Price for Ferrous Waste and Scrap; of Stainless Steel in Switzerland - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Switzerland (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Stainless Steel in Switzerland (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Switzerland
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Switzerland
Price for Ferrous Waste and Scrap; of Stainless Steel in Switzerland (FOB) - 2024
In January 2024, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,382 per ton, falling by -13% against the previous month. In general, the export price saw a mild slump. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 21% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,824 per ton in February 2023; however, from March 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($2,223 per ton), while the average price for exports to France ($983 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Stainless Steel in Switzerland (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $2,564 per ton, jumping by 46% against the previous year. Over the period under review, the import price continues to indicate strong growth. The growth pace was the most rapid in 2013 an increase of 98%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,764 per ton), while the price for France ($1,711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Switzerland
Exports of ferrous waste and scrap; of stainless steels from Switzerland declined slightly to 69K tons in 2022, reducing by -3.3% compared with 2021 figures. Over the period under review, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% 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 +64.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of 71K tons, and then declined in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels rose to $119M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.7 | 35.7 | 60.6 | 51.4 | 14.0% |
| Italy | 23.1 | 20.0 | 31.6 | 39.3 | 19.4% |
| India | 6.1 | 5.3 | 9.8 | 10.3 | 19.1% |
| Austria | 3.9 | 2.0 | 4.4 | 8.3 | 28.6% |
| France | 4.1 | 3.5 | 6.5 | 4.8 | 5.4% |
| United Arab Emirates | 0.8 | 1.1 | 1.1 | 2.3 | 42.2% |
| Others | 1.0 | 3.1 | 3.5 | 2.9 | 42.6% |
| Total | 73.7 | 70.6 | 117 | 119 | 17.3% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Switzerland in 2022:
- Germany (32.1K tons)
- Italy (22.1K tons)
- India (4.5K tons)
- Austria (4.5K tons)
- France (3.0K tons)
- United Arab Emirates (1.1K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Switzerland
Imports of ferrous waste and scrap; of stainless steels into Switzerland stood at 1.1K tons in 2022, approximately mirroring the previous year. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 280%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of ferrous waste and scrap; of stainless steels surged to $2.9M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 248% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 683 | 489 | 1,382 | 2,235 | 48.5% |
| France | 50.9 | 54.8 | 364 | 418 | 101.8% |
| Italy | 51.0 | 2.6 | 48.4 | 127 | 35.5% |
| Bosnia and Herzegovina | N/A | N/A | 97.8 | 66.0 | -32.5% |
| Others | 89.0 | 8.7 | 40.9 | 4.1 | -64.2% |
| Total | 874 | 555 | 1,932 | 2,851 | 48.3% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Switzerland in 2022:
- Germany (808.8 tons)
- France (244.2 tons)
- Italy (53.9 tons)
- Bosnia and Herzegovina (4.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Switzerland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
420
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Switzerland.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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