Price for Ferrous Waste and Scrap; of Cast Iron in Serbia - 2024

Contents:

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

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

The average import price for ferrous waste and scrap; of cast ira stood at $106 per ton in 2022, shrinking by -92.3% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 117%. Over the period under review, average import prices hit record highs at $1,655 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the Netherlands ($731 per ton), while the price for Switzerland amounted to $75 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.6%).

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

In 2021, the average export price for ferrous waste and scrap; of cast ira amounted to $407 per ton, jumping by 36% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for ferrous waste and scrap; of cast ira increased by +73.8% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was North Macedonia ($416 per ton), while the average price for exports to Romania amounted to $300 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+11.8%), while the prices for the other major destinations experienced a decline.

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

For the third consecutive year, Serbia recorded decline in purchases abroad of ferrous waste and scrap; of cast ira, which decreased by -79.3% to 7.4 tons in 2022. In general, imports recorded a sharp contraction. The smallest decline of -22.7% was in 2021.

In value terms, imports of ferrous waste and scrap; of cast ira dropped dramatically to $782 in 2022. Overall, imports recorded a significant curtailment. The smallest decline of -24.2% was in 2021.

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

1. Switzerland (7.0 tons)
2. Netherlands (0.3 tons)

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

In 2021, approx. 5.5K tons of ferrous waste and scrap; of cast ira were exported from Serbia; rising by 106% on the previous year's figure. Over the period under review, exports, however, recorded a precipitous setback.

In value terms, exports of ferrous waste and scrap; of cast ira soared to $2.2M in 2021. Overall, exports, however, recorded a abrupt setback.

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

1. North Macedonia (4.9K tons)
2. Romania (0.5K tons)

Source: IndexBox Market Intelligence Platform