Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan (CIF) - 2023
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan
4. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan (CIF) - 2023

The average import price for ferrous waste and scrap; of tinned iron or steels stood at $7,567 per ton in October 2023, which is down by -4.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 12% against the previous month. Over the period under review, average import prices attained the peak figure at $10,231 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From October 2022 to October 2023, the rate of growth in terms of prices for Malaysia amounted to -0.4% per month.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $403 per ton, waning by -36.4% against the previous year. Overall, the export price saw a slight decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $634 per ton in 2021, and then dropped notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +82.4% per year.

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan

In 2022, the amount of ferrous waste and scrap; of tinned iron or steels imported into Japan skyrocketed to 129 tons, jumping by 41% against the previous year's figure. Overall, imports, however, recorded a abrupt slump.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels soared to $1.2M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Japan in 2022:

1. Malaysia (129.0 tons)

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Japan

In 2022, exports of ferrous waste and scrap; of tinned iron or steels from Japan shrank notably to 947 tons, waning by -95.7% on 2021 figures. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 22K tons, and then fell dramatically in the following year.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels reduced sharply to $381K in 2022. In general, exports faced a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of $14M, and then contracted markedly in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Japan in 2022:

1. Thailand (946.6 tons)

Source: IndexBox Market Intelligence Platform