Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Estonia - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Estonia (FOB) - 2022
2. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Estonia

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Estonia (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $413 per ton, growing by 8.7% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of tinned iron or steels increased by +87.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 73%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($493 per ton), while the average price for exports to India amounted to $349 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Estonia

Exports of ferrous waste and scrap; of tinned iron or steels from Estonia was estimated at 4.4K tons in 2022, stabilizing at 2021 figures. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of 4.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels rose remarkably to $1.8M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Estonia in 2022:

1. India (2.5K tons)
2. Norway (1.9K tons)

Source: IndexBox Market Intelligence Platform