Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $114 per ton in 2022, waning by -8% against the previous year. Over the period under review, the export price saw a deep setback. The growth pace was the most rapid in 2018 when the average export price increased by 195% against the previous year. The export price peaked at $551 per ton in 2019; however, from 2020 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 India ($416 per ton), while the average price for exports to Malaysia totaled $96 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.7%), while the prices for the other major destinations experienced a decline.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $286 per ton in 2022, declining by -47.4% against the previous year. Overall, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 133% against the previous year. Over the period under review, average import prices hit record highs at $543 per ton in 2021, and then fell markedly in the following year.
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 Canada ($501 per ton), while the price for Maldives ($179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Sri Lanka surged to 2.9K tons, with an increase of 208% against the year before. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 608%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $332K in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 396% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 19.3 | 19.6 | 125 | 264 | 139.2% |
| India | 31.2 | 17.0 | 57.9 | 65.8 | 28.2% |
| Others | 23.9 | 0.6 | 2.2 | 2.7 | -51.7% |
| Total | 74.4 | 37.2 | 185 | 332 | 64.6% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Sri Lanka in 2022:
- Malaysia (2751.0 tons)
- India (158.2 tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka
In 2022, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -62.9% to 89 tons, falling for the second year in a row after two years of growth. In general, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 181% against the previous year. As a result, imports reached the peak of 288 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 alloy steel (excluding stainless)s shrank markedly to $26K in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 532% against the previous year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.2 | 39.6 | 49.8 | 11.1 | 21.4% |
| United Kingdom | 2.0 | 19.7 | 34.5 | 6.7 | 49.6% |
| South Africa | 5.7 | 27.8 | 26.5 | 4.5 | -7.6% |
| Maldives | 0.2 | 1.2 | 1.7 | 1.5 | 95.7% |
| Canada | 0.4 | 6.9 | 7.2 | 1.4 | 51.8% |
| United States | 0.4 | 1.6 | 1.4 | 0.2 | -20.6% |
| Others | 0.7 | 1.1 | 1.0 | 0.2 | -34.1% |
| Total | 15.5 | 97.8 | 122 | 25.6 | 18.2% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Sri Lanka in 2022:
- Singapore (34.4 tons)
- South Africa (23.2 tons)
- United Kingdom (18.6 tons)
- Maldives (8.2 tons)
- Canada (2.7 tons)
- United States (1.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sri Lanka.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
362
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sri Lanka.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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