Price for Ferrous Waste and Scrap; of Cast Iron in Kazakhstan - 2022

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

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $363 per ton, surging by 18% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of cast ira increased by +80.6% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +2.0% per year.

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

The average import price for ferrous waste and scrap; of cast ira stood at $149 per ton in 2022, which is down by -3.4% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the maximum at $786 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($175 per ton), while the price for Kyrgyzstan totaled $129 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+34.5%).

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

In 2022, the amount of ferrous waste and scrap; of cast ira exported from Kazakhstan contracted to 188 tons, falling by -10.6% against the year before. In general, exports saw a abrupt slump. The smallest decline of -5.5% was in 2021.

In value terms, exports of ferrous waste and scrap; of cast ira totaled $68K in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Ferrous Waste and Scrap; of Cast Iron in Kazakhstan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	60.3	58.6	64.1	68.3	4.2%
Latvia	0.7	4.1	0.4	N/A	-24.4%
Others	N/A	0.1	N/A	N/A	0%
Total	61.0	62.8	64.6	68.3	3.8%

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

Russia (188.3 tons)

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

After two years of decline, supplies from abroad of ferrous waste and scrap; of cast ira increased by 11% to 138 tons in 2022. Overall, imports, however, faced a sharp downturn.

In value terms, imports of ferrous waste and scrap; of cast ira rose remarkably to $20K in 2022. In general, imports, however, faced a abrupt decrease.