Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $372 per ton in August 2023, declining by -2.7% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices hit record highs at $455 per ton in April 2023; however, from May 2023 to August 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 Turkey.
From October 2022 to August 2023, the rate of growth in terms of prices for Italy amounted to +1.9% per month.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia (CIF) - 2023
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $346 per ton in August 2023, dropping by -4.4% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in January 2023 an increase of 11% month-to-month. Over the period under review, average import prices attained the maximum at $433 per ton in May 2023; however, from June 2023 to August 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 Bosnia and Herzegovina.
From October 2022 to August 2023, the rate of growth in terms of prices for the Czech Republic amounted to +4.1% per month.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia
For the fourth consecutive year, Croatia recorded growth in shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which increased by 5.5% to 637K tons in 2022. The total export volume increased at an average annual rate of +14.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded sharply to $293M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 58.7 | 107 | 163 | 214 | 53.9% |
| Italy | 36.0 | 25.9 | 50.2 | 37.6 | 1.5% |
| Slovenia | 21.2 | 18.6 | 29.6 | 33.7 | 16.7% |
| Others | 2.3 | 4.3 | 13.9 | 8.2 | 52.8% |
| Total | 118 | 155 | 257 | 293 | 35.4% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Croatia in 2022:
- Turkey (460.1K tons)
- Slovenia (81.1K tons)
- Italy (80.5K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia
For the fourth consecutive year, Croatia recorded growth in purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which increased by 8.9% to 399K tons in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 151%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $174M in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 148% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 7.6 | 17.3 | 56.6 | 66.0 | 105.5% |
| Austria | 0.9 | 6.7 | 10.5 | 28.6 | 216.7% |
| Italy | 1.5 | 10.9 | 11.8 | 21.2 | 141.8% |
| Bosnia and Herzegovina | 6.7 | 10.0 | 27.1 | 18.8 | 41.0% |
| Slovenia | 4.8 | 3.7 | 11.8 | 11.7 | 34.6% |
| Germany | 1.4 | 6.4 | 10.7 | 11.6 | 102.4% |
| Slovakia | 1.4 | 1.6 | 5.8 | 9.5 | 89.3% |
| Others | 0.3 | 0.3 | 7.0 | 6.4 | 177.3% |
| Total | 24.4 | 57.0 | 141 | 174 | 92.5% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Croatia in 2022:
- Hungary (156.6K tons)
- Austria (63.7K tons)
- Italy (46.0K tons)
- Bosnia and Herzegovina (43.1K tons)
- Slovenia (29.1K tons)
- Germany (27.6K tons)
- Slovakia (19.5K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Croatia.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
365
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Croatia.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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