Price for Ferrous Waste and Scrap; of Cast Iron in China - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in China (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in China (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Cast Iron in China
4. Exports of Ferrous Waste and Scrap; of Cast Iron in China

Price for Ferrous Waste and Scrap; of Cast Iron in China (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $856 per ton, rising by 54% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 65%. Over the period under review, average import prices reached the maximum at $905 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India ($1,601 per ton), while the price for the United States ($560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.9%), while the prices for the other major suppliers experienced a decline.

Price for Ferrous Waste and Scrap; of Cast Iron in China (FOB) - 2022

The average export price for ferrous waste and scrap; of cast ira stood at $6,850 per ton in 2022, with an increase of 872% against the previous year. Overall, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($120 per ton), while the average price for exports to South Korea amounted to $67 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+68.2%), while the prices for the other major destinations experienced a decline.

Imports of Ferrous Waste and Scrap; of Cast Iron in China

In 2022, imports of ferrous waste and scrap; of cast ira into China shrank sharply to 5K tons, waning by -69.3% against 2021 figures. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 8,004% against the previous year. As a result, imports reached the peak of 16K tons, and then fell significantly in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira fell dramatically to $4.3M in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 13,159%. As a result, imports attained the peak of $9.1M, and then declined rapidly in the following year.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to China in 2022:

1. Japan (3216.9 tons)
2. India (1315.9 tons)
3. Malaysia (129.5 tons)
4. Thailand (82.3 tons)
5. United States (75.5 tons)
6. South Korea (12.1 tons)

Exports of Ferrous Waste and Scrap; of Cast Iron in China

In 2022, shipments abroad of ferrous waste and scrap; of cast ira was finally on the rise to reach 301 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of cast ira skyrocketed to $2.1M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from China in 2022:

1. Japan (299.1 tons)

Source: IndexBox Market Intelligence Platform