Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $415 per ton in 2022, standing approx. at the previous year. Overall, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 88%. The export price peaked at $1,028 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($495 per ton), while the average price for exports to Indonesia ($301 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 Malaysia (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand (CIF) - 2022
The average import price for ferrous waste and scrap; of tinned iron or steels stood at $1,040 per ton in 2022, surging by 152% against the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 215% against the previous year. Over the period under review, average import prices attained the peak figure at $1,639 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 ($3,359 per ton), while the price for Myanmar ($57 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -51.5% to 9.5K tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of 22K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels declined dramatically to $3.9M in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 131% against the previous year. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.8 | 7.4 | 0.2 | 2.9 | 53.6% |
| Bangladesh | 3.4 | 3.3 | 5.3 | 0.7 | -41.0% |
| Pakistan | N/A | 0.4 | 0.4 | 0.2 | -29.3% |
| Indonesia | 1.1 | 0.8 | 1.3 | 0.1 | -55.0% |
| Others | 0.1 | 0.3 | 0.7 | N/A | 164.6% |
| Total | 5.3 | 12.3 | 8.0 | 3.9 | -9.7% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Thailand in 2022:
- India (7.1K tons)
- Bangladesh (1.5K tons)
- Pakistan (0.5K tons)
- Indonesia (0.2K tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand
In 2022, supplies from abroad of ferrous waste and scrap; of tinned iron or steels decreased by -96.9% to 35 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 899% against the previous year.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels shrank rapidly to $37K in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 332%. As a result, imports attained the peak of $463K, and then fell rapidly in the following year.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.7 | 17.3 | 33.8 | 29.7 | 11.0% |
| United States | N/A | N/A | 406 | 6.4 | -98.4% |
| Myanmar | 6.7 | N/A | N/A | 0.6 | -55.3% |
| Malaysia | N/A | 12.5 | N/A | N/A | 0% |
| Puerto Rico | N/A | 18.0 | N/A | N/A | 0% |
| Philippines | N/A | 46.0 | 9.6 | N/A | -79.1% |
| Taiwan (Chinese) | N/A | 13.3 | 6.0 | N/A | -54.9% |
| Others | N/A | N/A | 7.6 | N/A | 0% |
| Total | 28.4 | 107 | 463 | 36.7 | 8.9% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Thailand in 2022:
- United States (16.1 tons)
- Myanmar (10.4 tons)
- China (8.8 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Thailand.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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