Price for Ferrous Waste and Scrap; of Cast Iron in Portugal - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Portugal (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Portugal (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Cast Iron in Portugal
- Imports of Ferrous Waste and Scrap; of Cast Iron in Portugal
Price for Ferrous Waste and Scrap; of Cast Iron in Portugal (FOB) - 2023
The average export price for ferrous waste and scrap; of cast ira stood at $899 per ton in November 2023, dropping by -4.8% against the previous month. Over the period under review, export price indicated a pronounced increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.0% 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 -15.5% against September 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 49% against the previous month. Over the period under review, the average export prices hit record highs at $1,072 per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Thailand amounted to +11.0% per month.
Price for Ferrous Waste and Scrap; of Cast Iron in Portugal (CIF) - 2023
In November 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $426 per ton, rising by 31% against the previous month. Overall, import price indicated a moderate increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for ferrous waste and scrap; of cast ira increased by +33.0% against September 2023 indices. The growth pace was the most rapid in February 2023 when the average import price increased by 52% m-o-m. Over the period under review, average import prices attained the maximum at $475 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($728 per ton), while the price for Spain ($227 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 France (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Cast Iron in Portugal
In 2022, exports of ferrous waste and scrap; of cast ira from Portugal dropped notably to 9.6K tons, falling by -41.1% against the previous year's figure. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, the exports reached the peak of 16K tons, and then contracted dramatically in the following year.
In value terms, exports of ferrous waste and scrap; of cast ira shrank sharply to $6.3M in 2022. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of $8.8M, and then declined markedly in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.3 | 3.5 | 7.0 | 4.4 | 0.8% |
| China | N/A | 0.3 | N/A | 0.8 | 63.3% |
| Germany | 0.1 | 0.4 | 1.1 | 0.8 | 100.0% |
| Thailand | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| France | 0.9 | 0.4 | N/A | N/A | -55.6% |
| Others | 0.6 | 0.2 | 0.3 | 0.1 | -45.0% |
| Total | 5.9 | 5.0 | 8.8 | 6.3 | 2.2% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Portugal in 2022:
- Spain (7.0K tons)
- Thailand (1.0K tons)
- Germany (0.7K tons)
- China (0.6K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Portugal
In 2022, the amount of ferrous waste and scrap; of cast ira imported into Portugal contracted to 15K tons, with a decrease of -5.7% compared with the previous year. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of 16K tons, and then fell in the following year.
In value terms, imports of ferrous waste and scrap; of cast ira dropped modestly to $5.4M in 2022. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. As a result, imports reached the peak of $5.4M, and then shrank slightly in the following year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,446 | 2,551 | 4,900 | 2,975 | 27.2% |
| United Kingdom | 156 | 55.7 | N/A | 956 | 83.0% |
| Sweden | 1,033 | N/A | N/A | 623 | -15.5% |
| France | 157 | 118 | 456 | 343 | 29.8% |
| Netherlands | N/A | N/A | N/A | 245 | 0% |
| Sao Tome and Principe | 84.7 | 54.4 | 59.8 | 210 | 35.3% |
| Finland | 397 | N/A | N/A | N/A | 0% |
| Others | 34.4 | 6.7 | 7.2 | 1.9 | -61.9% |
| Total | 3,307 | 2,786 | 5,423 | 5,355 | 17.4% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Portugal in 2022:
- Spain (9.6K tons)
- United Kingdom (2.1K tons)
- Sweden (1.7K tons)
- France (0.7K tons)
- Sao Tome and Principe (0.6K tons)
- Netherlands (0.3K tons)
390
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
675
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
390
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
675
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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