Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates (CIF) - 2022
The average import price for ferrous waste and scrap; of tinned iron or steels stood at $457 per ton in 2022, jumping by 91% against the previous year. In general, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($492 per ton), while the price for Saint Vincent and the Grenadines ($109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+1.8%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $491 per ton in 2022, waning by -6.1% against the previous year. Over the period under review, the export price, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $523 per ton, and then fell in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($629 per ton), while the average price for exports to India ($429 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 (+29.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates
In 2022, imports of ferrous waste and scrap; of tinned iron or steels into the United Arab Emirates declined notably to 1.8K tons, dropping by -86.8% compared with the year before. In general, imports recorded a dramatic slump. The smallest decline of -24.9% was in 2020.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels declined dramatically to $820K in 2022. Overall, imports continue to indicate a sharp curtailment. The smallest decline of -39.2% was in 2020.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 740 | 0% |
| Sierra Leone | N/A | N/A | N/A | 10.2 | 0% |
| Saint Vincent and the Grenadines | N/A | N/A | N/A | 5.4 | 0% |
| South Korea | N/A | N/A | N/A | 4.2 | 0% |
| New Zealand | 2,538 | 2,172 | 205 | N/A | -71.6% |
| Suriname | 260 | 27.5 | N/A | N/A | -89.4% |
| Namibia | 3,995 | 2,291 | 582 | N/A | -61.8% |
| Senegal | 377 | 360 | 295 | N/A | -11.5% |
| Guyana | 1,310 | 89.8 | 72.8 | N/A | -76.4% |
| Tunisia | 114 | N/A | 1,435 | N/A | 254.8% |
| Estonia | 618 | 495 | N/A | N/A | -19.9% |
| Others | 758 | 630 | 675 | 59.9 | -57.1% |
| Total | 9,970 | 6,065 | 3,264 | 820 | -56.5% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to the United Arab Emirates in 2022:
- China (1502.9 tons)
- Sierra Leone (86.6 tons)
- Saint Vincent and the Grenadines (49.4 tons)
- South Korea (38.7 tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -96.4% to 1K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 111% against the previous year. As a result, the exports reached the peak of 45K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels shrank notably to $498K in 2022. In general, exports saw a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 92% against the previous year.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 7.3 | 11.7 | 14.1 | 0.4 | -62.0% |
| India | N/A | 1.9 | 0.1 | 0.1 | -77.1% |
| Iran | N/A | 0.9 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.5 | N/A | 58.1% |
| Total | 7.6 | 14.5 | 14.7 | 0.5 | -59.6% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from the United Arab Emirates in 2022:
- Pakistan (802.0 tons)
- India (189.7 tons)
- Saudi Arabia (20.3 tons)
451
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the United Arab Emirates.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
451
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the United Arab Emirates.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
