Price for Ferrous Waste and Scrap; of Cast Iron in South Korea - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in South Korea (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in South Korea (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Cast Iron in South Korea
- Exports of Ferrous Waste and Scrap; of Cast Iron in South Korea
Price for Ferrous Waste and Scrap; of Cast Iron in South Korea (CIF) - 2022
In December 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $624 per ton, with an increase of 32% against the previous month. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 173% month-to-month. The import price peaked at $3,462 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the Philippines ($4,650 per ton), while the price for Japan ($475 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Panama (+2.3%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Cast Iron in South Korea (FOB) - 2022
The average export price for ferrous waste and scrap; of cast ira stood at $959 per ton in 2022, increasing by 104% against the previous year. Overall, the export price, however, saw a deep reduction. The export price peaked at $3,230 per ton in 2012; however, from 2013 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 ($4,482 per ton), while the average price for exports to China amounted to $776 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+24.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; of Cast Iron in South Korea
In 2022, imports of ferrous waste and scrap; of cast ira into South Korea skyrocketed to 19K tons, with an increase of 49% compared with the previous year. Over the period under review, imports, however, showed a abrupt downturn.
In value terms, imports of ferrous waste and scrap; of cast ira skyrocketed to $18M in 2022. In general, imports recorded a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Ferrous Waste and Scrap; of Cast Iron in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 5.7 | 4.7 | 4.9 | 9.4 | 18.1% |
Japan | 7.6 | 1.7 | 2.4 | 4.5 | -16.0% |
United States | 2.2 | 1.4 | 2.0 | 2.7 | 7.1% |
Mexico | N/A | N/A | N/A | 0.8 | 0% |
Panama | N/A | N/A | N/A | 0.4 | 0% |
Northern Mariana Islands | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Hong Kong SAR | N/A | N/A | 1.5 | N/A | 0% |
Venezuela | N/A | 0.3 | N/A | N/A | 0% |
Others | 0.4 | 0.2 | 0.2 | 0.1 | -37.0% |
Total | 16.0 | 8.3 | 11.1 | 18.0 | 4.0% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to South Korea in 2022:
- Japan (9.8K tons)
- United States (4.4K tons)
- Mexico (1.5K tons)
- Philippines (1.2K tons)
- Northern Mariana Islands (1.0K tons)
- Panama (1.0K tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in South Korea
In 2022, exports of ferrous waste and scrap; of cast ira from South Korea reduced dramatically to 412 tons, dropping by -86.9% compared with the previous year. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 216% against the previous year.
In value terms, exports of ferrous waste and scrap; of cast ira declined rapidly to $395K in 2022. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 102%.
Export of Ferrous Waste and Scrap; of Cast Iron in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,617 | 32.0 | 306 | 304 | -42.7% |
Japan | 569 | 146 | 76.8 | 91.2 | -45.7% |
Malaysia | 94.3 | 548 | 252 | N/A | 63.5% |
Taiwan (Chinese) | N/A | N/A | 841 | N/A | 0% |
Others | 44.9 | 5.6 | N/A | 0.1 | -86.9% |
Total | 2,325 | 732 | 1,475 | 395 | -44.6% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from South Korea in 2022:
- China (391.6 tons)
- Japan (20.3 tons)
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Republic of Korea.
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Republic of Korea.
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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