Price for Ferrous Waste and Scrap; of Stainless Steel in Bulgaria - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Bulgaria (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in Bulgaria (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Bulgaria
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Bulgaria
Price for Ferrous Waste and Scrap; of Stainless Steel in Bulgaria (FOB) - 2023
The average export price for ferrous waste and scrap; of stainless steels stood at $2,241 per ton in December 2023, jumping by 28% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2023 an increase of 52% m-o-m. As a result, the export price attained the peak level of $2,780 per ton. From February 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was India ($3,977 per ton), while the average price for exports to South Korea totaled $1,541 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Bulgaria (CIF) - 2022
The average import price for ferrous waste and scrap; of stainless steels stood at $1,848 per ton in 2022, falling by -19.8% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of stainless steels increased by +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 64% against the previous year. The import price peaked at $2,772 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($3,515 per ton), while the price for Greece totaled $953 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Bulgaria
Exports of ferrous waste and scrap; of stainless steels from Bulgaria declined dramatically to 9.8K tons in 2022, which is down by -27.3% against the year before. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of 14K tons, and then shrank sharply in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels reduced sharply to $22M in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 140% against the previous year. As a result, the exports reached the peak of $28M, and then dropped markedly in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.6 | 2.6 | 7.9 | 10.0 | 56.7% |
| India | 9.7 | 6.8 | 7.4 | 4.0 | -25.6% |
| Romania | N/A | 0.3 | 6.6 | 2.0 | 158.2% |
| Germany | 0.8 | 0.6 | 1.5 | 1.8 | 31.0% |
| Spain | 0.9 | 1.0 | 1.2 | 1.3 | 13.0% |
| Italy | 0.2 | 0.1 | 0.9 | 1.1 | 76.5% |
| Belgium | N/A | 0.2 | 1.2 | 0.6 | 73.2% |
| Others | 0.4 | 0.3 | 1.7 | 0.7 | 20.5% |
| Total | 14.6 | 11.8 | 28.3 | 21.6 | 13.9% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Bulgaria in 2022:
- Netherlands (4.2K tons)
- India (2.3K tons)
- Italy (0.8K tons)
- Germany (0.8K tons)
- Romania (0.7K tons)
- Belgium (0.4K tons)
- Spain (0.4K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Bulgaria
In 2022, approx. 34 tons of ferrous waste and scrap; of stainless steels were imported into Bulgaria; waning by -36.8% on 2021 figures. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 94%.
In value terms, imports of ferrous waste and scrap; of stainless steels reduced remarkably to $63K in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 218% against the previous year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 11.7 | 39.0 | 124 | 41.7 | 52.8% |
| Greece | N/A | N/A | N/A | 21.0 | 0% |
| Romania | 339 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 351 | 39.0 | 124 | 62.7 | -43.7% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Bulgaria in 2022:
- Greece (22.1 tons)
- North Macedonia (11.9 tons)
349
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bulgaria.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
349
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bulgaria.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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