Price for Ferrous Waste and Scrap; of Cast Iron in Finland - 2023

Price for Ferrous Waste and Scrap; of Cast Iron in Finland (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $368 per ton, picking up by 7.2% against the previous year. In general, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 65%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($527 per ton), while the average price for exports to Spain ($268 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 the Netherlands (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Cast Iron in Finland (CIF) - 2022

The average import price for ferrous waste and scrap; of cast ira stood at $425 per ton in 2022, surging by 2.8% against the previous year. Overall, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 118%. As a result, import price reached the peak level of $1,042 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -0.7% per year.

Exports of Ferrous Waste and Scrap; of Cast Iron in Finland

Exports of ferrous waste and scrap; of cast ira from Finland surged to 61K tons in 2022, growing by 42% on the previous year. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 136%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of ferrous waste and scrap; of cast ira surged to $22M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 189%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Ferrous Waste and Scrap; of Cast Iron in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	N/A	2.7	5.5	10.1	93.4%
Latvia	N/A	1.5	3.9	5.9	98.3%
Estonia	0.2	0.5	2.4	4.1	173.7%
Spain	0.5	1.0	0.7	1.5	44.2%
Norway	0.6	0.7	0.9	0.8	10.1%
Sweden	0.8	0.2	0.1	0.1	-50.0%
Germany	0.2	0.5	N/A	N/A	150.0%
Italy	N/A	N/A	0.8	N/A	0%
Others	0.3	0.5	0.5	0.1	-30.7%
Total	2.6	7.6	14.7	22.5	105.3%

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Finland in 2022:

Lithuania (27.4K tons)
Latvia (18.0K tons)
Estonia (7.7K tons)
Spain (5.5K tons)
Norway (2.0K tons)
Sweden (0.2K tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Finland

In 2022, imports of ferrous waste and scrap; of cast ira into Finland shrank dramatically to 728 tons, declining by -30.3% compared with the previous year. Over the period under review, imports saw a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year.

In value terms, imports of ferrous waste and scrap; of cast ira declined sharply to $309K in 2022. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 105%.