Price for Aluminium Waste and Scrap in Estonia - 2024

Contents:

1. Price for Aluminium Waste and Scrap in Estonia (FOB) - 2024
2. Price for Aluminium Waste and Scrap in Estonia (CIF) - 2024
3. Exports of Aluminium Waste and Scrap in Estonia
4. Imports of Aluminium Waste and Scrap in Estonia

Price for Aluminium Waste and Scrap in Estonia (FOB) - 2024

In March 2024, the average aluminium waste and scrap export price amounted to $1,661 per ton, declining by -7.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 24% m-o-m. As a result, the export price reached the peak level of $1,915 per ton. From October 2023 to March 2024, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In March 2024, the countries with the highest prices were Poland ($1,884 per ton) and Lithuania ($1,857 per ton), while the average price for exports to Finland ($1,356 per ton) and Pakistan ($1,474 per ton) were amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium Waste and Scrap in Estonia (CIF) - 2024

The average aluminium waste and scrap import price stood at $2,159 per ton in March 2024, with an increase of 6.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average import price increased by 38% against the previous month. As a result, import price reached the peak level of $2,980 per ton. From December 2023 to March 2024, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2024, the highest price was recorded for prices from the Netherlands ($2,212 per ton) and Latvia ($2,202 per ton), while the price for Finland ($1,985 per ton) and Lithuania ($2,177 per ton) were amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Romania (+217.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium Waste and Scrap in Estonia

Aluminium waste and scrap exports from Estonia amounted to 15K tons in 2022, approximately mirroring the previous year's figure. The total export volume increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, aluminium waste and scrap exports soared to $30M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Aluminium Waste and Scrap from Estonia in 2022:

1. Finland (5.1K tons)
2. Germany (3.4K tons)
3. Latvia (2.1K tons)
4. Poland (1.3K tons)
5. Lithuania (0.6K tons)
6. India (0.5K tons)
7. France (0.5K tons)
8. Pakistan (0.4K tons)
9. Slovenia (0.3K tons)
10. Austria (0.3K tons)

Imports of Aluminium Waste and Scrap in Estonia

For the fourth year in a row, Estonia recorded growth in purchases abroad of aluminium waste and scraps, which increased by 37% to 3.8K tons in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 203% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, aluminium waste and scrap imports soared to $8.1M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 184% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium Waste and Scrap to Estonia in 2022:

1. Latvia (1958.7 tons)
2. Austria (457.0 tons)
3. Russia (380.1 tons)
4. Ukraine (246.6 tons)
5. Poland (233.6 tons)
6. Finland (204.5 tons)
7. Ireland (151.7 tons)
8. Cyprus (151.6 tons)
9. United Kingdom (0.4 tons)

Source: IndexBox Market Intelligence Platform