Price for Aluminium Waste and Scrap in Belgium - 2023
Contents:
- Price for Aluminium Waste and Scrap in Belgium (FOB) - 2023
- Price for Aluminium Waste and Scrap in Belgium (CIF) - 2023
- Exports of Aluminium Waste and Scrap in Belgium
- Imports of Aluminium Waste and Scrap in Belgium
Price for Aluminium Waste and Scrap in Belgium (FOB) - 2023
In June 2023, the average aluminium waste and scrap export price amounted to $1,684 per ton, rising by 2.6% against the previous month. Overall, the export price, however, saw a mild decrease. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 8.2% month-to-month. The export price peaked at $1,963 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Luxembourg ($2,312 per ton), while the average price for exports to the Netherlands ($1,084 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in Belgium (CIF) - 2023
In June 2023, the average aluminium waste and scrap import price amounted to $1,331 per ton, which is down by -5.5% against the previous month. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in December 2022 an increase of 13% against the previous month. The import price peaked at $1,910 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($2,577 per ton), while the price for Denmark ($727 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium Waste and Scrap in Belgium
Aluminium waste and scrap exports from Belgium contracted to 359K tons in 2022, which is down by -7.1% compared with 2021 figures. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 386K tons, and then shrank in the following year.
In value terms, aluminium waste and scrap exports shrank notably to $455M in 2022. Overall, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.5% 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 +38.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 76% against the previous year. As a result, the exports reached the peak of $580M, and then declined sharply in the following year.
| Export of Aluminium Waste and Scrap in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 107 | 101 | 152 | 142 | 9.9% |
| Netherlands | 65.6 | 35.4 | 62.1 | 56.0 | -5.1% |
| India | 19.6 | 28.7 | 66.3 | 42.6 | 29.5% |
| Malaysia | 1.0 | 8.5 | 29.8 | 29.5 | 209.0% |
| France | 45.4 | 23.5 | 34.1 | 28.3 | -14.6% |
| Italy | 27.0 | 16.3 | 25.7 | 24.3 | -3.5% |
| Turkey | 19.1 | 20.7 | 38.8 | 23.8 | 7.6% |
| Thailand | 0.8 | 4.7 | 11.9 | 16.3 | 173.1% |
| Luxembourg | 7.6 | 7.2 | 12.0 | 13.1 | 19.9% |
| South Korea | 22.7 | 16.4 | 20.3 | 12.9 | -17.2% |
| Spain | 7.6 | 4.6 | 13.6 | 11.3 | 14.1% |
| Pakistan | 8.9 | 7.7 | 15.8 | 9.6 | 2.6% |
| China | 37.2 | 23.4 | 23.7 | 8.8 | -38.2% |
| Others | 41.0 | 31.3 | 74.0 | 35.4 | -4.8% |
| Total | 411 | 329 | 580 | 455 | 3.4% |
Top Export Markets for Aluminium Waste and Scrap from Belgium in 2022:
- Germany (93.0K tons)
- Netherlands (57.8K tons)
- France (34.2K tons)
- India (31.7K tons)
- Malaysia (21.7K tons)
- Turkey (20.1K tons)
- Italy (18.0K tons)
- Thailand (13.2K tons)
- Spain (9.4K tons)
- Pakistan (9.0K tons)
- South Korea (8.9K tons)
- Luxembourg (8.5K tons)
- China (6.7K tons)
Imports of Aluminium Waste and Scrap in Belgium
For the fourth year in a row, Belgium recorded growth in purchases abroad of aluminium waste and scraps, which increased by 0.7% to 276K tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 8.9% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, aluminium waste and scrap imports declined to $308M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports attained the peak of $360M, and then fell in the following year.
| Import of Aluminium Waste and Scrap in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 59.8 | 59.0 | 104 | 70.2 | 5.5% |
| Netherlands | 68.0 | 64.9 | 98.0 | 65.8 | -1.1% |
| United States | 2.8 | 9.1 | 8.4 | 30.5 | 121.7% |
| Germany | 54.9 | 45.7 | 55.5 | 28.6 | -19.5% |
| Australia | 16.6 | 18.8 | 37.4 | 27.8 | 18.8% |
| Slovakia | N/A | 2.1 | 0.3 | 15.3 | 169.9% |
| United Kingdom | 9.2 | 14.0 | 8.3 | 11.9 | 9.0% |
| Denmark | 3.6 | 8.1 | 8.5 | 6.4 | 21.1% |
| Switzerland | 4.6 | 6.0 | 4.4 | 4.9 | 2.1% |
| Others | 19.3 | 28.2 | 35.1 | 46.8 | 34.3% |
| Total | 239 | 256 | 360 | 308 | 8.8% |
Top Suppliers of Aluminium Waste and Scrap to Belgium in 2022:
- France (96.6K tons)
- Netherlands (59.2K tons)
- Germany (26.2K tons)
- United States (18.4K tons)
- Australia (14.6K tons)
- United Kingdom (11.8K tons)
- Slovakia (7.7K tons)
- Denmark (7.6K tons)
- Switzerland (5.4K tons)
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