Price for Ferrous Waste and Scrap; of Cast Iron in Israel - 2024

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

The average export price for ferrous waste and scrap; of cast ira stood at $433 per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 40%. As a result, the export price attained the peak level of $434 per ton, leveling off in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($433 per ton) and Turkey ($433 per ton), while the average price for exports to China ($433 per ton) and Lithuania ($433 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for ferrous waste and scrap; of cast ira stood at $275 per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 64%. The import price peaked at $1,563 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,080 per ton), while the price for Italy stood at $188 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+58.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 105K tons of ferrous waste and scrap; of cast ira were exported from Israel; growing by 3.5% against 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 311% against the previous year. As a result, the exports attained the peak of 135K 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 cast ira amounted to $45M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 321%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Ferrous Waste and Scrap; of Cast Iron in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	6.5	38.3	40.2	37.5	79.4%
United States	N/A	N/A	0.2	5.1	2450.0%
India	0.6	1.0	1.2	0.7	5.3%
Lithuania	N/A	N/A	N/A	0.7	0%
Greece	2.1	1.8	1.4	N/A	-18.4%
Others	0.6	0.7	1.1	1.5	35.7%
Total	9.9	41.9	44.1	45.5	66.3%

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

Turkey (86.7K tons)
United States (11.7K tons)
Lithuania (1.6K tons)
India (1.6K tons)

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

In 2022, the amount of ferrous waste and scrap; of cast ira imported into Israel totaled 18 tons, remaining stable against the previous year. Overall, imports saw a dramatic shrinkage. The smallest decline of 99.9% was in 2021.

In value terms, imports of ferrous waste and scrap; of cast ira amounted to $5K in 2022. Over the period under review, imports showed a precipitous curtailment. The smallest decline of 99.9% was in 2021.