Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,614 per ton in 2022, rising by 5.5% against the previous year. Over the period under review, the export price recorded a resilient increase. The growth pace was the most rapid in 2014 an increase of 222%. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,675 per ton), while the average price for exports to Lithuania ($1,007 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $856 per ton, growing by 82% against the previous year. Over the period under review, the import price saw slight growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($1,223 per ton), while the price for Russia ($440 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.1%), while the prices for the other major suppliers experienced a decline.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia
In 2022, overseas shipments of ferrous waste and scrap; of alloy steel (excluding stainless)s were finally on the rise to reach 652 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic setback.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $1.1M in 2022. Over the period under review, exports, however, showed a significant decrease.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | 300 | 927 | 209.0% |
| India | 191 | 13.1 | 304 | 105 | -18.1% |
| Lithuania | 397 | 195 | N/A | 18.9 | -63.8% |
| Poland | 135 | 232 | N/A | N/A | 71.9% |
| Slovenia | 714 | 296 | N/A | N/A | -58.5% |
| Estonia | 408 | 222 | 34.0 | N/A | -71.1% |
| Pakistan | 66.4 | 68.3 | 75.7 | N/A | 6.8% |
| Others | 364 | 0.1 | N/A | N/A | -100.0% |
| Total | 2,275 | 1,027 | 713 | 1,051 | -22.7% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Latvia in 2022:
- Malaysia (553.6 tons)
- India (79.2 tons)
- Lithuania (18.7 tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into Latvia contracted dramatically to 467 tons, declining by -94.8% on the previous year. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 248% against the previous year. As a result, imports attained the peak of 9.1K tons, and then reduced markedly in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank markedly to $400K in 2022. Overall, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 152% against the previous year. As a result, imports attained the peak of $2.9M, and then reduced markedly in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 639 | 180 | 284 | 322 | -20.4% |
| Estonia | 328 | 310 | 36.2 | 76.1 | -38.6% |
| United Kingdom | N/A | N/A | 1,335 | N/A | 0% |
| Czech Republic | 41.5 | 39.8 | N/A | N/A | -4.1% |
| Belarus | 570 | 394 | 1,151 | N/A | 42.1% |
| Others | 343 | 208 | 48.2 | 2.1 | -81.7% |
| Total | 1,922 | 1,132 | 2,854 | 400 | -40.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Latvia in 2022:
- Lithuania (402.7 tons)
- Estonia (62.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Latvia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Latvia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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