Report Update: May 1, 2024

Germany - Remelting Scrap Ingots Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Metal Remelting Scrap Ingots in Germany - 2023

Price for Metal Remelting Scrap Ingots in Germany (CIF) - 2023

The average metal remelting scrap ingots import price stood at $376 per ton in June 2023, which is down by -27.9% against the previous month. Overall, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 74% against the previous month. As a result, import price attained the peak level of $1,179 per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From June 2022 to June 2023, the rate of growth in terms of prices for Russia amounted to +4.0% per month.

Price for Metal Remelting Scrap Ingots in Germany (FOB) - 2022

In 2022, the average metal remelting scrap ingots export price amounted to $272 per ton, which is down by -5.7% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal remelting scrap ingots export price increased by +23.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. As a result, the export price reached the peak level of $378 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($460 per ton), while the average price for exports to Luxembourg ($268 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 Croatia (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Metal Remelting Scrap Ingots in Germany

In 2022, metal remelting scrap ingots imports into Germany contracted rapidly to 8.2K tons, falling by -17.1% compared with the previous year. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 9.8K tons, and then reduced dramatically in the following year.

In value terms, metal remelting scrap ingots imports stood at $6.1M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Metal Remelting Scrap Ingots in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	1.2	1.4	3.5	3.3	40.1%
Kazakhstan	0.6	0.7	1.2	1.5	35.7%
Russia	0.8	0.7	0.9	0.9	4.0%
Poland	2.2	1.0	0.2	0.2	-55.0%
Others	0.1	N/A	0.1	0.3	44.2%
Total	5.0	3.8	5.9	6.1	6.9%

Top Suppliers of Metal Remelting Scrap Ingots to Germany in 2022:

Netherlands (7.0K tons)
Kazakhstan (0.5K tons)
Poland (0.3K tons)
Russia (0.3K tons)

Exports of Metal Remelting Scrap Ingots in Germany

In 2022, overseas shipments of remelting scrap ingots of iron or steel decreased by -13.9% to 3.4K tons, falling for the second year in a row after two years of growth. Overall, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. As a result, the exports attained the peak of 5.6K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal remelting scrap ingots exports dropped remarkably to $913K in 2022. In general, exports showed a perceptible reduction. The growth pace was the most rapid in 2020 when exports increased by 17%. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Metal Remelting Scrap Ingots in Germany (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Luxembourg	957	262	538	568	-16.0%
Austria	101	N/A	N/A	341	50.0%
Croatia	N/A	613	568	N/A	-7.3%
India	N/A	91.5	N/A	N/A	0%
Oman	N/A	271	N/A	N/A	0%
Others	N/A	N/A	19.5	4.5	-76.9%
Total	1,057	1,238	1,125	913	-4.8%

Top Export Markets for Metal Remelting Scrap Ingots from Germany in 2022:

Luxembourg (2.1K tons)
Austria (1.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)

Country coverage:

Germany

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Germany
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023