Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $686 per ton, growing by 39% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 59% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($864 per ton), while the price for the United States ($538 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $542 per ton in 2022, increasing by 93% against the previous year. Over the period under review, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2015 an increase of 183%. Over the period under review, the average export prices attained the peak figure at $776 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($786 per ton), while the average price for exports to Pakistan ($511 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 Pakistan (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of ferrous waste and scrap; of alloy steel (excluding stainless)s, when their volume decreased by -75.6% to 84K tons. Overall, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped rapidly to $53M in 2022. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 29.3 | 75.2 | 112 | 30.5 | 1.3% |
| United States | 35.3 | 26.0 | 10.6 | 10.7 | -32.8% |
| Netherlands | 10.3 | 15.1 | 23.4 | 6.4 | -14.7% |
| Iran | N/A | N/A | N/A | 2.9 | 0% |
| Australia | 5.3 | 6.7 | 7.1 | 2.1 | -26.6% |
| Venezuela | N/A | N/A | 17.0 | N/A | 0% |
| Others | 1.2 | 2.8 | N/A | N/A | 133.3% |
| Total | 81.5 | 126 | 170 | 52.6 | -13.6% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Kuwait in 2022:
- United Kingdom (48.7K tons)
- United States (19.9K tons)
- Netherlands (9.5K tons)
- Iran (3.4K tons)
- Australia (2.7K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait
In 2022, overseas shipments of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -91.2% to 2.5K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 204%. As a result, the exports reached the peak of 31K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s declined significantly to $1.4M in 2022. Over the period under review, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 231%. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2.6 | 9.2 | 4.9 | 0.8 | -32.5% |
| India | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
| Malaysia | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| China | N/A | 0.1 | N/A | N/A | 0% |
| Sweden | N/A | N/A | 2.6 | N/A | 0% |
| Others | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Total | 3.0 | 10.0 | 8.1 | 1.4 | -22.4% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Kuwait in 2022:
- Pakistan (1554.4 tons)
- India (805.2 tons)
- Malaysia (71.1 tons)
- China (44.5 tons)
384
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kuwait.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
384
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kuwait.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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