Price for Ferrous Waste and Scrap; of Cast Iron in Spain - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Spain (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Spain (CIF) - 2023
3. Exports of Ferrous Waste and Scrap; of Cast Iron in Spain
4. Imports of Ferrous Waste and Scrap; of Cast Iron in Spain

Price for Ferrous Waste and Scrap; of Cast Iron in Spain (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $486 per ton, with a decrease of -1.8% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of cast ira increased by +57.2% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 56%. As a result, the export price attained the peak level of $495 per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,824 per ton), while the average price for exports to Portugal ($393 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 Turkey (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Cast Iron in Spain (CIF) - 2023

In November 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $554 per ton, picking up by 190% against the previous month. Overall, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 284% against the previous month. The import price peaked at $1,037 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Panama ($467 per ton), while the price for the UK ($81.0 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Cuba (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Cast Iron in Spain

After three years of growth, shipments abroad of ferrous waste and scrap; of cast ira decreased by -33.8% to 144K tons in 2022. In general, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 218K tons, and then declined dramatically in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira contracted markedly to $70M in 2022. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 118%. As a result, the exports attained the peak of $108M, and then declined dramatically in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Spain in 2022:

1. Portugal (124.9K tons)
2. Turkey (10.5K tons)
3. Italy (2.5K tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Spain

In 2022, the amount of ferrous waste and scrap; of cast ira imported into Spain fell significantly to 167K tons, which is down by -22.8% on 2021. Overall, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 120% against the previous year. As a result, imports attained the peak of 217K tons, and then declined significantly in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira fell to $68M in 2022. In general, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 104%. As a result, imports reached the peak of $74M, and then reduced in the following year.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Spain in 2022:

1. Turkey (47.1K tons)
2. Libya (32.8K tons)
3. France (30.8K tons)
4. Portugal (20.2K tons)
5. United Kingdom (12.9K tons)
6. Morocco (10.0K tons)
7. Cuba (5.6K tons)
8. Netherlands (1.2K tons)

Source: IndexBox Market Intelligence Platform