Austria: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Austria

The Austrian metal remelting scrap ingots market plummeted to $X in 2022, reducing by X% against the previous year. In general, consumption, however, enjoyed a noticeable expansion. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Production of Remelting Scrap Ingots Of Iron Or Steel in Austria

In value terms, metal remelting scrap ingots production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Austria

In 2022, overseas shipments of remelting scrap ingots of iron or steel decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped slightly in the following year.

In value terms, metal remelting scrap ingots exports amounted to $X in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Croatia (X tons) and Slovenia (X tons) were the main destinations of metal remelting scrap ingots exports from Austria, together accounting for X% of total exports. The Czech Republic and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Croatia ($X) and Slovenia ($X) constituted the largest markets for metal remelting scrap ingots exported from Austria worldwide, with a combined X% share of total exports. Germany and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal remelting scrap ingots export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to the Czech Republic ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into Austria

In 2022, imports of remelting scrap ingots of iron or steel into Austria contracted to X tons, waning by X% on the year before. Overall, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal remelting scrap ingots imports declined to $X in 2022. Over the period under review, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of metal remelting scrap ingots to Austria, with a X% share of total imports. Moreover, metal remelting scrap ingots imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

In value terms, Poland ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to Austria, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the average metal remelting scrap ingots import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, recorded a mild expansion. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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