Going to waste: Significant declines in global metal prices have caused revenue to fall

Firms in the Waste and Scrap Wholesaling industry wholesale or resell metal and non-metal waste and scrap. These products are exported or sold to downstream customers, often manufacturers, or to recyclers and processors. Scrap metal is the most common product sold by the industry, while paper and cardboard is also a major product segment. Industry revenue volatility has been high over the past five years due to price and demand fluctuations in key global metal markets. Global metal prices have slumped in response to oversupply and weaker demand from China. Despite rising sharply in 2017, metal prices are forecast to contract again in the current year...read more.

Industry Statistics & Market Size
Revenue
£2.6bn
Annual Growth 14-19
-7.7%
Forecast Growth 19-24
Profit
Employment
9,139
Businesses
1,608
Market Share of Companies

Industry Threats & Opportunities

  • The supply of waste has fallen as suppliers limit output in the hope of future price increases
  • Industry profit has been dented in the past few years by the significant decline in global metal prices
  • Rising output is expected to encourage growth in establishments numbers in the latter half of the period
  • Industry Report - Industry Key Buyers Chapter

    The four largest firms operating in the industry are estimated to account for 21.5% of revenue in 2018-19, indicating that the industry has a low level of concentration. There are several medium-size firms operating in the industry, but the majority are small, independently operated companies. The fragmented nature of the industry can be illustrated by the fact that 85.7% of industry operators employ fewer than 10 people and just 1.2% employ 50 or more.Although the industry's concentration level is low, it has increased over the past five years. This is largely due to consolidation. Sims Group UK Ltd has acquired several recycling and e-cycling companies over the past few years, which has contributed to revenue and market share growth. Eur...purchase to read more.

    Additional Insights for the Waste & Scrap Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Waste & Scrap Wholesaling Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Economies of scale
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Demand from iron and steel manufacturing and Demand from plastic packing goods manufacturing in the Waste & Scrap Wholesaling industry impact industry performance..

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    What's in this report

    What is the Waste & Scrap Wholesaling Industry?

    Firms in this industry wholesale metal and non-metal waste and scrap for recycling. This involves collecting, sorting and separating waste. It also involves stripping used goods, such as cars, to obtain reusable parts. Industry operators do not process the material they collect in any way.

    Industry Products
  • Paper and cardboard
  • Metal
  • Plastic
  • Glass
  • Rubber
  • Industry Activities
  • Wholesaling metal waste and scrap for recycling
  • Wholesaling non-metal waste and scrap for recycling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from iron and steel manufacturing
  • Demand from plastic packing goods manufacturing
  • World price of iron ore
  • Public concern over environmental issues

  • Current Performance
  • Demand fluctuations
  • British steel
  • Mixed margins
  • Environmental trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady output
  • Constructing demand for metals
  • Moderate growth
  • Table: Waste & Scrap Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Waste & Scrap Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sorted Material Recovery

  • Key Selling Industries
  • Commercial Building Construction
  • Consumers
  • Metal Structure Manufacturing

  • Products & Services
  • Metal
  • Paper and cardboard
  • Plastic
  • Glass
  • Rubber
  • Other
  • Chart: Waste & Scrap Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Recyclers and processors
  • Manufacturers
  • Other industries
  • Chart: Major Market Segmentation for the Waste & Scrap Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Waste & Scrap Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Waste & Scrap Wholesaling Industry

  • Industry Globalization
    European Metal Recycling Limited,
  • Table: European Metal Recycling Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Waste & Scrap Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Waste & Scrap Wholesaling Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    E-Cycling
  • Recycling components or metals contained in used electronic equipment.
  • Recyclate
  • Recycled materials that are then used to produce other materials.
  • Reprocessing
  • Waste and scrap reprocessing involves sorting, cleaning, melting and grinding to recycle materials.
  • What Our Customers Say

    Why buy this report?

    The Waste & Scrap Wholesaling market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Waste & Scrap Wholesaling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Waste & Scrap Wholesaling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Waste & Scrap Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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