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

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Latvia (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Latvia (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Cast Iron in Latvia
4. Exports of Ferrous Waste and Scrap; of Cast Iron in Latvia

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

The average import price for ferrous waste and scrap; of cast ira stood at $572 per ton in 2022, rising by 48% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of cast ira increased by +62.2% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 67%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($2,081 per ton), while the price for Estonia ($236 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+63.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for ferrous waste and scrap; of cast ira stood at $212 per ton in 2022, growing by 45% against the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 72%. The export price peaked at $415 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,363 per ton), while the average price for exports to Estonia ($140 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 (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 1.9K tons of ferrous waste and scrap; of cast ira were imported into Latvia; with a decrease of -72% compared with the year before. Over the period under review, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by 409%. As a result, imports attained the peak of 6.8K tons, and then shrank sharply in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira shrank markedly to $1.1M in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 432% against the previous year. As a result, imports reached the peak of $2.6M, and then fell sharply in the following year.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Latvia in 2022:

1. Lithuania (1128.6 tons)
2. Belarus (390.0 tons)
3. Denmark (261.1 tons)
4. Russia (104.0 tons)

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

For the fourth consecutive year, Latvia recorded growth in shipments abroad of ferrous waste and scrap; of cast ira, which increased by 238% to 749 tons in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of cast ira skyrocketed to $159K in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Estonia (651.5 tons)
2. Lithuania (64.0 tons)
3. Malaysia (33.4 tons)

Source: IndexBox Market Intelligence Platform