Price for Ferrous Waste and Scrap; of Cast Iron in Australia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Australia (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in Australia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Cast Iron in Australia
- Imports of Ferrous Waste and Scrap; of Cast Iron in Australia
Price for Ferrous Waste and Scrap; of Cast Iron in Australia (FOB) - 2022
The average export price for ferrous waste and scrap; of cast ira stood at $411 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 58%. Over the period under review, the average export prices reached the peak figure at $483 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($516 per ton) and Bangladesh ($488 per ton), while the average price for exports to Indonesia ($387 per ton) and Vietnam ($395 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Australia (CIF) - 2022
The average import price for ferrous waste and scrap; of cast ira stood at $216 per ton in 2022, jumping by 87% against the previous year. Over the period under review, the import price, however, continues to indicate a sharp reduction. Over the period under review, average import prices attained the maximum at $2,077 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Papua New Guinea.
From 2012 to 2022, the rate of growth in terms of prices for Samoa amounted to -8.1% per year.
Exports of Ferrous Waste and Scrap; of Cast Iron in Australia
In 2022, shipments abroad of ferrous waste and scrap; of cast ira decreased by -30.6% to 330K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 6.1%. As a result, the exports reached the peak of 554K 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 cast ira shrank rapidly to $136M in 2022. Overall, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. As a result, the exports reached the peak of $197M, and then dropped remarkably in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 51.6 | 40.9 | 73.6 | 45.5 | -4.1% |
| Vietnam | 12.5 | 33.8 | 56.3 | 45.5 | 53.8% |
| Taiwan (Chinese) | 16.4 | 11.7 | 9.2 | 12.4 | -8.9% |
| India | 39.7 | 28.0 | 8.3 | 10.4 | -36.0% |
| Thailand | 4.2 | 4.3 | 18.3 | 7.9 | 23.4% |
| Malaysia | 10.5 | 4.8 | 6.9 | 4.4 | -25.2% |
| Bangladesh | 16.5 | 15.2 | 13.9 | 3.0 | -43.3% |
| Others | 4.1 | 6.8 | 10.8 | 6.7 | 17.8% |
| Total | 156 | 146 | 197 | 136 | -4.5% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Australia in 2022:
- Indonesia (117.6K tons)
- Vietnam (115.2K tons)
- Taiwan (Chinese) (27.4K tons)
- India (25.6K tons)
- Thailand (15.4K tons)
- Malaysia (10.1K tons)
- Bangladesh (6.1K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Australia
In 2022, purchases abroad of ferrous waste and scrap; of cast ira decreased by -97.4% to 47 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of 2K 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 cast ira fell remarkably to $10K in 2022. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 198 | 166 | 66.8 | 10.2 | -62.8% |
| Fiji | N/A | N/A | 17.8 | N/A | 0% |
| Malaysia | N/A | 18.9 | 13.1 | N/A | -30.7% |
| Samoa | 105 | N/A | 109 | N/A | 1.9% |
| Others | 0.1 | 0.8 | 3.3 | N/A | 474.5% |
| Total | 304 | 186 | 210 | 10.2 | -67.7% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Australia in 2022:
- Papua New Guinea (47.3 tons)
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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