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United Kingdom - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUnited Kingdom: Market for Remelting Scrap Ingots Of Iron Or Steel 2024
Market Size for Remelting Scrap Ingots Of Iron Or Steel in the UK
The UK metal remelting scrap ingots market surged to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, showed a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.
Production of Remelting Scrap Ingots Of Iron Or Steel in the UK
In value terms, metal remelting scrap ingots production skyrocketed to $X in 2023 estimated in export price. In general, production, however, saw a perceptible decrease. Metal remelting scrap ingots production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.
Exports of Remelting Scrap Ingots Of Iron Or Steel
Exports from the UK
In 2023, shipments abroad of remelting scrap ingots of iron or steel decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.
In value terms, metal remelting scrap ingots exports fell sharply to $X in 2023. Overall, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.
Exports by Country
Belgium (X tons) was the main destination for metal remelting scrap ingots exports from the UK, with a X% share of total exports. It was followed by the United States (X kg), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to Belgium was relatively modest.
In value terms, Belgium ($X) emerged as the key foreign market for remelting scrap ingots of iron or steel exports from the UK, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of value to Belgium stood at X%.
Export Prices by Country
The average metal remelting scrap ingots export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Remelting Scrap Ingots Of Iron Or Steel
Imports into the UK
In 2023, purchases abroad of remelting scrap ingots of iron or steel increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.
In value terms, metal remelting scrap ingots imports soared to $X in 2023. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.
Imports by Country
In 2023, Germany (X tons) was the main metal remelting scrap ingots supplier to the UK, with a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from Germany was relatively modest.
In value terms, Germany ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to the UK.
From 2012 to 2023, the average annual rate of growth in terms of value from Germany was relatively modest.
Import Prices by Country
The average metal remelting scrap ingots import price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price, however, showed a slight increase. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then fell significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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