Price for Ferrous Waste and Scrap; of Cast Iron in Turkey - 2024

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Turkey (CIF) - 2024
2. Price for Ferrous Waste and Scrap; of Cast Iron in Turkey (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Cast Iron in Turkey
4. Exports of Ferrous Waste and Scrap; of Cast Iron in Turkey

Price for Ferrous Waste and Scrap; of Cast Iron in Turkey (CIF) - 2024

In December 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $356 per ton, leveling off at the previous month. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 15% m-o-m. The import price peaked at $446 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($670 per ton), while the price for France ($210 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $645 per ton, increasing by 7.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. Over the period under review, the average export prices reached the maximum at $989 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($672 per ton) and Egypt ($642 per ton), while the average price for exports to India ($540 per ton) and Romania ($600 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of ferrous waste and scrap; of cast ira into Turkey surged to 60K tons in 2022, with an increase of 146% compared with the previous year. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 341%. As a result, imports attained the peak of 183K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of ferrous waste and scrap; of cast ira soared to $20M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 385% against the previous year. As a result, imports reached the peak of $47M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Syrian Arab Republic (39.7K tons)
2. Cyprus (8.0K tons)
3. Lebanon (3.3K tons)
4. Libya (2.7K tons)
5. Georgia (1.3K tons)
6. United Arab Emirates (1.2K tons)
7. Netherlands (1.2K tons)
8. Croatia (0.1K tons)

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

In 2022, exports of ferrous waste and scrap; of cast ira from Turkey soared to 265 tons, jumping by 26% compared with 2021 figures. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.

In value terms, exports of ferrous waste and scrap; of cast ira soared to $171K in 2022. Overall, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% 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 +88.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Germany (130.5 tons)
2. Egypt (101.7 tons)
3. India (25.7 tons)
4. Romania (5.2 tons)

Source: IndexBox Market Intelligence Platform