Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal (FOB) - 2023
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $421 per ton, with an increase of 12% against the previous year. Over the period under review, the import price saw a modest increase. The pace of growth appeared the most rapid in 2018 an increase of 48%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Venezuela ($428 per ton), while the price for Spain ($406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal (FOB) - 2023
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $483 per ton in November 2023, with a decrease of -20.4% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 124% against the previous month. The export price peaked at $722 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to +0.2% per month.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal
For the fourth consecutive year, Portugal recorded growth in purchases abroad of ferrous waste and scrap; of tinned iron or steels, which increased by 58% to 22K tons in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels skyrocketed to $9.4M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 157%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 2.8 | 5.1 | 82.1% |
| Venezuela | N/A | N/A | N/A | 3.8 | 0% |
| Spain | 1.0 | 1.0 | 2.3 | 0.5 | -20.6% |
| Norway | N/A | 1.0 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 1.0 | 2.1 | 5.4 | 9.4 | 111.0% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Portugal in 2022:
- United Kingdom (12.3K tons)
- Venezuela (8.8K tons)
- Spain (1.2K tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal
Exports of ferrous waste and scrap; of tinned iron or steels from Portugal surged to 14K tons in 2022, growing by 109% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt decrease.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels surged to $7.4M in 2022. In general, exports recorded a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.3 | 1.4 | 3.0 | 7.4 | 5.5% |
| Others | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Total | 6.6 | 1.6 | 3.1 | 7.4 | 3.9% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Portugal in 2022:
- Spain (14.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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