Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ethiopia - 2022

Contents:

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

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

The average import price for ferrous waste and scrap; of tinned iron or steels stood at $309 per ton in 2022, dropping by -26.1% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 73%. The import price peaked at $443 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 ($1,265 per ton), while the price for Djibouti totaled $309 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $129 per ton in 2022, reducing by -51.5% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 15%. As a result, the export price attained the peak level of $578 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($151 per ton), while the average price for exports to India stood at $115 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-9.0%).

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

In 2022, imports of ferrous waste and scrap; of tinned iron or steels into Ethiopia skyrocketed to 5.8K tons, jumping by 1,266% against the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,276% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels surged to $1.8M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,151%. As a result, imports reached the peak of $1.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Djibouti (5.8K tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by -30.8% to 209 tons. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 524% against the previous year. As a result, the exports attained the peak of 302 tons, and then reduced notably in the following year.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels contracted remarkably to $27K in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 462% against the previous year. As a result, the exports attained the peak of $80K, and then fell significantly in the following year.

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

1. India (130.9 tons)
2. Belgium (78.0 tons)

Source: IndexBox Market Intelligence Platform