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

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

The Benelux metal remelting scrap ingots market declined slightly to $X in 2022, approximately equating the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Remelting Scrap Ingots Of Iron Or Steel in Benelux

In value terms, metal remelting scrap ingots production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted a moderate expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports in Benelux

Metal remelting scrap ingots exports soared to X tons in 2022, jumping by X% on the year before. Over the period under review, exports, however, saw a precipitous decline. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal remelting scrap ingots exports soared to $X in 2022. Overall, exports, however, faced a sharp decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports.

Belgium was also the fastest-growing in terms of the remelting scrap ingots of iron or steel exports, with a CAGR of X% from 2012 to 2022. The Netherlands (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports in Benelux

In 2022, after four years of decline, there was significant growth in overseas purchases of remelting scrap ingots of iron or steel, when their volume increased by X% to X tons. In general, imports, however, continue to indicate a precipitous decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal remelting scrap ingots imports skyrocketed to $X in 2022. Overall, imports, however, showed a significant decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Belgium (X tons), generating a X% share of total imports.

Imports into the Netherlands decreased at an average annual rate of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported remelting scrap ingots of iron or steel in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

In the Netherlands, metal remelting scrap ingots imports shrank by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :