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

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Ethiopia (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Ethiopia (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Cast Iron in Ethiopia
4. Exports of Ferrous Waste and Scrap; of Cast Iron in Ethiopia

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

The average import price for ferrous waste and scrap; of cast ira stood at $347 per ton in 2022, waning by -6.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $449 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 China ($4,274 per ton), while the price for Djibouti stood at $344 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+106.7%).

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

The average export price for ferrous waste and scrap; of cast ira stood at $86 per ton in 2022, which is down by -28.1% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 73%. The export price peaked at $642 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($195 per ton), while the average price for exports to Kenya totaled $76 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (-13.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 1.8K tons of ferrous waste and scrap; of cast ira were imported into Ethiopia; rising by 39% compared with the previous year's figure. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 241%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of cast ira surged to $632K in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 182%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Ethiopia in 2022:

1. Djibouti (1820.4 tons)
2. China (1.1 tons)

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

In 2022, approx. 113 tons of ferrous waste and scrap; of cast ira were exported from Ethiopia; with an increase of 30% compared with the year before. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of ferrous waste and scrap; of cast ira reduced to $9.7K in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year.

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

1. Kenya (103.0 tons)
2. United Arab Emirates (9.9 tons)

Source: IndexBox Market Intelligence Platform