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

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

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $2,311 per ton, growing by 36% against the previous year. Over the period under review, the export price saw a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 India ($2,481 per ton), while the average price for exports to the Netherlands ($1,429 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for ferrous waste and scrap; of stainless steels stood at $731 per ton in 2020, which is down by -28.1% against the previous year. Overall, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 103%. The import price peaked at $2,753 per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Lebanon ($3,000 per ton), while the price for Equatorial Guinea amounted to $639 per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (-2.9%).

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

In 2022, approx. 93 tons of ferrous waste and scrap; of stainless steels were exported from Cameroon; growing by 92% on 2021. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of stainless steels soared to $214K in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Ferrous Waste and Scrap; of Stainless Steel in Cameroon (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	28.1	45.3	72.9	190	89.1%
France	2.2	4.1	7.4	21.5	113.8%
Netherlands	0.9	1.2	1.5	3.0	49.4%
Others	N/A	N/A	N/A	N/A	0%
Total	31.2	50.6	81.8	214	90.0%

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

India (76.6 tons)
France (14.1 tons)
Netherlands (2.1 tons)

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

Imports of ferrous waste and scrap; of stainless steels into Cameroon soared to 717 kg in 2020, jumping by 26% against the previous year's figure. The total import volume increased at an average annual rate of +26.2% over the period from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of stainless steels dropped to $524 in 2020. In general, imports, however, recorded a abrupt decrease.