Price for Ferrous Waste and Scrap; of Cast Iron in Russia - 2022

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

The average export price for ferrous waste and scrap; of cast ira stood at $342 per ton in 2022, falling by -31.2% against the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 113%. Over the period under review, the average export prices attained the maximum at $497 per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($1,106 per ton), while the average price for exports to China ($203 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 Sweden (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $399 per ton, increasing by 6.4% against the previous year. Over the period under review, the import price enjoyed perceptible growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 80%. The import price peaked at $525 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($481 per ton), while the price for Kazakhstan totaled $332 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%).

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

In 2022, exports of ferrous waste and scrap; of cast ira from Russia skyrocketed to 27K tons, rising by 75% against the year before. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 92% against the previous year. As a result, the exports attained the peak of 38K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ferrous waste and scrap; of cast ira surged to $9.1M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 decreased by -14.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 73% against the previous year. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Ferrous Waste and Scrap; of Cast Iron in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	0.5	4.0	7.2	279.5%
Latvia	N/A	0.1	0.1	1.2	246.4%
Estonia	0.1	0.4	0.2	0.7	91.3%
China	N/A	N/A	N/A	0.1	0%
Spain	3.0	N/A	2.2	N/A	-14.4%
Netherlands	N/A	N/A	0.8	N/A	0%
Sweden	1.0	2.1	0.3	N/A	-45.2%
Belarus	1.3	1.3	N/A	N/A	0.0%
Turkey	N/A	6.0	N/A	N/A	0%
Others	0.8	0.3	N/A	N/A	-62.5%
Total	6.2	10.7	7.6	9.1	13.6%

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

Germany (24.6K tons)
Latvia (1.1K tons)
Estonia (0.7K tons)
China (0.4K tons)

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

In 2022, imports of ferrous waste and scrap; of cast ira into Russia dropped significantly to 36K tons, shrinking by -40.4% against the previous year's figure. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 423%. As a result, imports attained the peak of 61K tons, and then fell significantly in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira reduced sharply to $14M in 2022. Over the period under review, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 273%. As a result, imports reached the peak of $23M, and then declined dramatically in the following year.