Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany (FOB) - 2023
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $378 per ton in September 2023, increasing by 14% against the previous month. Over the period from November 2022 to September 2023, it increased at an average monthly rate of +5.0%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 39% month-to-month. Over the period under review, the average export prices hit record highs in September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Belgium ($781 per ton), while the average price for exports to Austria ($167 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany (CIF) - 2023
In November 2023, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $241 per ton, leveling off at the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 31% m-o-m. The import price peaked at $291 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From November 2022 to November 2023, the rate of growth in terms of prices for Austria amounted to +7.1% per month.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany
In 2022, shipments abroad of ferrous waste and scrap; of tinned iron or steels was finally on the rise to reach 29K tons after two years of decline. Over the period under review, exports, however, showed a abrupt decrease.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels amounted to $8.8M in 2022. In general, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | 2.8 | 2.0 | 2.8 | 3.0 | 2.3% |
| Netherlands | 3.4 | 2.8 | 3.3 | 2.7 | -7.4% |
| Belgium | 1.4 | 1.0 | 1.1 | 0.9 | -13.7% |
| Slovenia | 0.1 | N/A | 0.2 | 0.7 | 91.3% |
| Austria | 0.7 | 0.2 | 0.7 | 0.7 | 0.0% |
| Italy | 0.4 | 0.6 | 0.7 | 0.6 | 14.5% |
| France | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Others | 0.3 | 0.4 | N/A | 0.3 | 0.0% |
| Total | 9.3 | 7.0 | 8.8 | 8.8 | -1.8% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Germany in 2022:
- Luxembourg (13.3K tons)
- Netherlands (6.6K tons)
- Slovenia (3.5K tons)
- Italy (1.8K tons)
- Austria (1.5K tons)
- Belgium (1.4K tons)
- France (0.2K tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany
In 2022, imports of ferrous waste and scrap; of tinned iron or steels into Germany expanded markedly to 13K tons, surging by 8.5% against 2021. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels contracted sharply to $3.2M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 192% against the previous year. As a result, imports attained the peak of $3.8M, and then shrank rapidly in the following year.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 496 | 421 | 316 | 982 | 25.6% |
| Netherlands | 195 | 583 | 1,760 | 819 | 61.3% |
| Switzerland | 384 | 132 | 812 | 530 | 11.3% |
| Austria | 97.9 | 126 | 373 | 441 | 65.2% |
| Denmark | N/A | N/A | 264 | 324 | 22.7% |
| France | 164 | N/A | 92.1 | 40.6 | -37.2% |
| Others | 33.2 | 57.1 | 230 | 101 | 44.9% |
| Total | 1,370 | 1,319 | 3,848 | 3,238 | 33.2% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Germany in 2022:
- Poland (5.0K tons)
- Netherlands (3.9K tons)
- Switzerland (2.0K tons)
- Austria (1.4K tons)
- Denmark (0.9K tons)
- France (0.1K tons)
411
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Germany.
678
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
411
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Germany.
678
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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