Price for Ferrous Waste and Scrap; of Stainless Steel in Bolivia - 2023

Price for Ferrous Waste and Scrap; of Stainless Steel in Bolivia (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $776 per ton, increasing by 29% against the previous year. Overall, the export price enjoyed modest growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 77% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,946 per ton), while the average price for exports to the Netherlands ($190 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 Thailand (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Bolivia (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $3,797 per ton in 2021, declining by -28.4% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 30% against the previous year. The import price peaked at $5,654 per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to -5.2% per year.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Bolivia

In 2022, exports of ferrous waste and scrap; of stainless steels from Bolivia fell rapidly to 182 tons, reducing by -76.3% on the previous year. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 370% against the previous year. As a result, the exports reached the peak of 770 tons, and then contracted remarkably in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels declined markedly to $141K in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 414%. As a result, the exports attained the peak of $462K, and then shrank dramatically in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	N/A	N/A	N/A	53.5	0%
United States	1.7	1.5	4.2	18.6	122.0%
Germany	3.9	12.2	16.3	15.9	59.8%
Thailand	2.1	34.3	81.4	14.1	88.7%
Chile	1.0	3.8	59.3	11.9	128.3%
India	3.2	9.3	15.0	8.3	37.4%
Spain	77.6	24.0	4.5	8.1	-52.9%
Netherlands	17.4	2.5	49.6	5.1	-33.6%
Taiwan (Chinese)	8.6	2.3	4.3	2.8	-31.2%
France	N/A	N/A	228	N/A	0%
Others	1.0	N/A	N/A	3.2	47.4%
Total	116	89.9	462	141	6.7%

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Bolivia in 2022:

India (28.2 tons)
United Kingdom (27.5 tons)
Netherlands (26.7 tons)
Spain (20.4 tons)
United States (19.0 tons)
Thailand (14.6 tons)
Taiwan (Chinese) (14.0 tons)
Germany (13.7 tons)
Chile (13.6 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Bolivia

In 2021, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -98.4% to 79 kg for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 2.6% against the previous year. As a result, imports reached the peak of 4.8 tons, and then fell dramatically in the following year.

In value terms, imports of ferrous waste and scrap; of stainless steels contracted significantly to $300 in 2021. Over the period under review, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 5.6%. As a result, imports reached the peak of $25K, and then reduced remarkably in the following year.