Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $315 per ton in 2022, jumping by 73% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $397 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Djibouti ($394 per ton), while the price for China totaled $228 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (+91.3%).
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $278 per ton, picking up by 8.9% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 47%. The export price peaked at $525 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2022, the rate of growth in terms of prices for Kenya amounted to +12.4% per year.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia
In 2022, approx. 1.5K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into Ethiopia; picking up by 84% compared with 2021 figures. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 99%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $481K in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | N/A | N/A | 0.8 | 315 | 39275.0% |
| China | 185 | 387 | 123 | 165 | -3.7% |
| Germany | N/A | N/A | 98.5 | N/A | 0% |
| Others | 0.3 | 0.2 | N/A | 0.6 | 26.0% |
| Total | 185 | 388 | 223 | 481 | 37.5% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Ethiopia in 2022:
- Djibouti (800.0 tons)
- China (723.5 tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Ethiopia rose markedly to 57 tons, surging by 7% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 281% against the previous year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $16K in 2022. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 23.2 | 2.4 | 13.6 | 15.8 | -12.0% |
| Germany | N/A | 5.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.2 | 7.8 | 13.6 | 15.8 | -12.0% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Ethiopia in 2022:
- United Arab Emirates (56.7 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ethiopia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ethiopia.
696
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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