Price for Ferrous Waste and Scrap; of Stainless Steel in Croatia - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Croatia (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in Croatia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Croatia
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Croatia
Price for Ferrous Waste and Scrap; of Stainless Steel in Croatia (FOB) - 2023
The average export price for ferrous waste and scrap; of stainless steels stood at $1,746 per ton in November 2023, with an increase of 18% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.0%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 38% m-o-m. The export price peaked in November 2023.
Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was Germany ($1,956 per ton), while the average price for exports to Slovenia ($1,331 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Croatia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,801 per ton, surging by 31% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 180%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Austria.
From 2012 to 2022, the rate of growth in terms of prices for Slovenia amounted to +7.4% per year.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Croatia
In 2022, shipments abroad of ferrous waste and scrap; of stainless steels decreased by -3.2% to 8.1K tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 70%. As a result, the exports attained the peak of 9.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ferrous waste and scrap; of stainless steels surged to $13M in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 45%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.6 | 2.7 | 4.3 | 4.6 | 20.9% |
| Slovenia | 3.5 | 2.2 | 1.7 | 4.1 | 5.4% |
| Germany | 0.7 | 0.8 | 2.6 | 2.8 | 58.7% |
| Netherlands | N/A | 0.4 | 0.9 | 0.5 | 11.8% |
| Turkey | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Greece | N/A | 1.0 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
| Total | 6.9 | 7.1 | 10.3 | 12.7 | 22.6% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Croatia in 2022:
- Italy (2.4K tons)
- Slovenia (2.0K tons)
- Turkey (1.7K tons)
- Germany (1.5K tons)
- Netherlands (0.2K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Croatia
In 2022, supplies from abroad of ferrous waste and scrap; of stainless steels decreased by -76.4% to 201 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 160,945% against the previous year. As a result, imports reached the peak of 5.6K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; of stainless steels contracted rapidly to $361K in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 115,331%. As a result, imports reached the peak of $7M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | 950 | 49.9 | 356 | -38.8% |
| Hungary | N/A | 1,735 | 184 | N/A | -89.4% |
| Slovenia | 0.6 | 704 | 311 | N/A | 2176.7% |
| Italy | N/A | 3,595 | 513 | N/A | -85.7% |
| Others | 5.4 | N/A | 111 | 5.4 | 0.0% |
| Total | 6.1 | 6,985 | 1,170 | 361 | 289.7% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Croatia in 2022:
- Austria (198.4 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Croatia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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