Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania (FOB) - 2023
In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $454 per ton, with an increase of 15% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 31% m-o-m. As a result, the export price attained the peak level of $592 per ton. From June 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Finland ($1,550 per ton), while the average price for exports to India ($316 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $420 per ton, falling by -4.2% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +46.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $438 per ton, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($744 per ton), while the price for Germany ($334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania
After three years of growth, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -26.9% to 932K tons in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 34%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted significantly to $437M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. As a result, the exports attained the peak of $593M, and then dropped sharply in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 163 | 241 | 492 | 350 | 29.0% |
| Bangladesh | N/A | N/A | N/A | 14.2 | 0% |
| Latvia | 8.1 | 8.4 | 18.8 | 13.9 | 19.7% |
| Vietnam | N/A | N/A | N/A | 13.1 | 0% |
| India | 1.2 | 0.2 | 5.8 | 6.3 | 73.8% |
| Belarus | 34.9 | 16.3 | 16.9 | 0.6 | -74.2% |
| Others | 28.8 | 40.3 | 59.0 | 38.3 | 10.0% |
| Total | 236 | 306 | 593 | 437 | 22.8% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Lithuania in 2022:
- Turkey (783.5K tons)
- Bangladesh (38.5K tons)
- Vietnam (38.2K tons)
- Latvia (23.7K tons)
- India (14.0K tons)
- Belarus (1.3K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania
In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -35.5% to 360K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 53%.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped markedly to $151M in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 117%. As a result, imports reached the peak of $245M, and then plummeted in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 20.0 | 26.3 | 57.8 | 36.2 | 21.9% |
| Finland | 13.2 | 18.2 | 28.3 | 30.9 | 32.8% |
| Denmark | 7.3 | 16.3 | 44.1 | 24.2 | 49.1% |
| Latvia | 7.2 | 7.3 | 14.7 | 13.7 | 23.9% |
| Russia | 11.5 | 23.2 | 43.1 | 12.6 | 3.1% |
| Germany | 1.8 | 6.3 | 16.5 | 9.5 | 74.1% |
| United Kingdom | 3.2 | 2.3 | 9.0 | 5.9 | 22.6% |
| Sweden | 4.1 | 4.5 | 14.0 | 3.6 | -4.2% |
| Others | 8.7 | 8.5 | 17.4 | 14.6 | 18.8% |
| Total | 76.9 | 113 | 245 | 151 | 25.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Lithuania in 2022:
- Poland (95.1K tons)
- Finland (81.2K tons)
- Denmark (61.8K tons)
- Latvia (32.7K tons)
- Germany (28.6K tons)
- Russia (17.0K tons)
- United Kingdom (14.0K tons)
- Sweden (9.5K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Lithuania.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
145
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Lithuania.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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