Price for Ferrous Waste and Scrap; of Stainless Steel in Bangladesh - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Stainless Steel in Bangladesh (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Stainless Steel in Bangladesh (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Stainless Steel in Bangladesh
4. Imports of Ferrous Waste and Scrap; of Stainless Steel in Bangladesh

Price for Ferrous Waste and Scrap; of Stainless Steel in Bangladesh (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $2,097 per ton, increasing by 26% against the previous year. Over the period under review, export price indicated slight growth 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 stainless steels increased by +76.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($7,895 per ton), while the average price for exports to India stood at $2,032 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+18.2%).

Price for Ferrous Waste and Scrap; of Stainless Steel in Bangladesh (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $615 per ton in 2022, which is down by -35.4% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure at $1,580 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,964 per ton), while the price for Namibia ($199 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.0%), while the prices for the other major suppliers experienced a decline.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Bangladesh

In 2022, approx. 23K tons of ferrous waste and scrap; of stainless steels were exported from Bangladesh; declining by -7.9% compared with the year before. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 70% against the previous year. As a result, the exports reached the peak of 25K tons, and then contracted in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels soared to $47M in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 137%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Bangladesh in 2022:

1. India (22.3K tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Bangladesh

In 2022, the amount of ferrous waste and scrap; of stainless steels imported into Bangladesh shrank sharply to 3.7K tons, reducing by -75.1% on 2021. In general, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 84%.

In value terms, imports of ferrous waste and scrap; of stainless steels contracted sharply to $2.3M in 2022. Over the period under review, imports saw a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 149% against the previous year. As a result, imports attained the peak of $14M, and then fell notably in the following year.

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Bangladesh in 2022:

1. Philippines (1302.0 tons)
2. New Zealand (1002.0 tons)
3. Namibia (588.0 tons)
4. United Kingdom (343.4 tons)
5. Netherlands (282.8 tons)
6. Botswana (61.6 tons)
7. Canada (57.7 tons)
8. United Arab Emirates (0.1 tons)

Source: IndexBox Market Intelligence Platform