Price for Magnesium; Waste and Scrap in Romania - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Romania (FOB) - 2023
- Price for Magnesium; Waste and Scrap in Romania (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in Romania
- Imports of Magnesium; Waste and Scrap in Romania
Price for Magnesium; Waste and Scrap in Romania (FOB) - 2023
In July 2023, the average magnesium; waste and scrap export price amounted to $3,267 per ton, jumping by 51% against the previous month. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in March 2023 an increase of 106% month-to-month. The export price peaked at $4,654 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the Czech Republic ($4,649 per ton), while the average price for exports to Germany totaled $3,062 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Magnesium; Waste and Scrap in Romania (CIF) - 2022
In 2022, the average magnesium; waste and scrap import price amounted to $2,576 per ton, picking up by 91% against the previous year. Overall, the import price, however, saw a pronounced slump. The import price peaked at $3,257 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($2,620 per ton), while the price for Hungary ($1,192 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Magnesium; Waste and Scrap in Romania
In 2022, exports of magnesium; waste and scraps from Romania contracted notably to 1.7K tons, declining by -51.4% compared with 2021. Over the period under review, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 195% against the previous year. As a result, the exports reached the peak of 3.5K tons, and then fell notably in the following year.
In value terms, magnesium; waste and scrap exports surged to $4.1M in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year.
| Export of Magnesium; Waste and Scrap in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | N/A | 2,676 | 0% |
| Serbia | 328 | 344 | 1,773 | 574 | 20.5% |
| Germany | 3,749 | 1,394 | 849 | 368 | -53.9% |
| Netherlands | 102 | 197 | 378 | 236 | 32.3% |
| Slovenia | 0.1 | 11.1 | 164 | 115 | 947.7% |
| Others | 8.0 | 4.7 | 39.4 | 149 | 165.1% |
| Total | 4,186 | 1,951 | 3,204 | 4,118 | -0.5% |
Top Export Markets for Magnesium; Waste and Scrap from Romania in 2022:
- Serbia (919.3 tons)
- Czech Republic (463.3 tons)
- Slovenia (117.0 tons)
- Germany (92.0 tons)
- Netherlands (63.8 tons)
Imports of Magnesium; Waste and Scrap in Romania
In 2022, purchases abroad of magnesium; waste and scraps increased by 80% to 577 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep setback.
In value terms, magnesium; waste and scrap imports surged to $1.5M in 2022. In general, imports, however, recorded a abrupt contraction.
| Import of Magnesium; Waste and Scrap in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,123 | 1,053 | 327 | 1,465 | -11.6% |
| Hungary | N/A | 430 | 28.3 | 20.9 | -78.0% |
| Austria | N/A | N/A | 61.3 | 0.2 | -99.7% |
| Italy | 416 | 45.9 | 0.1 | N/A | -98.4% |
| Others | 18.6 | 66.2 | 15.2 | 0.1 | -82.5% |
| Total | 2,557 | 1,595 | 432 | 1,486 | -16.5% |
Top Suppliers of Magnesium; Waste and Scrap to Romania in 2022:
- Germany (559.0 tons)
- Hungary (17.5 tons)
- Austria (0.2 tons)
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