Germany: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Germany

In 2022, the German metal remelting scrap ingots market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Metal remelting scrap ingots consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in Germany

In value terms, metal remelting scrap ingots production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Germany

In 2022, shipments abroad of remelting scrap ingots of iron or steel decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal remelting scrap ingots exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Luxembourg (X tons), Austria (X tons) and the Netherlands (X tons) were the main destinations of metal remelting scrap ingots exports from Germany.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for metal remelting scrap ingots exported from Germany were Luxembourg ($X), Austria ($X) and the Netherlands ($X), together accounting for X% of total exports.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average metal remelting scrap ingots export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Luxembourg ($X 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 Croatia (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 Germany

In 2022, approx. X tons of remelting scrap ingots of iron or steel were imported into Germany; declining by X% on the year before. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, metal remelting scrap ingots imports contracted to $X in 2022. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of metal remelting scrap ingots to Germany, with a X% share of total imports. Moreover, metal remelting scrap ingots imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Russia (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to Germany, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Russia (X% per year).

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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