Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $418 per ton in 2022, reducing by -28.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 75%. As a result, the export price attained the peak level of $584 per ton, and then dropped significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($853 per ton), while the average price for exports to Turkey ($394 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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $2,071 per ton, growing by 391% against the previous year. Over the period under review, the import price enjoyed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,071 per ton), while the price for Denmark amounted to $2,070 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel
In 2022, approx. 594K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Israel; surging by 27% compared with 2021. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped to $249M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 78% against the previous year. As a result, the exports reached the peak of $273M, and then fell in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 64.9 | 103 | 193 | 189 | 42.8% |
| Greece | 14.2 | 15.7 | 32.1 | 15.4 | 2.7% |
| Netherlands | 5.8 | 4.3 | 10.7 | 11.6 | 26.0% |
| India | 9.9 | 12.7 | 18.1 | 10.5 | 2.0% |
| United States | 0.1 | 0.2 | 0.3 | 5.2 | 273.3% |
| Others | 14.1 | 17.3 | 18.5 | 17.3 | 7.1% |
| Total | 109 | 153 | 273 | 249 | 31.7% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Israel in 2022:
- Turkey (478.7K tons)
- Greece (35.6K tons)
- India (20.7K tons)
- Netherlands (13.5K tons)
- United States (12.0K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel
For the third year in a row, Israel recorded decline in overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels, which decreased by -85.5% to 7.2 tons in 2022. In general, imports saw a dramatic slump. The smallest decline of -46% was in 2021.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted significantly to $15K in 2022. Overall, imports faced a dramatic contraction.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.0 | N/A | 14.0 | 274.2% |
| Denmark | N/A | N/A | N/A | 1.0 | 0% |
| South Korea | 136 | N/A | N/A | N/A | 0% |
| Dominican Republic | 8.0 | N/A | N/A | N/A | 0% |
| Jordan | 14.0 | N/A | N/A | N/A | 0% |
| United Kingdom | 4.0 | 11.0 | N/A | N/A | 175.0% |
| France | 51.0 | N/A | N/A | N/A | 0% |
| Serbia | N/A | 24.0 | N/A | N/A | 0% |
| Turkey | N/A | N/A | 13.0 | N/A | 0% |
| Others | N/A | 1.0 | 8.0 | N/A | 700.0% |
| Total | 213 | 37.0 | 21.0 | 15.0 | -58.7% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Israel in 2022:
- United States (6.8 tons)
- Denmark (0.5 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Israel.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
438
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Israel.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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