1.0 | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.6 | 144.9% |
| Total | 13.7 | 16.9 | 22.1 | 17.9 | 9.3% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Sweden in 2022:
- Norway (14.1K tons)
- Germany (12.1K tons)
- Finland (8.3K tons)
- India (4.9K tons)
- Denmark (3.1K tons)
- Portugal (1.9K tons)
- Netherlands (1.4K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Sweden
In 2022, approx. 12K tons of ferrous waste and scrap; of cast ira were imported into Sweden; waning by -7.6% compared with 2021 figures. Overall, imports showed a abrupt decline.
In value terms, imports of ferrous waste and scrap; of cast ira reached $7.9M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 16%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Cast Iron in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.1 | 2.7 | 2.8 | 4.1 | 9.8% |
| Denmark | 1.1 | 2.1 | 2.3 | 2.9 | 38.1% |
| Norway | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
| Finland | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Russia | 1.0 | 1.1 | 0.3 | N/A | -45.2% |
| Lithuania | N/A | 1.0 | N/A | N/A | 0% |
| Poland | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.5 | 0.2 | N/A | 0.4 | -7.2% |
| Total | 6.2 | 7.2 | 7.7 | 7.9 | 8.4% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Sweden in 2022:
- Denmark (6.1K tons)
- Germany (4.0K tons)
- Norway (0.7K tons)
- Finland (0.5K tons)
405
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sweden.
680
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
405
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sweden.
680
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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