Price for Ferrous Waste and Scrap; of Cast Iron in Japan - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Japan (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Japan (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Cast Iron in Japan
- Imports of Ferrous Waste and Scrap; of Cast Iron in Japan
Price for Ferrous Waste and Scrap; of Cast Iron in Japan (FOB) - 2023
In November 2023, the average export price for ferrous waste and scrap; of cast ira amounted to $532 per ton, jumping by 21% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 89% m-o-m. As a result, the export price reached the peak level of $1,080 per ton. From March 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($1,440 per ton), while the average price for exports to China ($300 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Cast Iron in Japan (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $3,141 per ton, surging by 40% against the previous year. Over the period under review, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($6,544 per ton), while the price for Turkey ($2,125 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Cast Iron in Japan
In 2022, approx. 6.2K tons of ferrous waste and scrap; of cast ira were exported from Japan; dropping by -69.1% compared with the year before. Over the period under review, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 38%.
In value terms, exports of ferrous waste and scrap; of cast ira reduced remarkably to $3.8M in 2022. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 75%.
| Export of Ferrous Waste and Scrap; of Cast Iron in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.2 | 3.7 | 6.8 | 1.4 | -35.4% |
| Thailand | 0.9 | 0.4 | 0.6 | 1.2 | 10.1% |
| South Korea | 8.5 | 1.7 | 2.1 | 0.8 | -54.5% |
| China | 0.6 | N/A | 2.0 | 0.5 | -5.9% |
| Others | 0.9 | 1.1 | 0.6 | N/A | -18.4% |
| Total | 16.0 | 6.9 | 12.1 | 3.8 | -38.1% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Japan in 2022:
- Thailand (2.1K tons)
- Malaysia (1.7K tons)
- South Korea (1.5K tons)
- China (0.9K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Japan
In 2022, the amount of ferrous waste and scrap; of cast ira imported into Japan dropped rapidly to 570 tons, which is down by -18.4% on the year before. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
In value terms, imports of ferrous waste and scrap; of cast ira reached $1.8M in 2022. Over the period under review, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 147 | 154 | 651 | 639 | 63.2% |
| Turkey | 125 | 20.1 | 191 | 275 | 30.1% |
| United States | 529 | 22.9 | 280 | 258 | -21.3% |
| Indonesia | 249 | 119 | 241 | 221 | -3.9% |
| Spain | 209 | N/A | 33.6 | 182 | -4.5% |
| Singapore | 30.8 | 7.1 | 7.7 | 81.0 | 38.0% |
| Malaysia | 545 | 548 | 117 | 36.9 | -59.2% |
| Saudi Arabia | N/A | 251 | 19.4 | 30.6 | -65.1% |
| Thailand | 75.5 | 138 | 27.4 | N/A | -39.8% |
| Germany | 27.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 3.3 | 2.0 | 66.4 | 348.6% |
| Total | 1,937 | 1,263 | 1,571 | 1,790 | -2.6% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Japan in 2022:
- Turkey (129.4 tons)
- United States (117.0 tons)
- Indonesia (99.3 tons)
- South Korea (97.6 tons)
- Spain (65.0 tons)
- Singapore (34.2 tons)
- Malaysia (11.0 tons)
- Saudi Arabia (7.5 tons)
414
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Japan.
692
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
414
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Japan.
692
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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