Price for Aluminium Waste and Scrap in Ireland - 2023
Contents:
- Price for Aluminium Waste and Scrap in Ireland (FOB) - 2023
- Price for Aluminium Waste and Scrap in Ireland (CIF) - 2022
- Exports of Aluminium Waste and Scrap in Ireland
- Imports of Aluminium Waste and Scrap in Ireland
Price for Aluminium Waste and Scrap in Ireland (FOB) - 2023
The average aluminium waste and scrap export price stood at $1,492 per ton in June 2023, rising by 5.1% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 21% m-o-m. The export price peaked at $1,569 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,099 per ton), while the average price for exports to Spain ($836 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 Spain (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in Ireland (CIF) - 2022
In 2022, the average aluminium waste and scrap import price amounted to $1,423 per ton, increasing by 19% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum at $2,275 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,392 per ton), while the price for Sweden ($367 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aluminium Waste and Scrap in Ireland
For the fourth year in a row, Ireland recorded growth in shipments abroad of aluminium waste and scraps, which increased by 35% to 47K tons in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.8% 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 +67.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium waste and scrap exports contracted to $42M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +45.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $48M, and then shrank in the following year.
| Export of Aluminium Waste and Scrap in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 21.3 | 24.3 | 22.9 | 23.2 | 2.9% |
| India | 1.2 | 2.9 | 8.3 | 7.0 | 80.0% |
| Germany | 3.2 | 5.9 | 7.3 | 5.4 | 19.1% |
| Greece | 0.1 | 0.2 | 1.4 | 2.4 | 188.4% |
| China | 1.5 | 1.2 | 0.6 | 1.1 | -9.8% |
| Others | 1.5 | 1.4 | 7.4 | 2.9 | 24.6% |
| Total | 28.8 | 35.9 | 48.0 | 41.9 | 13.3% |
Top Export Markets for Aluminium Waste and Scrap from Ireland in 2022:
- United Kingdom (31.1K tons)
- India (6.2K tons)
- Germany (4.1K tons)
- Greece (1.6K tons)
- China (0.6K tons)
Imports of Aluminium Waste and Scrap in Ireland
In 2022, the amount of aluminium waste and scraps imported into Ireland reduced slightly to 1.4K tons, dropping by -3% compared with the previous year's figure. Over the period under review, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year.
In value terms, aluminium waste and scrap imports surged to $2M in 2022. Overall, imports continue to indicate a abrupt descent.
| Import of Aluminium Waste and Scrap in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,916 | N/A | N/A | 1,479 | -8.3% |
| United States | 409 | N/A | 0.3 | 163 | -26.4% |
| Poland | 169 | 82.6 | 121 | 113 | -12.6% |
| Germany | 35.6 | N/A | N/A | 111 | 46.1% |
| France | 53.3 | N/A | N/A | 41.3 | -8.2% |
| Netherlands | 56.6 | N/A | N/A | 37.9 | -12.5% |
| United Kingdom | 31.4 | 2,179 | 1,597 | 27.6 | -4.2% |
| Others | 64.5 | N/A | 0.1 | 17.3 | -35.5% |
| Total | 2,736 | 2,261 | 1,718 | 1,990 | -10.1% |
Top Suppliers of Aluminium Waste and Scrap to Ireland in 2022:
- Canada (898.8 tons)
- United States (159.4 tons)
- Poland (129.9 tons)
- Netherlands (54.6 tons)
- Germany (46.5 tons)
- France (46.4 tons)
- United Kingdom (25.2 tons)
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