Price for Ferrous Waste and Scrap; of Stainless Steel in Algeria - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Algeria (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Algeria (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Algeria
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Algeria
Price for Ferrous Waste and Scrap; of Stainless Steel in Algeria (FOB) - 2022
The average export price for ferrous waste and scrap; of stainless steels stood at $2,479 per ton in 2022, growing by 77% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2,518 per ton in 2012; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($2,897 per ton), while the average price for exports to the United Arab Emirates ($1,575 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 Turkey (+7.3%), while the prices for the other major destinations experienced a decline.
Price for Ferrous Waste and Scrap; of Stainless Steel in Algeria (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $3,223 per ton, stabilizing at the previous year. Over the period under review, the import price, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 59% against the previous year. The import price peaked at $4,062 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($3,224 per ton), while the price for the United Arab Emirates totaled $3,223 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Algeria
For the fourth consecutive year, Algeria recorded growth in overseas shipments of ferrous waste and scrap; of stainless steels, which increased by 177% to 691 tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 420% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of ferrous waste and scrap; of stainless steels skyrocketed to $1.7M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 713%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6.2 | 50.3 | 244 | 1,276 | 490.4% |
| United Arab Emirates | 0.5 | 4.2 | 77.7 | 321 | 762.7% |
| India | 0.8 | 6.0 | 27.2 | 112 | 419.2% |
| Others | N/A | 0.2 | 0.8 | 2.5 | 253.6% |
| Total | 7.5 | 60.7 | 350 | 1,713 | 511.3% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Algeria in 2022:
- Turkey (440.5 tons)
- United Arab Emirates (204.1 tons)
- India (45.3 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Algeria
In 2022, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -41% to 4.4 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic decrease. The growth pace was the most rapid in 2020 when imports increased by 7.3% against the previous year. As a result, imports reached the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; of stainless steels reduced markedly to $14K in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of -23.4% was in 2021.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.9 | 4.1 | 12.1 | 7.9 | 39.7% |
| Turkey | 1.4 | 21.4 | 11.9 | 6.2 | 64.2% |
| South Korea | 6.0 | 5.8 | N/A | N/A | -3.3% |
| India | 30.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 40.8 | 31.3 | 24.0 | 14.1 | -29.8% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Algeria in 2022:
- United Arab Emirates (2.5 tons)
- Turkey (1.9 tons)
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