Price for Ferrous Waste and Scrap; of Cast Iron in Vietnam - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Vietnam (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in Vietnam (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Cast Iron in Vietnam
- Imports of Ferrous Waste and Scrap; of Cast Iron in Vietnam
Price for Ferrous Waste and Scrap; of Cast Iron in Vietnam (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $433 per ton, approximately reflecting the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 decreased by -7.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum at $469 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +6.9% per year.
Price for Ferrous Waste and Scrap; of Cast Iron in Vietnam (CIF) - 2022
The average import price for ferrous waste and scrap; of cast ira stood at $327 per ton in 2022, which is down by -7.4% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of cast ira increased by +54.8% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 29%. As a result, import price reached the peak level of $353 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($389 per ton), while the price for South Korea ($141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Cast Iron in Vietnam
For the third consecutive year, Vietnam recorded decline in shipments abroad of ferrous waste and scrap; of cast ira, which decreased by -82.6% to 65 tons in 2022. Over the period under review, exports saw a sharp decrease. The smallest decline of -18.1% was in 2020.
In value terms, exports of ferrous waste and scrap; of cast ira fell notably to $28K in 2022. In general, exports continue to indicate a dramatic decline. The smallest decline of -17.9% was in 2020.
| Export of Ferrous Waste and Scrap; of Cast Iron in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.1 | 2.9 | 2.9 | 28.1 | 137.4% |
| Thailand | 303 | 253 | 114 | N/A | -38.7% |
| Malaysia | 25.3 | 38.8 | 7.1 | N/A | -47.0% |
| Indonesia | 51.7 | 9.0 | 18.2 | N/A | -40.7% |
| Others | 19.8 | 25.7 | 20.7 | N/A | 2.2% |
| Total | 401 | 330 | 163 | 28.1 | -58.8% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Vietnam in 2022:
- Taiwan (Chinese) (65.0 tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Vietnam
In 2022, after three years of growth, there was significant decline in overseas purchases of ferrous waste and scrap; of cast ira, when their volume decreased by -9.3% to 191K tons. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25%.
In value terms, imports of ferrous waste and scrap; of cast ira shrank remarkably to $63M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports attained the peak of $74M, and then dropped dramatically in the following year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 14.0 | 28.0 | 50.6 | 44.7 | 47.3% |
| Panama | 6.8 | 4.3 | 4.1 | 3.8 | -17.6% |
| United States | 14.7 | 9.8 | 6.2 | 2.3 | -46.1% |
| Macao SAR | 1.4 | 1.8 | 6.4 | 2.3 | 18.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1.9 | 0% |
| Netherlands | 0.8 | 0.7 | 0.9 | 1.2 | 14.5% |
| Philippines | 0.2 | 2.1 | 1.5 | 0.9 | 65.1% |
| South Korea | 0.7 | 0.5 | 0.6 | 0.6 | -5.0% |
| Others | 4.7 | 3.3 | 4.1 | 4.8 | 0.7% |
| Total | 43.1 | 50.6 | 74.4 | 62.5 | 13.2% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Vietnam in 2022:
- Australia (116.8K tons)
- Panama (17.0K tons)
- Macao SAR (13.1K tons)
- United States (5.9K tons)
- Taiwan (Chinese) (5.8K tons)
- South Korea (4.6K tons)
- Philippines (4.5K tons)
- Netherlands (4.5K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
407
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
701
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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