Price for Ferrous Waste and Scrap; of Cast Iron in Singapore - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Singapore (CIF) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Singapore (FOB) - 2023
- Imports of Ferrous Waste and Scrap; of Cast Iron in Singapore
- Exports of Ferrous Waste and Scrap; of Cast Iron in Singapore
Price for Ferrous Waste and Scrap; of Cast Iron in Singapore (CIF) - 2023
The average import price for ferrous waste and scrap; of cast ira stood at $418 per ton in September 2022, declining by -3.1% against the previous month. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in July 2022 an increase of 1.5% against the previous month. As a result, import price attained the peak level of $511 per ton. From August 2022 to September 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From June 2022 to September 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per month.
Price for Ferrous Waste and Scrap; of Cast Iron in Singapore (FOB) - 2023
The average export price for ferrous waste and scrap; of cast ira stood at $1,217 per ton in September 2022, falling by -47.3% against the previous month. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in July 2022 an increase of 70% against the previous month. As a result, the export price attained the peak level of $2,408 per ton. From August 2022 to September 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($934 per ton), while the average price for exports to Malaysia amounted to $582 per ton.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; of Cast Iron in Singapore
For the fourth consecutive year, Singapore recorded growth in purchases abroad of ferrous waste and scrap; of cast ira, which increased by 24% to 38K tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of cast ira soared to $15M in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 101%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Ferrous Waste and Scrap; of Cast Iron in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.8 | 4.6 | 11.2 | 13.4 | 52.2% |
| Australia | N/A | N/A | N/A | 0.6 | 0% |
| United States | 2.5 | 1.1 | 0.3 | 0.2 | -56.9% |
| Others | 1.5 | 0.2 | 0.3 | 0.5 | -30.7% |
| Total | 7.8 | 5.9 | 11.9 | 14.6 | 23.2% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Singapore in 2022:
- Malaysia (36.2K tons)
- Australia (1.1K tons)
- United States (0.2K tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Singapore
In 2022, approx. 5.5K tons of ferrous waste and scrap; of cast ira were exported from Singapore; with a decrease of -67.1% compared with the previous year's figure. Overall, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports attained the peak of 17K tons, and then declined sharply in the following year.
In value terms, exports of ferrous waste and scrap; of cast ira shrank notably to $4.7M in 2022. In general, exports saw a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of $12M, and then dropped dramatically in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.8 | 6.1 | 9.9 | 1.6 | -34.9% |
| India | 0.5 | 0.2 | 0.2 | 0.7 | 11.9% |
| Japan | 0.2 | N/A | 0.3 | 0.4 | 26.0% |
| China | 1.9 | 0.2 | 0.3 | N/A | -60.3% |
| Indonesia | N/A | 0.2 | N/A | N/A | 0% |
| Pakistan | 0.7 | 0.8 | 0.1 | N/A | -62.2% |
| Others | 1.0 | 3.4 | 1.6 | 1.9 | 23.9% |
| Total | 10.0 | 10.9 | 12.4 | 4.7 | -22.3% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Singapore in 2022:
- Malaysia (2917.9 tons)
- India (2280.2 tons)
- Japan (97.8 tons)
- Pakistan (93.9 tons)
- China (10.3 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Singapore.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
371
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Singapore.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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