Price for Ferrous Waste and Scrap; of Stainless Steel in Portugal - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Stainless Steel in Portugal (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Stainless Steel in Portugal (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Stainless Steel in Portugal
4. Imports of Ferrous Waste and Scrap; of Stainless Steel in Portugal

Price for Ferrous Waste and Scrap; of Stainless Steel in Portugal (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,361 per ton in 2022, increasing by 4.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 48%. Over the period under review, the average export prices hit record highs at $1,462 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,086 per ton), while the average price for exports to Spain ($1,327 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ferrous Waste and Scrap; of Stainless Steel in Portugal (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $1,425 per ton in 2022, rising by 48% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 57%. Over the period under review, average import prices attained the peak figure at $2,484 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,800 per ton), while the price for France ($1,862 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Portugal

In 2022, the amount of ferrous waste and scrap; of stainless steels exported from Portugal declined to 32K tons, with a decrease of -11.3% compared with 2021 figures. In general, exports continue to indicate a mild setback. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of 36K tons, and then declined in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels reduced to $43M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +72.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. As a result, the exports reached the peak of $46M, and then shrank in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Portugal in 2022:

1. Spain (29.9K tons)
2. Netherlands (1.0K tons)
3. India (0.6K tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Portugal

In 2022, imports of ferrous waste and scrap; of stainless steels into Portugal contracted markedly to 1.1K tons, declining by -26.6% on the year before. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 734%. As a result, imports attained the peak of 1.6K tons, and then fell sharply in the following year.

In value terms, imports of ferrous waste and scrap; of stainless steels amounted to $1.6M in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 405%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Portugal in 2022:

1. Spain (520.2 tons)
2. France (126.8 tons)
3. Germany (70.0 tons)

Source: IndexBox Market Intelligence Platform