Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $396 per ton in 2022, surging by 11% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +14.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. Over the period under review, the average export prices attained the peak figure at $594 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($460 per ton), while the average price for exports to India amounted to $387 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.3%).
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $944 per ton in 2022, growing by 69% against the previous year. Over the period under review, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +23.6% per year.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka
In 2022, approx. 3.7K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Sri Lanka; increasing by 85% on 2021 figures. Overall, exports, however, faced a dramatic downturn.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $1.5M in 2022. Over the period under review, exports, however, showed a precipitous slump.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,895 | 1,890 | 232 | 1,263 | -24.2% |
| Singapore | 1.4 | 41.7 | 50.2 | 194 | 417.5% |
| Hong Kong SAR | 170 | 185 | 43.0 | N/A | -49.7% |
| Thailand | 84.4 | 77.4 | 15.1 | N/A | -57.7% |
| Malaysia | 314 | 136 | 49.4 | N/A | -60.3% |
| United Arab Emirates | 320 | 561 | 161 | N/A | -29.1% |
| Oman | 253 | 494 | 146 | N/A | -24.0% |
| Pakistan | 76.2 | 79.7 | 8.6 | N/A | -66.4% |
| Others | 13.5 | 10.4 | 3.6 | 0.2 | -75.4% |
| Total | 4,128 | 3,476 | 710 | 1,458 | -29.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Sri Lanka in 2022:
- India (3.3K tons)
- Singapore (0.4K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Sri Lanka fell markedly to 1.4K tons in 2022, waning by -60.7% against 2021. In general, imports saw a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 146%. As a result, imports attained the peak of 3.5K tons, and then plummeted in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank markedly to $1.3M in 2022. Overall, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 195%. As a result, imports attained the peak of $1.9M, and then dropped remarkably in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 626 | 190 | 768 | 1,285 | 27.1% |
| Hong Kong SAR | 21.9 | 12.5 | 22.0 | N/A | 0.2% |
| Kuwait | 267 | 172 | 344 | N/A | 13.5% |
| China | 14.4 | 6.9 | 108 | N/A | 173.9% |
| Sweden | 27.3 | 25.7 | 75.1 | N/A | 65.9% |
| United States | 76.1 | 71.1 | 206 | N/A | 64.5% |
| South Africa | 71.4 | 33.7 | 49.3 | N/A | -16.9% |
| United Arab Emirates | 50.1 | 25.1 | 39.0 | N/A | -11.8% |
| Singapore | 104 | 62.2 | 115 | N/A | 5.2% |
| Others | 72.2 | 57.8 | 214 | N/A | 72.2% |
| Total | 1,331 | 657 | 1,940 | 1,285 | -1.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Sri Lanka in 2022:
- Malaysia (1.4K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sri Lanka.
672
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
357
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sri Lanka.
672
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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