Price for Ferrous Waste and Scrap; of Cast Iron in Belgium - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Belgium (CIF) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Belgium (FOB) - 2023
- Imports of Ferrous Waste and Scrap; of Cast Iron in Belgium
- Exports of Ferrous Waste and Scrap; of Cast Iron in Belgium
Price for Ferrous Waste and Scrap; of Cast Iron in Belgium (CIF) - 2023
The average import price for ferrous waste and scrap; of cast ira stood at $347 per ton in October 2023, growing by 4.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in January 2023 an increase of 23% against the previous month. The import price peaked at $373 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +3.3% per month.
Price for Ferrous Waste and Scrap; of Cast Iron in Belgium (FOB) - 2023
The average export price for ferrous waste and scrap; of cast ira stood at $385 per ton in November 2023, waning by -9.2% against the previous month. In general, export price indicated a modest expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for ferrous waste and scrap; of cast ira decreased by -13.6% against September 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 48% against the previous month. As a result, the export price reached the peak level of $648 per ton. From July 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($1,707 per ton), while the average price for exports to India totaled $837 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Cast Iron in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas purchases of ferrous waste and scrap; of cast ira, which increased by 7.8% to 138K tons in 2022. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of ferrous waste and scrap; of cast ira expanded sharply to $46M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Ferrous Waste and Scrap; of Cast Iron in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.4 | 12.4 | 20.8 | 17.6 | 19.2% |
| Netherlands | 9.2 | 7.1 | 16.1 | 15.6 | 19.2% |
| France | 1.6 | 0.7 | 3.5 | 11.6 | 93.5% |
| Iceland | N/A | N/A | N/A | 0.7 | 0% |
| Others | 0.3 | 0.8 | 1.6 | 1.1 | 54.2% |
| Total | 21.5 | 21.0 | 42.1 | 46.5 | 29.3% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Belgium in 2022:
- Germany (53.2K tons)
- Netherlands (43.7K tons)
- France (36.6K tons)
- Iceland (2.1K tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Belgium
In 2022, exports of ferrous waste and scrap; of cast ira from Belgium shrank notably to 36K tons, waning by -43.4% against 2021 figures. Overall, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 38%.
In value terms, exports of ferrous waste and scrap; of cast ira reduced remarkably to $19M in 2022. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 133%. As a result, the exports attained the peak of $34M, and then reduced remarkably in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.6 | 4.5 | 12.0 | 10.7 | 12.1% |
| France | 9.8 | 7.1 | 17.1 | 4.9 | -20.6% |
| Germany | 1.6 | 0.9 | 0.4 | 1.3 | -6.7% |
| Austria | N/A | N/A | N/A | 1.2 | 0% |
| Others | 1.8 | 1.9 | 4.2 | 0.8 | -23.7% |
| Total | 20.9 | 14.5 | 33.8 | 19.0 | -3.1% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Belgium in 2022:
- Netherlands (18.1K tons)
- France (11.2K tons)
- Austria (3.4K tons)
- Germany (2.5K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Belgium.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
394
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Belgium.
694
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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